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Showing 2621 - 2630 of 5260 results for "SCA"

Perpetual raising $440m for credit trust

KANIKA SOOD  |  MONDAY, 25 MAR 2019
Perpetual has opened an offer to raise $150-$400 million for an actively-managed portfolio of credit and fixed income assets. The Perpetual Credit Income Trust (ASX: PCI) has met its $150 million minimum from indicative bids, the manager said. It has ...

Australian Ethical mulls Facebook divestment

ELIZABETH MCARTHUR  |  THURSDAY, 21 MAR 2019
Australian Ethical is assessing its investments in Facebook after the social media giant allowed the recent mass shootings in Christchurch to be live streamed. Australian Ethical told Financial Standard it currently holds about $8 million in Facebook ...

IOOF faces class action

KANIKA SOOD  |  MONDAY, 18 MAR 2019
The lawyer who led $300 million of claims during the Storm Financial crisis is preparing a class action against IOOF. Quinn Emanuel partner Damian Scattini said the firm will next week file a claim in the Supreme Court of New South Wales. The class ...

Super funds eye intra-fund advice shake-up

KARREN VERGARA  |  FRIDAY, 15 MAR 2019
The superannuation industry has its sights on lifting restrictions around intra-fund advice, the Conference of Major Super Funds has heard. Speaking on a panel discussing the future of advice in superannuation, Industry Funds Services (IFS) chief executive ...

Swiss group acquires stake in local wealth firm

KANIKA SOOD  |  THURSDAY, 14 MAR 2019
A Swiss private banking group has bought a 51% share in an Aussie wealth firm, as the two form a long-term strategic partnership to expand globally. EFG International paid $61.2 million for the stake in Shaw and Partners, valuing the company at $120 ...

Banks, ASIC still at war over fees-for-no-service

HARRISON WORLEY  |  TUESDAY, 12 MAR 2019
ASIC's fee-for-no-service report card shows the regulator and some financial advice licensees still have fundamentally different views on what constitutes a fee-worthy service. ASIC's fees-for-no-service further review report card has shone light on ...

ASIC scolds banks over fee-for-no-service delays

HARRISON WORLEY  |  MONDAY, 11 MAR 2019
Australia's major financial services institutions are taking too long to remediate customers over their fee-for-no-service issues and ASIC is not pleased. The corporate regulator released an update to the "further review" programs currently underway ...

Australian Unity names equity origination head

KARREN VERGARA  |  MONDAY, 11 MAR 2019
... Macquarie Group, Citi and AXA Investment Managers, as well as business development roles at 360 Capital Property Group and SCA Property Group. Pratt said the appointment will help drive continued growth, particularly in the mortgages area and healthcare ...

Why this HNW adviser avoids hedge funds

KANIKA SOOD  |  TUESDAY, 5 MAR 2019
A prominent high-net-worth financial adviser is aiming to have 7-10% of his clients' portfolios in alternatives as the markets mature but he's eschewing hedge funds and picking private assets instead. Charlie Viola is a partner at Pitcher Partners where ...

Angel investor makes first Australian bet

KANIKA SOOD  |  FRIDAY, 1 MAR 2019
An angel investing group that invests in private companies led by LGBT founders has made its first Australian investment, ahead of the Sydney Mardi Gras this weekend. Gaingels invested $150,000 in sugar-free beverage company Nexba, which is based in ...