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Showing 3191 - 3200 of 5260 results for "SCA"

Valuation dispersion creating opportunity for instos to retilt

MARK SMITH  |  TUESDAY, 27 SEP 2016
The dispersion in valuations between the cheapest and the most expensive stocks is the widest it has been at any point since the dotcom boom, according to the founder of global asset manager Pzena Investment Management. The most expensive quintile of ...

Former Westpac adviser banned

JAMIE WILLIAMSON  |  TUESDAY, 27 SEP 2016
ASIC has banned a former Westpac adviser from providing financial services for four years. Michael Mahoney of Adelaide has been disqualified after an ASIC investigation found that he engaged in misleading and deceptive conduct during his time as a Westpac ...

Federal Court approves OneVue merger arrangement

ALEX BURKE  |  TUESDAY, 27 SEP 2016
The Federal Court has made orders approving the scheme of arrangement between OneVue and Diversa. As a result, Diversa has submitted the orders to ASIC, meaning the merger scheme is now legally effective. At the close of trading today, Diversa's shares ...

NGS cuts ties with CommInsure

JAMIE WILLIAMSON  |  TUESDAY, 27 SEP 2016
NGS Super has terminated its longstanding partnership with CommInsure, awarding the mandate for its insurance offering to a rival life company. Following an in-depth tender process, the mandate has been secured by TAL; ending NGS's 28 year relationship ...

IRESS acquires super software provider

KERRIE SYDEE  |  MONDAY, 26 SEP 2016
IRESS has entered an agreement to acquire an established Australian superannuation software business for a total purchase price of up to $90 million. The agreement will see IRESS acquire Financial Synergy, with the transaction expected to be complete ...

Axsesstoday completes $20m bond issue

KERRIE SYDEE  |  FRIDAY, 23 SEP 2016
Axsesstoday has completed a $20 million bond issue as part of a debt diversification plan and to fund growth of the company's underlying equipment financing business. Arranged by FIIG Securities, the $20 million note issue will be combined to form a ...

Asset owners, managers not prepped for blockchain

JAMIE WILLIAMSON  |  FRIDAY, 23 SEP 2016
A survey by State Street has found that while 65% of APAC asset owners and managers expect blockchain technology to be widely adopted in the next five years, only 33% of participants actually have blockchain initiatives underway at present to support ...

State Street partners with blockchain startup

JAMIE WILLIAMSON  |  TUESDAY, 20 SEP 2016
State Street has teamed up with a blockchain provider in order to offer more transparent, timely and auditable means of reporting. The investment manager has engaged Silicon Valley-based PeerNova to develop a program via its Cuneiform platform aimed ...

Life Insurer Code of Practice falls short: AFA

KERRIE SYDEE  |  TUESDAY, 20 SEP 2016
The Association of Financial Advisers (AFA) has called for 'substantial improvements' to be made to the draft Life Insurer Code of Practice and is willing to see implementation delayed to ensure improvements are made. The call to the Financial Services ...

Super inefficiencies coming to the fore

DARREN SNYDER  |  TUESDAY, 20 SEP 2016
Blunt messages are being sent to the Productivity Commission as it prepares to conduct its comprehensive review of superannuation's competitiveness and efficiency. Responding to the Commission's recent draft measurement framework, the Australian Centre ...