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Showing 2121 - 2130 of 7418 results for "MAI"

Platforms maintain cash rate on RBA cut

ALLY SELBY  |  FRIDAY, 20 MAR 2020
Netwealth and HUB24 have kept interest rates on cash accounts at 0%, following the Reserve Bank of Australia's rate cut of 25bps on Thursday. Both platforms confirmed the decision to maintain rates at 0%. "Nothing has changed since last week for ...

Call for pause on default insurance changes

HARRISON WORLEY  |  FRIDAY, 20 MAR 2020
A prominent law firm is calling for upcoming changes to default insurance within superannuation to be postponed, as the COVID-19 pandemic increases the chance Australians will need to rely on the cover automatically provided by their super fund. Slater ...

JP Morgan commits $86m to COVID-19 crisis

ALLY SELBY  |  THURSDAY, 19 MAR 2020
JP Morgan Chase & Co has committed $86 million (US$50 million) to address global public health and long-term economic challenges from the spreading COVID-19 pandemic. It comes as the World Health Organisation reports 786 new coronavirus-related deaths ...

Ellerston, Morphic look to oust Perpetual

KANIKA SOOD  |  WEDNESDAY, 18 MAR 2020
Ellerston Capital wants to take over as the responsible entity of a $75 million fund managed by Morphic Asset Management, saying it can offer investors a better deal on the fees. The Morphic Global Opportunities Fund invests in global equities and is ...

Iress swoops on UK pension researcher

HARRISON WORLEY  |  WEDNESDAY, 18 MAR 2020
Financial services software provider Iress picked up a UK-based investment and pension research software provider boasting over 2000 clients. Iress has acquired the UK's O&M Systems, an investment and pension research software provider with more than ...

ASIC drags CFS to court over MySuper

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
ASIC has commenced civil proceedings in the Federal Court against Colonial First State, alleging that it engaged in misleading communication with members. Following the introduction of legislation in 2012 that required trustees to offer members a default ...

Industry fund awards infrastructure mandate

KANIKA SOOD  |  TUESDAY, 17 MAR 2020
An industry fund has allocated about $27 million to an unlisted infrastructure fund from First Sentier, as it diversifies its portfolio. Christian Super invested €15 million (about $27.4 million) to the First Sentier European Diversified Infrastructure ...

Centuria opens new office, appoints GM

HARRISON WORLEY  |  TUESDAY, 17 MAR 2020
The ASX-listed property manager is growing its presence in the sunshine state, with a former CBRE head of asset management set to head up its new Brisbane office. Centuria Capital has appointed former CBRE head of asset management David McGuigan as ...

Afterpay coughs up $1.5m over US loans

ALLY SELBY  |  TUESDAY, 17 MAR 2020
Afterpay has settled with a California financial services regulator over allegations it was offering illegal loans in the state without a licence. The settlement with the California Department of Business Oversight (DBO) will see the 'buy now pay later' ...

Financial regulators poised for action

HARRISON WORLEY  |  MONDAY, 16 MAR 2020
Australia's financial regulators stand ready to take a range of actions to ensure the effective operation of financial markets, including the relaxation of some regulatory requirements and the acceleration of outstanding customer remediation. As ...