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Showing 2211 - 2220 of 7101 results for "June 11"

Sandon Capital acquires stake in LIC

KARREN VERGARA  |  TUESDAY, 4 JUN 2019
Activist investment manager Sandon Capital Investments has entered into an agreement to acquire a stake in a listed investment company. ASX-listed Sandon Capital is expected to acquire nearly 53 million shares in Mercantile Investment Company (MVT) ...

Dealer group strengthens executive lineup

JAMIE WILLIAMSON  |  MONDAY, 3 JUN 2019
A financial advice dealer group has appointed two new group executives to its leadership team. Centrepoint Alliance has appointed a new group executive of advice, and group executive of advice services and solutions. Paul Cullen has been named the group's ...

Prime Super drops admin fees

KARREN VERGARA  |  MONDAY, 3 JUN 2019
The $5 billion superannuation fund will no longer charge administration fees to members with less than $6000 in their account. Prime Super will cease charging admin fees in line with the Protecting Your Super changes effective 1 July 2019. Chief executive ...

Former Gold Coast adviser banned

HARRISON WORLEY  |  MONDAY, 3 JUN 2019
ASIC banned a former authorised representative of the now-defunct Austplan after clients were found to have been placed in a vulnerable financial position as a result of his advice. Gold Coast financial adviser Daniel Renneberg is banned from providing ...

Chief economist update: US recession in the offing

BENJAMIN ONG  |  MONDAY, 3 JUN 2019
"On June 10th, the United States will impose a 5% Tariff on all goods coming into our Country from Mexico, until such time as illegal migrants coming through Mexico, and into our Country, STOP. The Tariff will gradually increase until the Illegal Immigration ...

Super fund increases premiums

KARREN VERGARA  |  FRIDAY, 31 MAY 2019
A $1.5 billion superannuation fund will increase life insurance premiums as a result of the Protecting Your Super Package reforms. New and existing REI Super members will pay more for death and TPD cover from 1 July 2019. They join the ranks of AustralianSuper ...

SSGA launches four model portfolios

KARREN VERGARA  |  THURSDAY, 30 MAY 2019
State Street Global Advisors will launch a suite of multi-asset ETF model portfolios that aim to meet financial advisers' demand for low cost and easy to implement solutions. The portfolios fall into two investment strategies: State Street Risk-Based ...

Bank appoints new chair

KANIKA SOOD  |  WEDNESDAY, 29 MAY 2019
Bank of Queensland has announced a new chairman elect, with the incumbent set to retire after six years in the role. Roger Davis will retire as chair following BOQ's full year results in October 2019 and will leave the board. BOQ has appointed Patrick ...

Chief economist update: The power of one

BENJAMIN ONG  |  TUESDAY, 28 MAY 2019
"The heat is on, the heat is on, the heat is on Oh it's on the street, the heat is on..." - Glenn Frey Oh yes, Virginia, the Reserve Bank better deliver a cut in interest rates when its board meets next week (June 4) or there'll be a lot of ...

Industry fund appoints board director

KANIKA SOOD  |  MONDAY, 27 MAY 2019
A $3 billion industry superannuation fund has appointed to its board as a long-standing director retires after more than 25 years. Robyn Burns has joined the board of First Super. She will replace First Super veteran Allan Stewart who plans to stand ...