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Showing 3051 - 3060 of 8591 results for "SIM"

Calls to give ASIC power to repair reputations

ELIZA BAVIN  |  WEDNESDAY, 11 SEP 2019
A prominent lawyer has argued ASIC should be given the power to issue "no action letters" to those not under formal investigation for wrongdoing following the Royal Commission. Philip Crutchfield, QC, who previously acted for the corporate watchdog ...

Global manager wins Zurich mandate

HARRISON WORLEY  |  WEDNESDAY, 11 SEP 2019
Zurich Australia's investment arm has awarded a mandate to a $1.2 trillion global manager. Zurich Investment Management has allocated an undisclosed amount to Insight Investment's Diversified Inflation Plus Fund for its diversified strategies - including ...

The end of grandfathered commissions

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 SEP 2019
The Ending Grandfathered Conflicted Remuneration Bill 2019 was passed in the House of Representatives yesterday but the industry believes the timeline for doing so will leave Australians worse off. Passing yesterday, the legislation will see the banning ...

Vanguard launches three new active funds

KANIKA SOOD  |  TUESDAY, 10 SEP 2019
Vanguard has launched two new actively-managed, low cost equities funds managed by external managers, as it kicks off a lineup of active funds in Australia. The company has offered factor-based funds in Australia for roughly the past two years but this ...

Pinnacle boutique readies investment rejig, fee cut

KANIKA SOOD  |  TUESDAY, 10 SEP 2019
A boutique partly owned by Pinnacle Investment Management is planning to rejig its investment strategy and cut fees by 12bps for one of its funds. The Resolution Capital Core Plus Property Securities Fund - Series II currently invests predominately ...

IFM Investors executive departs

KANIKA SOOD  |  MONDAY, 9 SEP 2019
An IFM Investors executive director has left the company, five months after the company paid $493,000 to settle sexual harassment claims made against him by a former associate on his team. Frederic Michel-Verdier's last day with IFM Investors was ...

Priced out: Advice affordability at risk

ELIZABETH MCARTHUR  |  MONDAY, 9 SEP 2019
The issue of affordability is plaguing the financial advice industry, further compounded by recent action taken by both AMP and MLC Wealth. Speaking at the recent Association of Financial Advisers' National Conference, AFA general manager of policy ...

ClearView ramps up risk, compliance

ELIZABETH MCARTHUR  |  FRIDAY, 6 SEP 2019
Listed diversified financial services company ClearView appointed a new chief risk officer as it ramps up its risk management and compliance. Orla Cowan steps into the role from ANZ Global Wealth where she was head of chief investment office governance. ...

Portfolio manager departs

KANIKA SOOD  |  FRIDAY, 6 SEP 2019
The portfolio manager of a $1 billion unconstrained income fund distributed under the GSFM banner in Australia has left the fund after 17 years. Brad Boyd managed Payden & Rygel's Payden Global Income Opportunities strategy which launched in its ...

ANZ/OnePath worst performer again

KRISTI CHENG  |  WEDNESDAY, 4 SEP 2019
ANZ/OnePath has again topped the list of worst-performing super funds, according to Stockspot's Fat Cat Funds Report for 2019. Joining them at the top this year however is AMP, which now also owns 11 fat cat funds, up from three last year. Taking out ...