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Showing 1561 - 1570 of 4928 results for "MIS"

Chief economist update: Red metal turning red hot

BENJAMIN ONG  |  TUESDAY, 16 FEB 2021
The latest GDP growth updates show that the world's major economies remain in contraction (in year-on-year terms) at the end of 2020 and despite the roll-out of vaccines, the COVID-19 pandemic (and now its variants) remain with us, triggering stop-and-go ...

Wage subsidy to rescue advice industry

ELIZABETH MCARTHUR  |  FRIDAY, 12 FEB 2021
With just 65 new names appearing on the ASIC Financial Adviser Register in 2020, the rapid decline in adviser numbers has industry experts calling for a wage subsidy to incentivise advice practices to take hire graduates. In its pre-Budget submission ...

Banks return $1.2bn for bad advice

ELIZA BAVIN  |  FRIDAY, 12 FEB 2021
Six of Australia's largest banks have paid or offered a total of $1.24 billion in compensation to customers, according to new ASIC figures. The funds have been returned to customers who suffered loss or detriment due to fees for no service misconduct ...

Magellan performance fees dip 70%

KANIKA SOOD  |  THURSDAY, 11 FEB 2021
Magellan reported a small increase in its net profits, despite a 70% drop in performance fees and a stronger Australian dollar. Net profit after tax for the six months ending December 2020 was $202 million, up 3% from the same period in 2019. Total ...

Diversa, BetaShares relationship probed

ELIZABETH MCARTHUR  |  THURSDAY, 4 FEB 2021
The House of Representatives Standing Committee on Economics has questioned Future Super, Verve and Diversa Trustees on their relationship with BetaShares. Despite Future Super experiencing impressive member growth and returns recently, committee chair ...

AMP Capital lags on sustainable inflows

ANNABELLE DICKSON  |  THURSDAY, 4 FEB 2021
The Australasian sustainable funds sector reported a record $1.8 billion of inflows throughout the December quarter but AMP Capital missed out on the rush. Morningstar's latest Sustainable Investing Landscape for Australian Fund Investors revealed AMP ...

CFA Institute offers free exam deferral

ELIZABETH MCARTHUR  |  THURSDAY, 4 FEB 2021
The CFA Institute is allowing all candidates registered for the Level I exam in February to defer to later in the year for free and without providing a reason. "While we remain confident that most locations will successfully administer February Level ...

Future Super, Verve accused of misleading members

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 FEB 2021
The House of Representatives Standing Committee on Economics has accused Future Super and Verve of misleading consumers who are unlikely to understand the funds' relationship to Diversa Trustees. During questioning, Liberal MP and committee chair ...

Australians Googling for advice

KANIKA SOOD  |  WEDNESDAY, 3 FEB 2021
Online searches for 'financial advice' by Australians increased by 18% last year to 14,800 in average monthly searches compared to 2019, according to Allan Gray research on search and engagement trends. Average monthly searches for 'financial advice' ...

Best, worst investment ideas for 2021: ARK

ELIZABETH MCARTHUR  |  TUESDAY, 2 FEB 2021
Innovation-focused investment manager ARK Invest has released its annual Big Ideas report for 2021, highlighting the best and worst investment opportunities out there. When it comes to the worst ideas, ARK said household name NASDAQ listed Intel is ...