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Showing 2611 - 2620 of 8775 results for "SIM"

Goldman Sachs appoints Australian chair

ELIZABETH MCARTHUR  |  WEDNESDAY, 30 SEP 2020
Christian Johnston will become the new chair of Goldman Sachs in Australia and New Zealand. According to an internal memo, Johnston will be focussed on deepening and strengthening the investment bank's relationships in Australia and New Zealand. "He ...

Pension funds sue Allianz Global Investors

KARREN VERGARA  |  TUESDAY, 29 SEP 2020
Several pension funds are suing hedge funds managed by Allianz Global Investors for allegedly engaging in risk-taking behaviour and losing billions of dollars in retirement savings. The Arkansas Teacher Retirement System (ATRS) was the first pension ...

ETFs undermine product comparison: Research

KARREN VERGARA  |  TUESDAY, 29 SEP 2020
The proliferation of products in the booming exchange-traded funds market is confusing investors and making it impossible to make like-for-like comparisons. New research from the US shows the exchange-traded product industry operates opaquely on many ...

Mawhinney lashes out at regulator

ELIZABETH MCARTHUR  |  TUESDAY, 29 SEP 2020
Mayfair 101 founder James Mawhinney has accused ASIC of a witch hunt, saying a provisional liquidators' report proves M101 Nominees had no "smoking gun" - but the report actually refers to the company's business model as unsustainable. A provisional ...

IRESS caves in, ups OneVue bid

KANIKA SOOD  |  MONDAY, 28 SEP 2020
Nearly four months after IRESS bid to acquire OneVue for 40 cents a share, it has finally upped the price to 43 cents in a final offer. The new 43 cents per share is a 7.5% increase from IRESS's June 1 offer and comes ahead of OVH shareholders' ...

Group risk inflows fall 15%

ALLY SELBY  |  MONDAY, 28 SEP 2020
New research from actuary Plan For Life has found that overall group risk premium inflows fell 15% over the 12 months to June, with fresh legislation to blame. This includes the 'Protecting Your Super' legislation, which came into effect on 1 July 2019 ...

Six Park, Rollit Wealth announce partnership

ALLY SELBY  |  MONDAY, 28 SEP 2020
Rollit Wealth has announced a new partnership with Six Park, set to help its members gain greater visibility across their investments. The partnership, which will also provide a low-cost solution for those looking to invest in the share market, would ...

More clarity on life insurance best interest duty needed: Research

ELIZA BAVIN  |  FRIDAY, 25 SEP 2020
An Actuaries Institute Taskforce has made sweeping recommendations for broad changes to Australia's retail disability income insurance market, including providing examples of Best Interest Duty in life insurance. The report said ASIC included in ...

Responsible lending laws to be revoked

ANNABELLE DICKSON  |  FRIDAY, 25 SEP 2020
The government has announced a raft of reforms to reduce barriers to Australia's credit framework as a means to boost the economy. The reforms will remove the responsible lending obligations from the National Consumer Credit Protection Act 2009 aiming ...

ASIC cleans up 'cash plus' funds

KANIKA SOOD  |  WEDNESDAY, 23 SEP 2020
ASIC found 14 'cash' funds with $7 billion in assets had confusing or inappropriate labelling, resulting in changes to names, asset allocations or in one case, even a closure. The corporate regulator found some funds that labelled themselves as 'cash ...