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Showing 3121 - 3130 of 9740 results for "Major"

CBA denies majority of latest AUSTRAC allegations

KARREN VERGARA  |  FRIDAY, 23 FEB 2018
CBA said it denies most of the additional 100 anti-money laundering and counter-terrorism financing allegations handed down from AUSTRAC last December. In its submission to the Federal Court, CBA said it "denies 89 allegations in full and admits 11 ...

Blockchain saving mutual funds US$2.6bn

KARREN VERGARA  |  FRIDAY, 23 FEB 2018
Switching to blockchain infrastructure can save the mutual funds industry US$2.6 billion in back office costs, latest Calastone research shows. The study, which surveyed 234 global mutual funds, measured the economic impact of blockchain and automation. ...

Bell FG flags US expansion

KARREN VERGARA  |  THURSDAY, 22 FEB 2018
ASX-listed Bell Financial Group announced a strong full-year performance and flagged it is close to opening a US office. The stockbroking, investment and financial advisory firm's funds under advice, comprising cash, fixed income, superannuation, margin ...

Industry fund revamps executive lineup

JAMIE WILLIAMSON  |  MONDAY, 19 FEB 2018
... digital capabilities and member services over the past year and it will be extremely valuable to add Tania's experience within major customer-focused enterprises to our leadership team," Equip chief executive Nick Vamvakas said. "While we have built ...

Institutions suffer financial adviser drain

ALEX BURKE  |  MONDAY, 19 FEB 2018
About one in 10 financial advisers swapped their licensee in 2016-17 - and 56% of these either stayed in or migrated to non-institutional options, according to Rainmaker research. Another third of those 2100 advisers migrated to institutional licensees ...

Pension fund and bank terminate asset manager

JAMIE WILLIAMSON  |  FRIDAY, 16 FEB 2018
A UK pension fund and its parent bank have terminated about $200 billion in respective mandates with a major global asset manager. Scottish Widows and Lloyds Banking Group's wealth businesses have given Standard Life Aberdeen notice to terminate their ...

IFAs tackling bank-owned competitors head on

KARREN VERGARA  |  FRIDAY, 16 FEB 2018
Research shows independent financial advisers (IFAs) do not feel threatened by their bank-owned counterparts and are willing to take the competition head on. According to GlobalData's 2017 IFA survey, only a handful of IFAs perceive competition from ...

Actuaries Institute names chief executive

KARREN VERGARA  |  FRIDAY, 16 FEB 2018
... since August 2013, before taking on the interim chief executive role. Her experience spans more than 20 years, working for major local and international consulting firms and insurers such as EY and IAG. Bell joined the institute in 2014, replacing outgoing ...

Chief economist update: The yen's on the up and up

BENJAMIN ONG  |  FRIDAY, 16 FEB 2018
... and eases upward pressure on the yen. Only low inflation - headline at 1% in December and core at 0.9% - remains Japan's major challenge. A continued yen appreciation won't help. Ben Ong is the Director of Economics and Investments at Rainmaker Group. ...

AMP cuts fees for new wholesale fund suite

ALEX BURKE  |  THURSDAY, 15 FEB 2018
... capability in infrastructure and real estate investment has driven record external cashflows into AMP Capital, including a major contribution from one of our Chinese partnerships, China Life AMP Asset Management," Meller said.