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Showing 2011 - 2020 of 3939 results for "USI"

MFSIM execs use $143.5m in client money to repay debts

KERRIE SYDEE  |  TUESDAY, 24 MAY 2016
Five former executives of MFS Investment Management (MFSIM), now known as ACN, have been found liable for breaching their directors' and officers' duties by the Supreme Court of Queensland. The MFS Group, subsequantly known as Octaviar, collapsed in ...

Citi to roll out voice biometric authentication

MARK SMITH  |  FRIDAY, 20 MAY 2016
Reciting PINs, passwords and answers to security questions to telephone customer service staff will soon be a thing of the past for Citi's Australian consumer banking customers as the bank rolls out voice biometric authentication. The technology identifies ...

Banned SMSF adviser charged for misappropriating $1.8m

ALEX BURKE  |  FRIDAY, 20 MAY 2016
An SMSF property adviser has been charged with 31 counts of deception following an ASIC investigation. George Nowak was the director of EJ Property Developments, formerly Charterhill. According to ASIC's findings, he misappropriated $1.8 million in ...

Advisers leading ETF investment charge

DARREN SNYDER  |  WEDNESDAY, 18 MAY 2016
Financial advisers are playing a major role in the increase of exchange-traded fund holdings among investors as use of these indexed investment vehicles is also becoming more sophisticated. Vanguard and Tria Investment Partners have released research ...

Competitive forces driving US pension fees down

MARK SMITH  |  WEDNESDAY, 18 MAY 2016
Greater transparency and increased competition, as well as the risk of legal proceedings, have driven companies in the US to demand lower fees from pension providers for their employees' 401(k) plans. As new disclosure rules allow companies to learn ...

Opt-In headache given mobile relief

KERRIE SYDEE  |  TUESDAY, 17 MAY 2016
Midwinter and SuiteBox, the mobile office solution for advisers, have partnered to deliver an electronic solution to alleviate issues surrounding the FoFA Opt-In for financial planners. The partnership will allow advisers using Midwinter's AdviceOS ...

Factor investing sees new customised approach

DARREN SNYDER  |  MONDAY, 16 MAY 2016
Factor-based investing is being further pitched at Australian institutional investors at a time when they are thinking outside smart beta products and looking for more outcomes-based solutions. As part of a recent Australian visit, Northern Trust Asset ...

Calastone expands to New Zealand

KERRIE SYDEE  |  MONDAY, 16 MAY 2016
Global fund transaction network, Calastone, has expanded into New Zealand in the hopes of enabling smoother transaction flows across Australasia. Calastone's technology provides users with total interoperability, meaning that asset managers, platforms ...

Australian Ethical appoints former AMP Capital PM

MARK SMITH  |  FRIDAY, 13 MAY 2016
Ethical investment and superannuation provider, Australian Ethical, has made an appointment to its investment team. Portfolio manager Michael Murray has 18 years' investment experience including as a portfolio manager for ethical and ESG aware clients ...

ASIC makes two permanent bans

KERRIE SYDEE  |  FRIDAY, 13 MAY 2016
ASIC has permanently banned a former AFS licensee employee and former chairman of collapsed lender Wickham Securities and founder of Sherwin Financial Planners (in liquidation), from providing financial services. Former AFS licensee employee Nicolai ...