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Showing 1561 - 1570 of 7034 results for "December"

FS team picks: The top stories for 2020

ELIZABETH MCARTHUR, KANIKA SOOD  |  THURSDAY, 17 DEC 2020
... remit. Assistant Minister for Superannuation, Financial Services and Financial Technology, Senator Jane Hume announced on December 9 that the standard-setting aspect of FASEA will be swallowed up by Treasury. Asset consultant expands into retail market ...

Household wealth hits record high

ELIZA BAVIN  |  THURSDAY, 17 DEC 2020
... wealth Amanda Seneviratne said the September quarter estimate surpassed the previous high of $11.24 trillion recorded in December quarter 2019. Residential assets, deposits and superannuation balances all saw increases in the quarter and were the main ...

Cashwerkz appoints chair for Fund Income

KANIKA SOOD  |  THURSDAY, 17 DEC 2020
... named Fortlake Asset Management. Fortlake k icked off with four funds and a heavyweight lineup. Official go-live date was December 16. In an update today, Cashwerkz said Fortlake has crossed the $300 million mark resulting in an allocation of five million ...

Chief economist update: Fed acts with inaction

BENJAMIN ONG  |  THURSDAY, 17 DEC 2020
The Fed's final act for the pandemic year 2020 was inaction. At the conclusion of its December FOMC meeting, the US Federal Reserve said: "The Committee decided to keep the target range for the federal funds rate at zero to 0.25% and expects it ...

Departure at Perpetual small caps team

KANIKA SOOD  |  TUESDAY, 15 DEC 2020
... manager Jack Collopy in 2019 after seven years at UBS's small-cap sales desk, Morningstar said. He left the team on December 9, Morningstar said in a note while holding the fund's rating steady at neutral. Perpetual this year paid about $465 ...

ASIC takes action on Union Standard

KARREN VERGARA  |  TUESDAY, 15 DEC 2020
... China-based clients at risk of contravening Chinese law, exposing them to potential administrative and criminal penalties. In December 2019, ASIC obtained asset restraint orders in the Federal Court against EuropeFX and TradeFred to protect customers' ...

Regulators alert trustees of new obligations

KARREN VERGARA  |  TUESDAY, 15 DEC 2020
... they complement. The Business Performance Review (BPR), which is part of the member outcomes obligation, is due by 31 December 2020, while the first outcomes assessments are expected to be completed early 2021. Member outcomes obligations focus on super ...

New chief executive at Fitzpatricks Group

KANIKA SOOD  |  TUESDAY, 15 DEC 2020
... ASX-listed AUB Group. She is also a former chief financial officer of The Trust Company, which was acquired by Perpetual in December 2013, and has held key strategy roles with AMP and Bank of America Merrill Lynch. The firm said her focus will be on ...

Vale Martin Heffron

ELIZABETH MCARTHUR  |  TUESDAY, 15 DEC 2020
... after a brief illness. Heffron, the business that he co-founded with his wife Meg in 1998, sent a note to clients on 11 December 2020 informing them of the sad news. "We are deeply saddened to announce the sudden passing of our executive director Martin ...

Australia bottoms out on fund disclosure

ANNABELLE DICKSON  |  TUESDAY, 15 DEC 2020
... amendments that would require super trustees to publish portfolio holdings online were due to come into effect on 31 December 2019 before being postponed. The deadline had already been extended three times previously, in 2017, 2016, and 2015," Morningstar ...