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Showing 271 - 280 of 3288 results for "Above"

Sequoia chief learns his fate at EGM

ELIZA BAVIN  |  THURSDAY, 6 JUN 2024
... Takeovers Panel the shareholders purchased additional shares in the company resulting in an increase in collective voting power above 20% which breached Corporations Act section 606. The stoush was made messier by Jones and Glennon hoping to elect Brent ...

Recession signs: Economic growth has 'ground to a halt'

ELIZA BAVIN  |  THURSDAY, 6 JUN 2024
... slowdown in GDP growth was "by design, not default" as the economy was running hot coming out of the pandemic and operating above its capacity. "But that picture has changed. More specifically, we believe the positive output gap has now closed and a ...

ASIC cancels AFSL of XTrade

ELIZA BAVIN  |  THURSDAY, 6 JUN 2024
... that financial services were provided efficiently, honestly and fairly. ASIC also determined XTrade put its own interests above those of its clients and did not act in good faith. Further, ASIC found that XTrade failed to prevent its representatives ...

Inflation debate: Older Australians accused of driving crisis

JAMIE WILLIAMSON  |  WEDNESDAY, 5 JUN 2024
... while those aged under 65 years have reduced their spending, those aged 65 and over have increased their spending over and above inflation. "I understand that there is a younger cohort that in real terms is cutting back their expenditure, but the fact ...

Higher-for-longer rates dominate adviser conversations

KARREN VERGARA  |  TUESDAY, 4 JUN 2024
... 2025, clients will pay an additional 15% in tax on earnings corresponding to the portion of their superannuation balance above $3 million," he said. "While the tax is not yet law, many advisers have been on the front foot and have already discussed this ...

Former Life Plan FP adviser cops ban

KARREN VERGARA  |  FRIDAY, 24 MAY 2024
... investigation. ASIC found he failed to provide advice that was appropriate to clients, did not prioritise the interest of clients above his own or that of his AFS Licensee. Nabi also gave clients a disclosure statement that contained misleading or deceptive ...

Industry fund merger postponed

ANDREW MCKEAN  |  TUESDAY, 21 MAY 2024
... 16 stages to three - high growth for those under age 50, growth for those aged 50-54, and balanced for those aged 55 and above. The fund also introduced two new pre-mixed investment options - moderate and defensive - while closing the term deposit investment ...

Fidelity shutters, delists funds

KARREN VERGARA  |  TUESDAY, 21 MAY 2024
... fund was valued at about $186.50 million and returned 8.95% p.a., nearly in line with its benchmark's 9.07 % p.a. "The above change will not result in any change to the investment approach, objective or benchmark of the Fund. The Fund's current ...

Loomis Sayles brings global bond fund to Australia

ANDREW MCKEAN  |  MONDAY, 20 MAY 2024
... mirrors the Loomis Sayles Global Aggregate Bond (AUD hedged) composite, which has achieved a net return of 1.06% per annum above its benchmark, the Bloomberg Global Aggregate Index, hedged to AUD, since its inception in 1998. The fund is jointly managed ...

Sequoia seeks Takeovers Panel intervention

KARREN VERGARA  |  FRIDAY, 17 MAY 2024
... Takeovers Panel that the shareholders purchased additional Sequoia shares resulting in increases in collective voting power above 20% in the company and breaches Corporations Act section 606. While Sequoia is not seeking interim orders, the panel said ...