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Showing 2891 - 2900 of 19576 results for "Ban"

Rest closes basic cash option

KANIKA SOOD  |  WEDNESDAY, 4 AUG 2021
The industry fund will close its basic cash option on August 13, as it sees returns dry up. The option invested in cash securities that have a maximum maturity of three months. It aimed to match the return of the one-month Australian Bank Bill rate ...

BNK partners with Goldman Sachs

KANIKA SOOD  |  WEDNESDAY, 4 AUG 2021
The ASX-listed BNK will originate, fund and securitise specialist mortgages with Goldman Sachs. The two have signed a binding definitive agreement for an uncommitted $500 million residential mortgage warehouse funded by Goldman Sachs. BNK will act as ...

Australia's first Filecoin fund launches

ELIZABETH MCARTHUR  |  WEDNESDAY, 4 AUG 2021
Holon Global Investments has launched the Holon Wholesale Filecoin Fund, allowing investors exposure to a different kind of digital asset. The fund is seeking to raise $25 million over three months and will not charge a management fee. Filecoin was ...

Former Millennium3 representatives cop ban

KARREN VERGARA  |  TUESDAY, 3 AUG 2021
Two directors of North Coast Financial Services, a former authorised representative of Millennium3, have copped a ban from the corporate regulator. Timothy William Parry and Damian Garnet Price are forbidden to control a financial services business ...

Financial Masterplan advisers banned

ANNABELLE DICKSON  |  TUESDAY, 3 AUG 2021
ASIC banned two Gold Coast-based financial advisers for five years after they were found to have placed clients in inappropriate superannuation and insurance products. The corporate regulator believes Trent Allan and Fabrizio Urrutia were not adequately ...

AMP hires in support of advisers, brokers

ELIZABETH MCARTHUR  |  TUESDAY, 3 AUG 2021
AMP Bank has appointed Paul Herbert as head of intermediary distribution and governance. The appointment is aimed at bolstering distribution and governance support for AMP's brokers and financial advisers. Herbert was previously head of lending distribution ...

RI Advice failed oversight obligations: Court

KARREN VERGARA  |  MONDAY, 2 AUG 2021
The Federal Court found that RI Advice Group's failure to provide rigorous oversight over a former financial adviser resulted in bad advice to consumer detriment. The court said the licensee failed to take reasonable steps to ensure that its former ...

Super, fund manager ASX dominance launches inquiry

KARREN VERGARA  |  MONDAY, 2 AUG 2021
Member of Parliament Tim Wilson will lead the charge to determine if big super's domination over the Australian sharemarket is stifling competition. This morning, the House of Representatives Standing Committee on Economics announced the launch ...

Economic recap: Week to July 30

BENJAMIN ONG  |  MONDAY, 2 AUG 2021
The Delta variant outbreak continues to dominate headlines in Australia. Cases of infections in the states of Victoria and South Australia were brought under control and restrictions eased. However, the outbreak in Greater Sydney continued to worsened ...

Milford adds to team

KANIKA SOOD  |  FRIDAY, 30 JUL 2021
The $13 billion Trans-Tasman boutique had added two to its Australian distribution team, hiring from Macquarie and Bennelong Funds Management. Matt Bills has joined as Milford Asset Management as the regional manager for Victoria, South Australia and ...