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Showing 2161 - 2170 of 7104 results for "June 2023"

CommSec fixes faulty statements

KANIKA SOOD  |  FRIDAY, 19 JUL 2019
CommSec has identified issues in statements it sent to customers holding exchange traded options through its platform and is fixing them. CommSec made the first batch of changes to ETO statements in October last year and has a pipeline of future work ...

Portfolio manager caught out faking returns

KANIKA SOOD  |  FRIDAY, 19 JUL 2019
A portfolio manager artificially inflated a fund's returns and collected a large bonus on the back of it, the US corporate regulator alleged. New Jersey-based portfolio manager and trader Swapnil Rege was employed by a company referred to as Fund Adviser ...

Mercer unveils best-performing Aussie equity funds

KARREN VERGARA  |  FRIDAY, 19 JUL 2019
Mercer has named the top-performing Australian equities funds for the 2019 financial year. Mercer's latest Investment Survey found Martin Currie's Australia Real Income strategy delivered 18.8% in the year to June 2019. BlackRock Equitised Long ...

CPA, CAANZ designations approved

KANIKA SOOD  |  THURSDAY, 18 JUL 2019
Chartered accountants and CPAs will now be able to claim credits for prior learning towards meeting the FASEA education standards for financial advisers. The Financial Adviser Standard and Ethics Authority will approve one credit for advisers who have ...

HUB24 launches white label SMA

KARREN VERGARA  |  TUESDAY, 16 JUL 2019
HUB24 has partnered with a fund manager with more than $2 billion in assets under a managed account structure to launch a new SMA solution. Elston Asset Management, a subsidiary of financial services firm Elston, has launched a private label SMA on ...

Perpetual Investments leaks $1.1bn

KANIKA SOOD  |  TUESDAY, 16 JUL 2019
Perpetual's funds management business reported net outflows of $1.1 billion for the three months to June, with its Australian equities strategies taking the hardest blow. The value manager's Australian equities strategies recorded a net outflow of $1.2 ...

FASEA exam was fair: Poll

KARREN VERGARA  |  TUESDAY, 16 JUL 2019
Less than a third of the financial advisers surveyed in Financial Standard 's spot poll found the inaugural FASEA exam questions difficult, while the majority said it was reasonable. Less than half (44%) of the survey participants said the questions ...

JP Morgan-linked ship in US $1bn drug bust

KANIKA SOOD  |  MONDAY, 15 JUL 2019
A large container ship being linked to J.P. Morgan Asset Management has been the subject of a US $1 billion cocaine bust in the United States. The ship, MSC Gayane, is owned by a fund run by JP Morgan's asset management unit, according to CNN Business. ...

Government reduces deeming rates

KARREN VERGARA  |  MONDAY, 15 JUL 2019
The Federal Government has announced changes to deeming rates, a move welcomed by over 600,000 age pensioners. The Department of Human Services (DHS) will backdate deeming rates from 1 July 2019. The lower deemed rate will drop from 1.75% to 1%, while ...

Managed investment scheme operator AFSL canned

ELIZABETH MCARTHUR  |  FRIDAY, 12 JUL 2019
The Australian financial services licence of a Sydney-based managed investment scheme operator was cancelled by ASIC. The corporate regulator cancelled the licence of Australian Mutual, which operated a number of investment schemes. The cancellation ...