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Showing 2941 - 2950 of 10361 results for "Close"

Macquarie Group raising $1bn

KANIKA SOOD  |  WEDNESDAY, 28 AUG 2019
... volume weighted average price (VWAP) of Macquarie shares the five trading days immediately before and including the SPP close date. "[The raise] follows recent net capital investments across most regions, primarily by Macquarie Capital in the renewables ...

ASIC clamps down on poor advice, grandfathered commissions

KARREN VERGARA  |  WEDNESDAY, 28 AUG 2019
ASIC warned it will clamp down on financial advice misconduct and ensure it sees an end to grandfathered commissions. The corporate watchdog outlined its priorities for the advice sector between now and 2023 in its recently released Corporate Plan. ...

Treasurer moves on broker remuneration

ELIZABETH MCARTHUR  |  TUESDAY, 27 AUG 2019
... and competition in the home loan market. Mortgage brokers have a strong presence in the home loan market accounting for close to 60 % of home loans," Frydenberg said in a statement. "The implementation of the best interests duty will bring the law in ...

Link Group offloads share registry

ELIZABETH MCARTHUR  |  TUESDAY, 27 AUG 2019
ASX listed Link Group will sell its 74.85% stake in a share registry for $21.5 million. The holding in share registry Link Market Services South Africa (LMS South Africa) will be sold to JSE Limited. Link managing director John McMurtrie said: "JSE ...

Climate policy more than divesting: UniSuper

HARRISON WORLEY  |  TUESDAY, 27 AUG 2019
Discussing the impact of climate change on super funds at the FSC Summit this morning, UniSuper chief investment officer John Pearce has said simply divesting certain holdings is not an effective strategy. Appearing on a panel discussing the investment ...

Down but not out: Top advisers adapt

ELIZABETH MCARTHUR  |  MONDAY, 26 AUG 2019
... ASIC's Financial Adviser Register (FAR) paint a telling picture of the state of Australia's financial advice sector, with close to 3000 advisers dropping out of the industry since February. According to Rainmaker analysis, the official number of active ...

Chief economist update: Trump should read Frank

BENJAMIN ONG  |  MONDAY, 26 AUG 2019
... Houston, we have a problem - a gigantic one! Talk about spoiling everybody's weekend. Wall Street fell sharply at the close of last week's trading. Was it due to disappointment over US Fed chair Jerome Powell's much-anticipated words at Jackson ...

Perpetual in acquisition mode

KANIKA SOOD  |  FRIDAY, 23 AUG 2019
... for new managers across all styles of investing. "I wish I could be more prescriptive on the timeline. We have come quite close acquiring one or two firms in the past six months but we don't want to feel rushed into it," he said. Pzena Investment ...

M&G sets up shop down under

KRISTI CHENG  |  THURSDAY, 22 AUG 2019
London-headquartered M&G Investments opened the doors to its first Australian offices. The new offices, in Sydney and Melbourne, are a natural extension of the real estate manager's existing footprint in Australia, M&G global head of real estate Tony ...

Complex retirement system requires simplicity: Report

KARREN VERGARA  |  WEDNESDAY, 21 AUG 2019
... efficiency," the report said. The Institute noted the lack of government coordination should be addressed as this would help close the gaps in the retirement system. A dedicated coordinating body, with representatives from the departments of Aged Care ...