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Showing 2881 - 2890 of 7106 results for "June 2023"

IMF Bentham taps debt markets

EMMA RAPAPORT  |  THURSDAY, 6 APR 2017
Litigation funder IMF Bentham Limited is pushing ahead with an ongoing capital management strategy with the issue of a $40 million follow on bond. The issue was oversubscribed from the minimum issue size of $18 million. Completion of the $30 million ...

MAX Awards launch Financial Literacy Campaign of the Year

MICHELLE BALTAZAR  |  THURSDAY, 6 APR 2017
This year's MAX Awards will feature a new category - the Financial Literacy Campaign of the Year - to recognise the crucial role the industry plays in furthering wealth education. The introduction of the new category coincides with the 25th anniversary ...

ASIC wins first court action for FoFA breaches

EMMA RAPAPORT  |  WEDNESDAY, 5 APR 2017
Corporate regulator ASIC successfully brought its first action against a licensee for breach of the Future of Financial Advice reforms in the Federal Court. Melbourne-based financial advice firm NSG Services (NSG) was found by the court to have breached ...

Deadline looming for adviser tax registration

KARREN VERGARA  |  WEDNESDAY, 29 MAR 2017
Advisers are urged to register with the Tax Practitioners Board (TPB) or else risk operating illegally, warns a member. TPB director and financial planner Julie Berry told industry colleagues at a recent conference that if they have not yet registered ...

Global healing

BENJAMIN ONG  |  TUESDAY, 28 MAR 2017
It could have been triggered by anything imaginable under the sun, but the financial markets' correction - due to Trump's repeal/replace Obamacare failure - should be seen as that, one that "corrects" overvalued levels that have run ahead of fundamentals. ...

BTFG chief investment officer exits

KARREN VERGARA  |  MONDAY, 27 MAR 2017
BT Financial Group confirmed its chief investment officer left the company "effective immediately." Martyn Wild has been disciplined for breaching codes of conduct arising from a number of recent allegations, parent company Westpac Group said in a statement. ...

Former adviser cops ASIC reprimand

JAMIE WILLIAMSON  |  FRIDAY, 24 MAR 2017
A former Macquarie Equities Limited adviser agreed to not provide financial services for four years as part of an enforceable undertaking by ASIC. The regulator determined that Anthony Wilson had failed to comply with financial services laws between ...

CommInsure cleared of medical misconduct

ALEX BURKE  |  THURSDAY, 23 MAR 2017
ASIC's investigation into CommInsure found no evidence of claims managers applying pressure on medical staff to change assessments, although the regulator said claims handling fell short of community expectations. CommInsure employees have been accused ...

Managed accounts continue rapid surge

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAR 2017
The managed accounts sector now equates to about 7% of the $600 billion in funds under administration across platforms and wraps in Australia. That is the key finding of the Institute of Managed Account Professionals' (IMAP) latest Managed Accounts ...

Price-pressured

BENJAMIN ONG  |  WEDNESDAY, 22 MAR 2017
The latest inflation stats out of the UK gave additional credence to BOE monetary policy committee member Kristin Forbes' dissent - she "considered it appropriate to increase Bank Rate by 25 basis points" -- at the March meeting. Along with the low ...