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Showing 2691 - 2700 of 7163 results for "June 1990"

Blockchain saving mutual funds US$2.6bn

KARREN VERGARA  |  FRIDAY, 23 FEB 2018
Switching to blockchain infrastructure can save the mutual funds industry US$2.6 billion in back office costs, latest Calastone research shows. The study, which surveyed 234 global mutual funds, measured the economic impact of blockchain and automation. ...

Chief economist update: As luck would have it

BENJAMIN ONG  |  FRIDAY, 23 FEB 2018
Raised volatility on Wall Street, North Korea, American protectionism, stagnant wages growth and high household debt levels, rising electricity prices and still elevated property prices - and more recently, Barnaby Joyce - these are a few of (not my ...

Former Charter adviser receives permanent ban

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2018
A former Charter Financial Planning adviser is permanently banned for dishonestly charging clients more than $65,000 in fees. ASIC has banned Brenton John Poynter of Baulkham Hills in NSW from providing financial services after an investigation found ...

Vertically aligned institutions pay $21.4m compensation

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2018
ASIC said clients of the big four banks and AMP who received non-compliant financial advice will be compensated a further $21.4 million. This adds to the $30 million compensation bill ASIC announced in March 2017 after it investigated how large institutions ...

J.P. Morgan renews industry fund custody mandate

KARREN VERGARA  |  MONDAY, 19 FEB 2018
An $11 billion industry superannuation fund reappointed J.P. Morgan as its custodian for another three-year term. LGIAsuper said it renewed the custody relationship with J.P. Morgan based on a trusted partnership, particularly as it transitions to a ...

Industry fund chief executive departs

JAMIE WILLIAMSON  |  WEDNESDAY, 14 FEB 2018
The long-standing chief executive of an $8.8 billion industry fund has resigned. NGS Super announced Anthony Rodwell-Ball tendered his resignation at the end of 2017, and his time with the fund will finish on 31 March 2018. He will be replaced by general ...

Industry fund flags further fee cuts

KARREN VERGARA  |  TUESDAY, 13 FEB 2018
A $14 billion industry super fund is flagging further fee reductions from July 1 and to become one of the lowest-cost funds in Australia. Following its merger with Rio Tinto Staff Superannuation Fund on 1 July 2017, Equipsuper reports "better than expected ...

ClearView issues refunds over life sales misconduct

JAMIE WILLIAMSON  |  TUESDAY, 6 FEB 2018
ClearView has stopped selling life insurance direct to consumers and will refund $1.5 million to thousands of customers as a result of poor sales practices. An ASIC review found ClearView staff used unfair and high pressure sales tactics when selling ...

Chief economist update: Wall Street wails on inflation indications

BENJAMIN ONG  |  MONDAY, 5 FEB 2018
"Be careful what you wish for." It's a well-known truism in the current economic cycle that the world's major central banks (the BOE excluded) have been wishin' and hopin' and thinkin' and prayin' for inflation to climb to their target rates. It appears ...

Unlisted infrastructure assets hit record high

KARREN VERGARA  |  THURSDAY, 1 FEB 2018
The global unlisted infrastructure industry is now three times the size of its GFC levels, hitting a record high of US$418 billion in assets under management, latest Preqin research shows. The year to June 2017 saw a record number of deals take place ...