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Showing 1751 - 1760 of 5518 results for "September 23"

Former Suncorp adviser banned

HARRISON WORLEY  |  WEDNESDAY, 18 APR 2018
A former Suncorp Financial Services financial adviser has copped a four-year ASIC ban after the regulator found the adviser failed to act in the best interests of his clients. The adviser in question, Gerald Grubwinkler from Queensland, failed to adequately ...

CFSGAM prepares IPO, names board candidates

DARREN SNYDER  |  TUESDAY, 17 APR 2018
Colonial First State Global Asset Management will work towards an initial public offering and listing on the Australian Securities Exchange following a strategic review from its parent bank. Commonwealth Bank announced this afternoon it had completed ...

Freedom acquires bank insurance arm

KARREN VERGARA  |  TUESDAY, 17 APR 2018
Freedom Insurance Group (FIG) announced it will acquire a bank's insurance arm for $65 million. FIG has entered into an agreement to purchase St Andrew's Insurance from the Bank of Queensland in a bid to diversify its insurance products. The specialist ...

OneVue to create digital community via acquisition

JAMIE WILLIAMSON  |  TUESDAY, 17 APR 2018
OneVue acquired an online education platform for both financial advisers and consumers as part of a wider strategy to better connect the advice and funds management industries with investors. OneVue has bought digital distribution and education platform ...

NAB details serious compliance concerns in RC advice submission

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
In the past nine years NAB has identified about 70 financial advisers giving rise to serious compliance concerns across its wealth division. In its submissions to the Royal Commission, NAB disclosed that between 1 January 2009 and 1 January 2018, it ...

Netwealth sells Pathway

JAMIE WILLIAMSON  |  FRIDAY, 13 APR 2018
Netwealth has offloaded its Pathway subsidiary to a large financial services technology provider. Pathway Licensee Services was acquired by IRESS for an undisclosed amount on 1 April. The platform provider confirmed the sale in a quarterly update to ...

Chief economist update: RBA certain to raise interest rates

BENJAMIN ONG  |  THURSDAY, 12 APR 2018
Speculate no further, "the next move in the cash rate will be up, not down." Reserve Bank of Australia (RBA) Governor Philip Lowe cannot be more explicit about monetary policy direction than this when he addressed the Australia-Israel Chamber of Commerce ...

Chief economist update: Trump trumps Brexit

BENJAMIN ONG  |  TUESDAY, 10 APR 2018
Perhaps it's being drowned by the ongoing Trump/Xi "my tariff is bigger than yours" tit-for-tat, or the Trump/Stormy Daniels alleged dalliance, or the alleged Trump/FBI raid on the offices of Trump's personal lawyer, Michael Cohen... but whatever it ...

MySuper growth leads industry

KANIKA SOOD, DARREN SNYDER  |  FRIDAY, 6 APR 2018
MySuper products now have more than $635 billion in assets and account for about one-quarter of Australia's $2.6 trillion superannuation system. Rainmaker's latest MySuper report shows the sector is growing at twice (19%) the pace of overall superannuation ...

Tech selloff builds cash pile at Pengana

KANIKA SOOD  |  THURSDAY, 5 APR 2018
Australian equities managers unloading tech stocks face a tough question - where do they put this pile of cash to work? One international equities manager saw its cash allocations spike to a three-year high as it trimmed investments in tech stocks in ...