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Showing 1711 - 1720 of 8245 results for "June"

Vanguard finds dirty assets in ESG fund

KANIKA SOOD  |  WEDNESDAY, 24 FEB 2021
... scrutiny of advertising in managed funds. This triggered a wave of name changes in "cash plus" or "enhanced cash" funds. In June 2020, it asked 13 managed funds to fix their advertising, and threatened the wider sector with enforcement action for misleading ...

Wells Fargo sells asset management business

ELIZA BAVIN  |  WEDNESDAY, 24 FEB 2021
... complete the new, independent company will be rebranded. WFAM chief executive Nico Marais, who has been in the role since June 2019, will remain in his position and his leadership team will continue to oversee the business. Additionally, the former chair ...

Countdown to FASEA exam deadline

ELIZABETH MCARTHUR  |  TUESDAY, 23 FEB 2021
... financial advisers. There are 1900 candidates already registered for the March exam, the 11 th sitting of the FASEA exam since June 2019. "Registering for March will enable candidates the opportunity to sit the exam a further two times if necessary to ...

Morphic co-founder joins hedge fund

KANIKA SOOD  |  MONDAY, 22 FEB 2021
... (Morphic Ethical Equities Fund). It was founded in 2012 by Slater and Jack Lowenstein, who worked together at Hunter Hall. In June 2019, Ellerston bought an undisclosed controlling stake in Morphic. Slater left Ellerston a year after the sale. Point72 ...

Review of AFCA underway

ELIZABETH MCARTHUR  |  MONDAY, 22 FEB 2021
... can be further improved." Once stakeholder feedback is received, a report on the efficacy of AFCA will be published by 30 June 2021.

Chief economist update: The vaccine has landed

BENJAMIN ONG  |  MONDAY, 22 FEB 2021
... goes according to plan, that's more than sufficient to cover all of Australia's population of 25.7 million (as at 30 June 2020, Australian Bureau of Statistics figures show). Water, water everywhere but not all wants to drink. While there are ...

Westpac to combine Advance super with BT Super

KANIKA SOOD  |  MONDAY, 15 FEB 2021
... that Westpac transitioned to in late 2019 and early 2020. The Advance Retirement Suite had $202.8 million in total assets at June end. It had 15 member options and about 3460 member accounts (down 19% in two months). Average member had $58,000 in balance ...

Fiducian profit, growth jump

ANNABELLE DICKSON  |  MONDAY, 15 FEB 2021
... distribute to wholesale non-advised clients. As at December 31, Fiducian Funds were at $3.38 billion, up from $2.79 billion in June last year. Fiducian will pay an interim dividend of 12.3 cents per share fully franked. "The financial results for the ...

Banks return $1.2bn for bad advice

ELIZA BAVIN  |  FRIDAY, 12 FEB 2021
... highlighting how the institutions identified and dealt with non-compliant advice by their advisers between 1 January 2009 and 30 June 2015 and the implementation of a framework for the large-scale review and remediation of customers who received non-compliant ...

Rest extends State Street relationship

KANIKA SOOD  |  WEDNESDAY, 10 FEB 2021
... Australia, State Street had a 10.7% share of the $3.75 trillion in total assets under custody for Australian investors at June 2020 - making it the sixth largest custodian. In July 2018, State Street entered a definitive, all cash agreement to acquire ...