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Showing 2041 - 2050 of 7108 results for "December"

Pershing Securities breaches client money obligations

ALLY SELBY  |  WEDNESDAY, 11 DEC 2019
... penalty of $135,000. ASIC alleged that the company failed to comply with client money obligations between June 2016 and December 2018. Under the Corporations Act, client money is defined as "money paid to a financial services licensee in connection with ...

APRA slaps extra conditions on Avanteos

HARRISON WORLEY  |  WEDNESDAY, 11 DEC 2019
... in those matters were ongoing but could yet result in possible enforcement action. This story was updated at 9:20am on December 12 to include the statement of CBA.

Thousands exit Westpac raise

HARRISON WORLEY  |  WEDNESDAY, 11 DEC 2019
... on the volume weighted average price of shares traded on the ASX during the five days leading up to - and including - December 2. According to Westpac, around 40,900 of the 618,300 eligible shareholders offered to participate in the share placement plan ...

IOOF, ANZ transaction gets green light

ELIZA BAVIN  |  TUESDAY, 10 DEC 2019
... management of conflicts within its existing RSE licensees, in response to additional license conditions imposed by APRA in December 2018. APRA said noteworthy steps taken by IOOF include appointing a majority of independent directors to its RSE licensee ...

Chief economist update: Eurozone negative rates a failure?

BENJAMIN ONG  |  TUESDAY, 10 DEC 2019
... started to improve from the recession borne of Grexit and fears of contagion in 2013 to a peak of 3.0% annual growth in the December quarter of 2017 (the fastest growth rate prior to the GFC) - so much so that investment advice after investment advice ...

Chief economist update: It's Christmas time in the city

BENJAMIN ONG  |  MONDAY, 9 DEC 2019
... delightful." The University of Michigan consumer sentiment index's preliminary estimate rose to a reading of 99.2 in December from 96.8 in November. This is better than consensus expectations for a small improvement to 97.0; it's the fourth-straight ...

K2 head of distribution departs

KANIKA SOOD  |  FRIDAY, 6 DEC 2019
... business, Fidante Partners. K2 Asset Management has $135 million in assets under management across its five funds, as at December 1. Last month, it shut down the K2 Global Equities Fund. This had $3.6 million, of which $1.3 million was transferred to ...

Industry fund cuts fees

HARRISON WORLEY  |  FRIDAY, 6 DEC 2019
... in its balanced growth lifecycle MySuper strategy for employer sponsored members, dropping from 0.76% to 0.65% as of December 1. According to First State's product disclosure statement, members in the option - which acts as the default for those ...

ACCC immunity deal questioned by court

ELIZA BAVIN  |  FRIDAY, 6 DEC 2019
... the ANZ transaction and his statement was subsequently drafted on an ACCC computer with the watchdogs help. Then, in December 2016 Galvin said he and the ACCC went through his draft statement together over the course of two days and in February 2017 ...

Chief economist update: A penny saved, a penny not earned by the economy

BENJAMIN ONG  |  FRIDAY, 6 DEC 2019
... tax offset" (ABS) - household consumption rose by just 0.1% over the three-month period to its slowest pace since the December quarter of 2008 (GFC days). Where have the dividends from Morrison's tax offset and reduced mortgage repayments go? They ...