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Showing 251 - 260 of 632 results for "Fire"

Platform providers crack S&P/ASX 300

KANIKA SOOD  |  FRIDAY, 7 SEP 2018
Two platform providers have slid into the S&P/ASX 300 after the index provider executed a quarterly rebalance of its Australian indices at the close of reporting season. Praemium and HUB24 are now both in the S&P/ASX 300 which represents the largest ...

ASIC defends enforceable undertakings at Royal Commission

KANIKA SOOD  |  FRIDAY, 17 AUG 2018
ASIC's favourite method of tackling misconduct came under fire as the Royal Commission capped off its round of superannuation hearings on Friday. First up was Tim Mullaly, a senior executive leader in ASIC's financial services enforcement division. ...

NAB complicated plan service fee issue: Royal Commission

HARRISON WORLEY  |  MONDAY, 13 AUG 2018
NAB Wealth failed to make its plan service fee issue easy to solve, the Royal Commission heard today. Counsel assisting Michael Hodge suggested to NAB chief customer officer and former group executive of NAB Wealth Andrew Hagger that the bank's ...

BNY Mellon partners for new fund, eyes Aussie retail market

KANIKA SOOD  |  FRIDAY, 10 AUG 2018
The global banking giant has partnered with multi-affiliate boutique manager Pinnacle to launch a new Australian-domiciled global infrastructure fund, as it eyes the retail and adviser market. The Pinnacle BNY Mellon Global Infrastructure Yield Fund ...

Chief economist update: Do nothing RBA

BENJAMIN ONG  |  TUESDAY, 7 AUG 2018
If all goes according to expectations, today's Reserve Bank of Australia (RBA) Board meeting will mark one-month and two years (25 months) that the country's cash rate had been stuck at a record low 1.50%, and the longest stretch of unchanged ...

Productivity Commission proposes more changes to financial advice

KARREN VERGARA  |  MONDAY, 6 AUG 2018
The financial advice industry is bracing itself for more proposed changes to approved product lists (APLs), remuneration and terminology following the Productivity Commission's inquiry into the state of competition in Australia's financial system. ...

Pinnacle splashes $50m on acquisitions

KANIKA SOOD  |  TUESDAY, 24 JUL 2018
Pinnacle Investment Management is acquiring a 40% equity stake in a Melbourne boutique founded by former Vanguard executives and is powering towards another acquisition. The multi-boutique manager is paying $4 million for a 40% equity stake in Omega ...

Chief economist update: Australian dollar loss is economy's gain

BENJAMIN ONG  |  THURSDAY, 12 JUL 2018
... shadow RBA Board) proposes - a rate hike. But I guess this is the lesser of two evils. A rate reduction would re-ignite the fire of already high household debt levels - the latest stats from the Australian Bureau of Statistics (ABS) show that household ...

Chief economist update: Friday when the trade war began

BENJAMIN ONG  |  MONDAY, 9 JUL 2018
Shots fired! Shots fired! The threat of a trade war became real on 6 July 2018, when at exactly 12:01 am (NY time), the US imposed a 25% tariff on US$34 billion of Chinese imports to which China immediately responded with a percent-for-percent and dollar-for-dollar ...

VanEck ETF receives ethical tick

KARREN VERGARA  |  MONDAY, 2 JUL 2018
A VanEck ETF has been given one of the highest ethical ratings by the Responsible Investment Association Australasia (RIAA). VanEck's MSCI International Sustainable Equity ETF (ESGI) was certified 'ethical' by RIAA according to the strict ...