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Showing 1841 - 1850 of 5917 results for "March 2003"

Chief economist update: Expect an RBNZ rate cut

BENJAMIN ONG  |  THURSDAY, 27 JUN 2019
The Reserve Bank of New Zealand (RBNZ) did as it was expected - it kept the official cash rate unchanged at a record low 1.5% at the conclusion of its June 26 meeting. Understandably, another interest rate reduction only a month after it handed out ...

Magellan renews fund administrator

KANIKA SOOD  |  WEDNESDAY, 26 JUN 2019
Magellan Asset Management has renewed its fund administration agreement for another five years. Mainstream has provided administration services to Magellan since 2007. Magellan has extended the contract for the next five years with an automatic renewal ...

TCorp chair steps down

ELIZABETH MCARTHUR  |  WEDNESDAY, 26 JUN 2019
The chair of TCorp will retire from the board at the end of September. Philip Chronican will retire from the TCorp board, having been on a leave of absence since March this year after he was appointed to the role of interim group chief executive for ...

Chief economist update: ECB to leave no policy tool unturned

BENJAMIN ONG  |  WEDNESDAY, 26 JUN 2019
When the European Central Bank (ECB) concluded its Governing Council meeting on the June 6, not only had it announced to keep monetary policy settings unchanged - repo at 0.00%; marginal lending facility at 0.25%; deposit facility at -0.4% - but it ...

Former Westpac adviser permanently banned

JAMIE WILLIAMSON  |  WEDNESDAY, 26 JUN 2019
A former Westpac financial adviser was permanently banned for providing inappropriate advice that placed a number of clients' retirements in jeopardy. Subeer Luthra was banned by ASIC following surveillance that found he dishonestly altered his clients' ...

Vanguard lowers fees

ELIZABETH MCARTHUR  |  TUESDAY, 25 JUN 2019
... According to Rainmaker data the SPDR 200 Fund was the largest ETF in Australia by funds under management at the end of March - with a total of $3.57 billion. The Vanguard Australian Shares Index ETF had $3.45 billion in FUM at the end of March. These ...

Future Fund backs tech startup

KANIKA SOOD  |  TUESDAY, 25 JUN 2019
Australia's $154 billion sovereign wealth fund has invested in a technology company looking to deploy its products in the industrial sector. California's Everactive raised $30 million in a recent funding round, of which Future Fund was the lead ...

Dealer group transitions to fee-based model

KARREN VERGARA  |  TUESDAY, 25 JUN 2019
A dealer group has ditched grandfathered arrangements ahead of the 2021 deadline and transitioned the majority of its network to a fee-for-service model. ASX-listed Centrepoint Alliance moved 200 out of 226 of its financial advice firms to a new "transparent ...

Self-licensing trend boosts ClearView offering

ELIZABETH MCARTHUR  |  TUESDAY, 25 JUN 2019
ClearView's LaVista Licensee Solutions has had a boost to its books thanks to the increase in self-licensed financial advice practices seeking dealer services, such as back-office infrastructure and support. Now NSW-based practice Macaplan Financial ...

Wealth management investigations spike

KANIKA SOOD  |  FRIDAY, 21 JUN 2019
The corporate regulator's wealth management investigations increased 129% in the year to March 2019, ASIC commissioner John Price said yesterday. In opening comments to a keynote panel discussion at the Governance and Risk Management Forum in Melbourne ...