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Showing 1771 - 1780 of 3556 results for "October 27"

Global firm introduces Australian pooled funds

JAMIE WILLIAMSON  |  MONDAY, 28 NOV 2016
A New York-based global investment firm has launched the first of two Australian pooled funds. Pzena Investment Management has launched the Pzena Emerging Markets Value Fund to institutional investors across Australia and New Zealand. The fund was opened ...

Economic Wrap

BENJAMIN ONG  |  FRIDAY, 25 NOV 2016
Australia managed funds industry The Australian Bureau of Statistics (ABS) reports that the managed funds industry saw a 2.2% increase in funds under management to A$2,774.5 billion in the September quarter from A$2,715.5 billion in the June quarter. ...

Economic Wrap

BENJAMIN ONG  |  THURSDAY, 24 NOV 2016
Australia construction work done This will be a drag. A drag on Australian third quarter GDP that is. The Australian Bureau of Statistics (ABS) reports that the value of total construction work done fell by 4.9% in the September quarter following a ...

Economic Wrap

BENJAMIN ONG  |  WEDNESDAY, 23 NOV 2016
US existing home sales Are American homebuyers front-running the expected increase in the fed funds rate next month? Existing home sales jumped by 2.0% to a seasonally adjusted annualised rate of 5.6 million units in October. This is the highest level ...

Super assets up despite contributions dip

JAMIE WILLIAMSON  |  TUESDAY, 22 NOV 2016
Total assets in superannuation have grown 7.4% in the last 12 months, despite total contributions dipping 1.5%. According to APRA's Quarterly Superannuation Performance report, at the close of the September 2016 quarter assets totaled $2.1 trillion ...

Economic Wrap

BENJAMIN ONG  |  TUESDAY, 22 NOV 2016
... down from 497.6 billion in September and less than the expected ¥615 billion. Exports dropped by 10.3% in the year to October -- the 13th straight month of decline and worse than market expectations for an 8.6% contraction. Imports decreased by 16.5% ...

Former Sentinel adviser slapped with ban

KERRIE SYDEE  |  THURSDAY, 17 NOV 2016
ASIC has banned a financial adviser and former authorised representation of Sentinel Private Wealth from providing financial services for five years. Stephen Beckton, who was a representative of Sentinel from September 2013 to October 2015, was banned ...

CommSec pays $200,000 penalty

KERRIE SYDEE  |  WEDNESDAY, 16 NOV 2016
CommSec has paid a $200,000 infringement notice penalty after failing to apply a holder record lock to the accounts of a deceased client and entering into unauthorised market transactions following the client's death. The Markets Disciplinary Panel ...

Former adviser receives jail sentence

KERRIE SYDEE  |  WEDNESDAY, 16 NOV 2016
A former financial adviser was sentenced to seven years imprisonment following charges brought by ASIC. Darren Wise, formerly of Rhodes New South Wales, pleaded guilty to one count each of forgery and using forged documents fraud. Wise will be eligible ...

SMSF auditor's appeal upheld

DARREN SNYDER  |  TUESDAY, 15 NOV 2016
The Administrative Appeals Tribunal has overturned an ASIC decision to disqualify an SMSF auditor. In October 2015, Manoj Abichandani was disqualified as an SMSF auditor following allegations from ASIC that he tried to mislead the regulator with untruthful ...