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Showing 1621 - 1630 of 5241 results for "Money101"

Colchester launches new fund

ELIZA BAVIN  |  THURSDAY, 19 SEP 2019
Colchester Global Investors has launched its new Emerging Markets Bond Fund for financial advisers to diversify within the income-generating allocations of client portfolios. Colchester's head of distribution for Australia, Angela MacPherson, said ...

Major super funds caught in fraud scandal

ELIZA BAVIN, JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2019
Several of Australia's largest superannuation funds were targeted by an online fraud syndicate which siphoned millions from share-trading and super accounts. A Melbourne woman appeared in court yesterday after allegedly taking part in an online ...

Northern Trust chair defends Woodford loan

ELIZABETH MCARTHUR, KANIKA SOOD  |  TUESDAY, 17 SEP 2019
Northern Trust chair and chief executive Michael O'Grady has defended the company giving an embattled Neil Woodford fund added flexibility on a £150 million loan. The British fundie famously took to YouTube to apologise to investors after his fund ...

Allianz Retire+ to research retirement transition

HARRISON WORLEY  |  TUESDAY, 17 SEP 2019
Allianz Retire+ is partnering with Macquarie University in a three-year research project to better understand the impact of holistic advice on retiree happiness. Macquarie University associate professor Joanne Earl will lead the project, and will work ...

Kapstream cuts fees on flagship fund

KANIKA SOOD  |  WEDNESDAY, 11 SEP 2019
The Kapstream Absolute Return Income Fund is shaving 15bps off its retail fees, as competition in the segment heats up and yields drop. The fund currently has about $3.8 billion of retail money and will go from charging 70bps to 55bps in annual management ...

Vanguard launches three new active funds

KANIKA SOOD  |  TUESDAY, 10 SEP 2019
Vanguard has launched two new actively-managed, low cost equities funds managed by external managers, as it kicks off a lineup of active funds in Australia. The company has offered factor-based funds in Australia for roughly the past two years but this ...

Priced out: Advice affordability at risk

ELIZABETH MCARTHUR  |  MONDAY, 9 SEP 2019
The issue of affordability is plaguing the financial advice industry, further compounded by recent action taken by both AMP and MLC Wealth. Speaking at the recent Association of Financial Advisers' National Conference, AFA general manager of policy ...

Adviser cops 262 month jail sentence

JAMIE WILLIAMSON  |  FRIDAY, 6 SEP 2019
A financial adviser in the US will spend the next 22 years in prison after he defrauded his own family out of millions. Treyton Lee Thomas has been sentenced to 262 months in prison for wire fraud and 60 months for tax evasion to run concurrently, as ...

BT faces fees for no service class action

ELIZABETH MCARTHUR  |  FRIDAY, 6 SEP 2019
Westpac confirmed it has received a class action filed against BT Funds Management and Westpac Life Insurance Services in relation to BT's Super for Life cash investment option. Slater & Gordon filed the action on behalf of Tracey Ghee. Westpac ...

Perth adviser to face court

KANIKA SOOD  |  THURSDAY, 5 SEP 2019
A Perth financial adviser allegedly stole nearly $1 million from clients and transferred it to his online gambling accounts, according to the Western Australian Police Force (WAPF). The 38-year old adviser, who was not named but identified as a Yanchep ...