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Showing 2571 - 2580 of 8591 results for "SIM"

Kapstream restructures investment team

KANIKA SOOD  |  WEDNESDAY, 15 JUL 2020
Kapstream Capital has made its head of credit redundant as it aims for a flatter team structure, while also hiring a new credit-focussed portfolio manager. Raymond Lee, who spent nearly a decade at Kapstream and previously managed money for Lachlan ...

Pendal winds back fees

KANIKA SOOD  |  TUESDAY, 14 JUL 2020
Pendal Group has made year-long fee cuts on two funds, as it sees the Reserve Bank of Australia holding the cash rate at the record-low of 0.25%. The Pendal Managed Cash Fund will go from charging 22bps per year to 12bps, while the Pendal Stable Cash ...

Westpac names chief financial officer

ELIZA BAVIN  |  TUESDAY, 14 JUL 2020
Westpac has today announced a new chief financial officer, hiring from KPMG. Westpac chief executive Peter King announced Michael Rowland will be taking on the position, subject to regulatory approval. King said Rowland brings deep experience across ...

ATO extends WFH deductions

ALLY SELBY  |  MONDAY, 13 JUL 2020
Australians will be able to claim 80 cents for every hour they worked at home due to COVID-19, with the ATO extending the simplified tax deduction method until September 30. Taxpayers will only be required to keep a record of the hours they worked from ...

APRA funds can learn from SMSFs: Rice Warner

ELIZA BAVIN  |  FRIDAY, 10 JUL 2020
Self-managed super funds have the edge over their APRA-regulated counterparts, according to insights from Rice Warner. Rice Warner said SMSFs cater well for retirees as their structures are more sensible and allow retirees to manage their finances properly. ...

Capital raisings, trading volumes up in June

ALLY SELBY  |  THURSDAY, 9 JUL 2020
Capital raisings by ASX-listed companies increased 256% to nearly $26 billion during June, as they cashed up to weather the economic crisis. The ASX's monthly activity report for June revealed initial capital was up 815% at $16.5 billion compared to ...

Cbus, Media Super start due diligence

KANIKA SOOD  |  THURSDAY, 9 JUL 2020
The $54 billion Cbus Super and $6 billion Media Super have signed a memorandum of understanding and will commence due diligence. The two industry funds are aiming for the joint agreement to be in operation in 2021, conditional on due diligence to establish ...

Financial institution charged over Epstein scandal

ELIZA BAVIN  |  THURSDAY, 9 JUL 2020
The US Department of Financial Services (DFS) has hit Deutsche Bank with a US$150 million penalty for the bank's relationship with disgraced financier Jeffrey Epstein. This marks the first enforcement action by a regulator against a financial institution ...

Sequoia acquires advice firm

ALLY SELBY  |  WEDNESDAY, 8 JUL 2020
Sequoia Financial Group has entered into a purchase of assets agreement with financial advice firm Total Cover Australia, through the company's subsidiary InterPrac Securities. It is the fourth acquisition of a retiring InterPrac adviser's portfolio ...

Experts battle for GST reform

ALLY SELBY  |  TUESDAY, 7 JUL 2020
A Monash University lecturer has pushed the case for a GST holiday, which he argues is the most effective way to generate "maximum economic bang for the government's buck". In an opinion piece for The Conversation, economics lecturer Isaac Gross argued ...