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Showing 161 - 170 of 3213 results for "April 6"

Former director sentenced over 'test' trading accounts

MATTHEW WAI | THURSDAY, 22 MAY 2025

A former financial services director, who dishonestly obtained near $1 million by tricking his clients into investing into a "test" trading platform, has had his sentence handed down. Mark Francis McCabe was sentenced to four years and three months' ...

ASIC takes Block Earner case to High Court

ELIZA BAVIN | WEDNESDAY, 21 MAY 2025

ASIC intends to appeal the Full Federal Court's decision, now seeking special leave from the High Court in its case against Block Earner. The Federal Court decision found that a product issued by Block Earner, which allowed consumers to earn fixed ...

ETF industry growth streak continues, shatters net inflow records

ANDREW MCKEAN | MONDAY, 19 MAY 2025

The ETF industry has stretched its growth streak to 71 months of consecutive net inflows, and amassed a record US$620.5 billion year-to-date, according to consultancy firm ETFGI. These record-breaking net inflows year-to-date steamrolled the previous ...

RBA cut expected, but then what?

ELIZA BAVIN | FRIDAY, 16 MAY 2025

... still see out there," he said. "What's interesting is that Australia seems to be immune from this - our market ended up in April - and so the Australian economy seems to be improving off a low base. So, although I expect to see the RBA cut rates, there ...

State insurer names new CIO as government review looms

ELIZABETH FRY | THURSDAY, 15 MAY 2025

New Zealand's NZ$50 billion no-fault accident compensation scheme has appointed a new investment chief amid scrutiny. The Accident Compensation Corporation has appointed David Iverson as chief investment officer of its NZ$50bn fund as the state ...

Vanguard ETFs claim first, second, and third place for inflows

ANDREW MCKEAN | THURSDAY, 15 MAY 2025

A trio of Vanguard ETFs topped April inflows, pulling in over $1.1 billion, according to Betashares' Australian ETF review. The Vanguard Australian Shares Index ETF brought in $533.6 million in inflows, followed by the Vanguard MSCI Index International ...

NZ Super appoints inaugural chief operating officer

MATTHEW WAI | TUESDAY, 13 MAY 2025

The Guardians of New Zealand Superannuation, manager of NZ Super Fund, has promoted Paula Steed to the newly created position of chief operating officer. The appointment combines Steed's current role of general manager technology and general manager ...

'Lunatic' tariffs can directly hit Australia: Academics

KARREN VERGARA | MONDAY, 12 MAY 2025

Australia can get hurt by US President Donald Trump's 'incoherent' and 'lunatic' tariff policies that appear to have no logic or endgame if China's economy experiences a drastic slowdown, academics say. Australian National University ...

Ascent Investment mastermind cops 33 criminal charges

KARREN VERGARA | MONDAY, 12 MAY 2025

Michael Dunjey, the mastermind behind a $149 million alleged Ponzi scheme, has been charged with 33 criminal offences. On May 9, the Perth Magistrates Court charged Dunjey, the director of Ascent Investment and Coaching, with 23 counts of fraud under ...

HESTA members to keep paying fees as disruption continues

ELIZA BAVIN | MONDAY, 12 MAY 2025

HESTA members currently in the midst of an extended limited services period will not see a pause or reduction applied to their administration fees, the fund confirmed. The $89 billion fund is currently transitioning to GROW Inc. (GROW) for its administration ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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