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Showing 2711 - 2720 of 6884 results for "Act2"

Zurich Investments to swap small caps managers

KANIKA SOOD  |  THURSDAY, 20 JUN 2019
Zurich Investments is looking for a replacement for its small caps strategy as the current manager gets ready to shut shop. The Zurich Investments Small Companies Funds has about $66 million in funds under management. It is currently managed by Sigma ...

Fee discounts harder for active ETFs

KANIKA SOOD  |  TUESDAY, 18 JUN 2019
High net worth financial advisers may be reluctant to allocate to active ETFs because of the cost benefits on offer with unlisted trusts. Active ETFs account for just $3 billion of Australia's total $47 billion invested through exchange-traded products. ...

AUSTRAC zeroes in on Afterpay

HARRISON WORLEY  |  MONDAY, 17 JUN 2019
... heat after AUSTRAC ordered an audit of the fintech's compliance with Anti-Money Laundering and Counter-Terrorism Financing Act (AML/CTF) laws. AUSTRAC said an external auditor will examine Afterpay's governance and the oversight of decisions related ...

ASIC FAR, advice industry contract

JAMIE WILLIAMSON  |  MONDAY, 17 JUN 2019
More than 1700 financial advisers have dropped off the ASIC Financial Adviser Register in less than six months. As of this month, there are 27,108 active financial advisers in Australia, Rainmaker analysis of latest ASIC FAR data shows. At its height ...

AMP Super, board slapped with licence conditions

KARREN VERGARA  |  FRIDAY, 14 JUN 2019
APRA announced this morning it is taking action on AMP's superannuation business and board, concerned they breached several areas of superannuation law. AMP Superannuation and N.M. Superannuation Proprietary, collectively known as AMP Super, were ...

LUCRF Super ups premiums for older members

KARREN VERGARA  |  THURSDAY, 13 JUN 2019
The $6.5 billion superannuation fund is "substantially" reducing premiums for younger members at the expense of members aged 50 and over. LUCRF Super is changing death and TPD, and death insurance cover from July 1 as part of the new Protecting Your ...

ASIC chases licensee over conflicted remuneration

HARRISON WORLEY  |  THURSDAY, 13 JUN 2019
In a signal of ASIC's intent, the first case concerning alleged breaches of conflicted remuneration provisions is underway in the Federal Court. The corporate regulator is seeking to declare The SMSF Club and its licensee RM Capital contravened the ...

CBA sells advice dealer group

JAMIE WILLIAMSON  |  THURSDAY, 13 JUN 2019
Commonwealth Bank is offloading its financial advice subsidiary, Count Financial. The group announced this morning is has entered into an agreement to sell the dealer group to CountPlus for $2.5 million. It will also, over time, sell its 35.9% holding ...

Fund manager hires new institutional head

ELIZABETH MCARTHUR  |  WEDNESDAY, 12 JUN 2019
An $11.7 billion investment manager has responded to increased domestic and international demand by appointing a new national manager for institutional business from AMP Capital. Ausbil's new national manager for institutional business is Camilla Skalberg ...

Liquidnet acquires fintech

KANIKA SOOD  |  FRIDAY, 7 JUN 2019
The global network for institutional investors has acquired a firm that uses natural language processing to produce predictive market analytics for investment professionals. Liquidnet has acquired Prattle, the developer of a proprietary system that ...