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Showing 161 - 170 of 4719 results for "Class"

More than $17m paid in CFD-related remediation

JAMIE WILLIAMSON  |  THURSDAY, 9 NOV 2023
More than $17.4 million has been made in compensation payments to retail clients affected by legal breaches by eight retail OTC derivative issuers, $13 million of which was paid by Binance alone. ASIC said the payments have been made to more than 2000 ...

Vanguard Super institutes advice fee function, tweaks options

ANDREW MCKEAN  |  WEDNESDAY, 8 NOV 2023
... can't exceed 2% of the account balance or exceed $6000 in any given financial year. Vanguard has also introduced a new asset class - Australian government bonds - to its ethically conscious growth investment option. This addition has led to an adjustment ...

Potential reporting relief for trustees: ASIC

CHLOE WALKER  |  TUESDAY, 7 NOV 2023
... public by trustees must align with information provided to the Australian Prudential Regulation Authority (APRA). The ASIC Class Order [CO 14/541] was first launched in 2013 and aims to provide relief from this section of the SIS Act. ASIC said the exemption ...

Westpac reports $7.2bn profit

KARREN VERGARA  |  MONDAY, 6 NOV 2023
... billion. Elsewhere, the bank has not quantified the liability for one of its lawsuits. On 5 October 2023, Westpac defended a class action in the Federal Court of Australia against BT Funds Management (BTFM), Westpac Securities Administration (WSAL) and ...

Hejaz rolls out Australia's first Sukuk ETF

ANDREW MCKEAN  |  THURSDAY, 2 NOV 2023
... afford Australian Muslims the opportunity to increase their wealth in alignment with their faith, through access to "world-class" financial products. "The Hejaz Sukuk Active ETF (Managed Fund) fills a substantial gap in the market by enabling Muslims ...

La Trobe reveals global strategy, partners

CASSANDRA BALDINI  |  THURSDAY, 2 NOV 2023
... committed to the Australian market and La Trobe Financial is high-quality and a key strategic partner in bringing our world-class expertise to Australian investors," he said. Talking to the company scale, Andrews noted La Trobe has $18 billion in assets ...

AMP Capital sale inches toward completion

CHLOE WALKER  |  TUESDAY, 31 OCT 2023
The final conditions necessary to complete the sale of AMP Capital's real estate and domestic infrastructure business to Dexus Funds Management (Dexus) have been met. The last phase of this sale involves the transfer of AMP's interest in China ...

Caddick victims sue auditors in class action

KARREN VERGARA  |  MONDAY, 30 OCT 2023
A new class action led by victims of Melissa Caddick alleges that auditors of their self-managed superannuation funds failed their jobs to detect fraudulent activities. Twenty-four victims, together with the help of Melbourne-based law firm Mackay Chapman ...

Stockspot launches two options

KARREN VERGARA  |  FRIDAY, 27 OCT 2023
Robo-adviser Stockspot has launched two investment options that aim to protect investors from soaring inflation and generate higher levels of income respectively. The Topaz Inflation portfolio invests exchange-traded funds cover a range of countries ...

PGIM executive quits after less than two years

ELIZABETH FRY  |  FRIDAY, 27 OCT 2023
... now looking to modernise our approach to most effectively serve our Australian clients' growing needs for cross-asset class solutions across the public and private markets." PGIM established its presence in Australia in 2011 and has 22 employees ...