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Showing 1771 - 1780 of 7108 results for "December"

ASIC takes action against RI Advice

ELIZABETH MCARTHUR  |  FRIDAY, 21 AUG 2020
... of RI Advice. One of those alleged incidents was at Frontier Financial Group, a trustee for the Frontier Trust, from December 2017 to May 2018. RI Advice was previously owned by ANZ but became a wholly owned subsidiary of IOOF in 2018. ASIC alleges that ...

ASIC takes action against BTFM, Asgard, StatePlus

JAMIE WILLIAMSON  |  THURSDAY, 20 AUG 2020
... Asgard charged about 767 members for financial product advice that wasn't provided between 2001 and August 2017. From December 2017 to March 2018, Westpac remediated members to the tune of $634,490. The action announced today relates to conduct over ...

Law firm demands Pahari documents from AMP

ELIZABETH MCARTHUR  |  THURSDAY, 20 AUG 2020
... her role, Szlakowski lodged a seven-page complaint with AMP about Pahari's behaviour. She said the harassment began in December 2016 and culminated in May 2017. In June 2017 an investigation was initiated by AMP with Szlakowski interviewed. Maurice Blackburn ...

CareSuper awards custody mandate

ALLY SELBY  |  WEDNESDAY, 19 AUG 2020
... Morgan for another five years. J.P. Morgan is currently the largest custodian in Australia, with $866.7 billion (at 31 December 2019) in assets under custody. NAB Asset Servicing is Australia's second largest custodian, followed by Northern Trust.

New 'cash plus' style sovereign bond fund

KANIKA SOOD  |  TUESDAY, 18 AUG 2020
... the strategy did not suffer in the March drawdowns faced by credit-heavy 'cash plus' funds. The fund was incepted in December 2019 but is now starting to attract adviser money totaling $24 million currently. It has returned 3.97% since then after fee. ...

ERS will impact those who didn't access super: REST

ELIZA BAVIN  |  FRIDAY, 14 AUG 2020
... "If you park your money in cash, and now that the scheme has been extended, you are basically earning 0% through until December." Doyle added that REST has so far seen around 30% of its members access their super, while the remaining 70% have not. She ...

Embattled AMP sees wealth earnings dive

ELIZA BAVIN  |  THURSDAY, 13 AUG 2020
... Japan's institutional investors and 14% of its retail and HNW investors. MUTB paid $425 million for the interest in December 2011 and AMP Capital is repurchasing it for $460 million. This comprises an agreed market value of $451 million and $9 million ...

Magellan readies lower-cost funds

KANIKA SOOD  |  WEDNESDAY, 12 AUG 2020
... ESG are new additions, Magellan has already offered the core infrastructure strategy to institutional investors since December 2009. It is now $8.2 billion in size and has beat its benchmark by wide margin on all time horizons since inception. "It is ...

Bendigo and Adelaide Bank to face fresh class action

ELIZABETH MCARTHUR  |  TUESDAY, 11 AUG 2020
... that Bendigo and Adelaide Bank had not clearly breached any obligations. The EQ Legal class action alleges that from December 2014 Bendigo and Adelaide Bank demanded repayment of loans. But, subsequent court decisions in various states have since found ...

GPT bleeds $520 million

ALLY SELBY  |  MONDAY, 10 AUG 2020
... available liquidity in cash and undrawn bank facilities. It also has less than $5 million in debt maturing through to December 2021, GPT said. To ensure its balance sheet remains strong, the group has deferred its planned retail expansion of the Rouse ...