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Showing 1691 - 1700 of 6249 results for "December 2002"

Retail funds outperform, but industry funds dominate

HARRISON WORLEY  |  MONDAY, 3 FEB 2020
Latest research shows retail super funds hit back in 2019, outperforming industry super funds across the year as impact of a tough final quarter in 2018 begins to fade. New analysis from Rainmaker published by SelectingSuper shows retail super funds ...

Westpac facing new class action

ELIZA BAVIN  |  MONDAY, 3 FEB 2020
Westpac is facing a new class action over issues connected to the bank's monitoring of financial crime and the recent AUSTRAC scandal. Rosen Law, a US based international investor rights law firm, filed the class action on behalf of purchasers of ...

Link Group expands with Europe acquisition

ELIZA BAVIN  |  FRIDAY, 31 JAN 2020
Link has entered into a binding agreement to acquire a European loan servicing, advisory and asset management business. Link Group is set to acquire 100% of Pepper European Servicing (PES) for an upfront payment of around $266 million, and a further ...

Chief economist update: It's a holiday for the Fed

BENJAMIN ONG  |  FRIDAY, 31 JAN 2020
"Gone Fishing!" Given "current" market expectations, this would be an appropriate sign on the Fed's door. As expected, the US central bank kept monetary policy settings unchanged at the conclusion of its January FOMC meeting. "The Committee decided ...

ASIC bans former Godfrey Pembroke adviser

HARRISON WORLEY  |  THURSDAY, 30 JAN 2020
A financial adviser who recommended his clients invest in a start-up company which crumbled a year later has been banned from the financial services industry for six years. Adelaide-based financial adviser Adrian John Cassidy has been banned from providing ...

Chief economist update: Turn the beat around

BENJAMIN ONG  |  THURSDAY, 30 JAN 2020
The stats are out and they reveal that Australia's inflation genie is still inside Aladdin's lamp. The Australian Bureau of Statistics' (ABS) consumer price index report showed headline inflation inched to 1.8% in the year to the December  ...

Latest FASEA exam results in

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 JAN 2020
Almost 3000 financial advisers across Australia have just received their results for the final Financial Adviser Standards and Ethics Authority exam for 2019. Over 86% of the 2981 advisers who sat the exam have passed. The exam was held in eight metropolitan ...

Future Fund returns 14.3% for the year

KANIKA SOOD  |  TUESDAY, 28 JAN 2020
Australia's $168 billion sovereign wealth fund returned 14.3% last year, while warning that future returns will be lower. Future Fund left its allocations largely unchanged during the year, only taking away marginally from most asset classes to ...

VanEck launches first active ETF

KANIKA SOOD  |  TUESDAY, 28 JAN 2020
VanEck is set to list an active ETF that will invest in emerging markets bonds, with a target of 5% annual yield after fees. The VanEck Emerging Income Opportunities Active ETF (Managed Fund) (ASX: EBND) is expected to list on the ASX in February. The ...

Stamping fees consultation kicks off

KANIKA SOOD  |  TUESDAY, 28 JAN 2020
Treasury has announced a four-week consultation into "stamping fees" paid by fund managers to advisers and brokers for exchange-listed funds, as public scrutiny into the practice mounts. The Future of financial Advice (FoFA) reforms in 2013 put an end ...