Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1971 - 1980 of 6868 results for "CRED"

Evans and Partners looks to delist LITs

KANIKA SOOD  |  THURSDAY, 29 OCT 2020
Evans and Partners is seeking the nod from shareholders to convert its LITs to open-ended funds and to switch to Perpetual as responsible entity. The largest of these is the $279 million Evans & Partners Global Disruption Fund (EGD), followed by the ...

New super benchmarking flawed: Rice Warner

ELIZA BAVIN  |  THURSDAY, 29 OCT 2020
The government's new Your Future, Your Super investment performance benchmarking is flawed and will have unintended consequences, according to Rice Warner. Rice Warner said the proposed package to implement some of the recommendations by the Productivity ...

PwC appoints wealth services MD

ANNABELLE DICKSON  |  THURSDAY, 29 OCT 2020
The former ANZ Private Bank head of private advisory has jumped to PwC to take on the role of managing director: wealth services, private clients. Luke McCann headed private advisory at ANZ Private Bank for six months prior to which he was national ...

ANZ sees profits plummet, plans to exit thermal coal

ANNABELLE DICKSON  |  THURSDAY, 29 OCT 2020
ANZ has felt the wrath of the pandemic, reporting a 42% loss on cash profit in its full year results as it tries to protect itself from future credit losses. It has also updated its climate policy, saying it will exit thermal coal by 2030. The bank's ...

Magellan's largest client asked to review costs

KANIKA SOOD  |  WEDNESDAY, 28 OCT 2020
An activist shareholder is asking for a cost review at Magellan's biggest client, St James Place. But the risk to Magellan is low, says Credit Suisse. The UK wealth manager has been using Magellan's strategies since 2011 and was its first overseas client. ...

Northern Trust scores win in Vanguard reversal

KANIKA SOOD  |  WEDNESDAY, 28 OCT 2020
Northern Trust Asset Management has snagged a $5 billion allocation as Vanguard reverses from special mandates in Australia and New Zealand. ANZ Investments in New Zealand has swapped out Vanguard Investments Australia for Northern Trust. The change ...

DDO top of ASIC's agenda

ELIZA BAVIN  |  TUESDAY, 27 OCT 2020
Design and distributions obligation (DDO) reforms may have been pushed back to October next year as a result of COVID-19 but ASIC said it is top of the priority list for 2021. Speaking to the annual Credit Law Conference, ASIC commissioner Sean Hughes ...

Rest increases admin fees

JAMIE WILLIAMSON  |  MONDAY, 26 OCT 2020
Members of the $54 billion industry super fund will see their administration fees go up next month and will no longer see the benefit of tax deductions related to insurance premiums. Rest has notified members their admin fees will rise from November ...

Gender doesn't influence company returns: Research

ELIZA BAVIN  |  MONDAY, 26 OCT 2020
Analysis of ASX 300 companies since 2005 has shown a 33.1% rise in women filling non-executive director (NED) roles has had no influence on company returns. The Ownership Matters (OM) study examined the total shareholder return for each company, during ...

ASIC to curb huge CFD losses

KARREN VERGARA  |  FRIDAY, 23 OCT 2020
The corporate regulator is stepping in to prevent retail investors losing millions of dollars from trading highly risky contract for difference (CFDs) instruments. ASIC has imposed a product intervention order on the issue and distribution of CFDs effective ...