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Showing 1851 - 1860 of 5260 results for "SCA"

OnePath to remediate over pressure selling

ELIZABETH MCARTHUR  |  MONDAY, 12 JUL 2021
OnePath Life is repaying customers to the tune of $35 million due to poor telephone sales practices. Following an ASIC intervention and action, OnePath was found to have sold life insurance over the phone between 2010 and 2016 using pressure selling ...

Angus Benbow leaves finance for fitness

ELIZABETH MCARTHUR  |  MONDAY, 12 JUL 2021
Former Centrepoint Alliance chief executive Angus Benbow has taken up a leadership role with mixed-martial arts gym program Wimp2Warrior. Benbow announced he will be co-chief executive of Wimp2Warrior alongside its founder Nick Langton. "An exciting ...

Economic recap: Week to July 9

BENJAMIN ONG  |  MONDAY, 12 JUL 2021
At its July 6 meeting, the Reserve Bank of Australia (RBA) kept the cash rate unchanged at 0.1% and retained the April 2024 bond as "the bond for the yield target" - against speculation that it would roll this over to the November 2024 bond. At the ...

BNY Mellon acquires Milestone

ELIZABETH MCARTHUR  |  FRIDAY, 9 JUL 2021
BNY Mellon will acquire Milestone Group, a funds management technology provider. The deal comes just over a year after the two companies formed an alliance to create a suite of oversight and contingent net asset value (NAV) services for asset managers ...

WealthO2 launches top manager MDA

ANNABELLE DICKSON  |  THURSDAY, 8 JUL 2021
WealthO2 has introduced a managed discretionary account with several top managed account investment managers. The MDA includes the expertise of investment managers including BlackRock, Evergreen, Lonsec, Morningstar, Ralton AM and Zenith. As WealthO2 ...

AMP Capital GEFI sold to Macquarie

JAMIE WILLIAMSON  |  THURSDAY, 8 JUL 2021
AMP is selling AMP Capital's Global Equities and Fixed Income business to Macquarie, with the division valued at $185 million. Under the sale, the global equities and fixed income capabilities will be combined with Macquarie's public investments ...

Class to dump MDA investment

ANNABELLE DICKSON  |  TUESDAY, 6 JUL 2021
The SMSF technology platform has decided to either convert or redeem its $3.1 million investment in Philo Capital Advisers after concluding it is not in the best interest of its shareholders. Class previously made the investment prior to the introduction ...

ASIC announces advice affordability findings

KARREN VERGARA  |  TUESDAY, 6 JUL 2021
ASIC has revealed the major concerns of financial advisers in making advice more affordable following its nine-month review. In an effort to provide consumers access to good quality and affordable financial advice, the corporate regulator unveiled its ...

AustralianSuper names next merger partner

JAMIE WILLIAMSON  |  TUESDAY, 6 JUL 2021
AustralianSuper is working on its next merger, this time with a 43-year-old industry fund. The nation's largest super fund has signed a Memorandum of Understanding to merge with LUCRF Super, the Labor Union Cooperative Retirement Fund. Established ...

Macquarie launches build-to-rent platform

ELIZABETH MCARTHUR  |  THURSDAY, 1 JUL 2021
Macquarie Asset Management has established a build-to-rent platform in the UK called Goodstone Living. The new business will be led by Darryl Flay and Martin Bellinger, founders of a private UK build-to-rent developer-operator, who have overseen the ...