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Showing 3251 - 3260 of 10361 results for "Close"

Hayne admonishes ASIC

KARREN VERGARA  |  FRIDAY, 28 SEP 2018
Commissioner Kenneth Hayne criticised ASIC's negotiation strategies and tardiness in remediating misconduct that can take years to resolve and for its inability to prevent future breaches. In his interim report Hayne disapproved of ASIC's preferred ...

Labor proposes RC implementation task force

KANIKA SOOD  |  FRIDAY, 28 SEP 2018
... would be surprising if the final recommendation will be something they won't be able to recommend. She said there is a close relationship between the corporate regulator and the banking sector which causes the misconduct.

ASIC outlines code monitoring expectations

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
The corporate regulator released guidance on the new code of ethics compliance schemes for financial advisers. The new Regulatory Guide 269 outlines the process and criteria ASIC will use in determining whether to approve a compliance scheme, as well ...

Blue Sky refunds $4.1m overcharge

KARREN VERGARA  |  FRIDAY, 28 SEP 2018
... annual admin expenses. Blue Sky told the ASX it was in the process of rectifying related third-party fees allocated to its close-end managed funds. This excludes any impact on institutional mandates or funds that include the Strategic Australian Agriculture ...

BT Financial Group divests Ascalon

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
BT Financial Group is offloading Ascalon Capital Managers to an ASX-listed financial services firm. Westpac has entered into an agreement that will see ownership of the funds management business transition to Generation Development Group, formerly known ...

Boutique manager expands research team

KANIKA SOOD  |  THURSDAY, 27 SEP 2018
... from J.P. Morgan. Alexander Ordon was J.P. Morgan's regional sales manager for NSW, QLD and ACT. The boutique in now close to having raised $100 million. At August end, the strategu had a total of $86 million. This FUM is held in wholesale individually ...

Pension fund awards custody mandate

HARRISON WORLEY  |  THURSDAY, 27 SEP 2018
... an increasingly complex market environment." Earlier this week BNY Mellon's investment management arm announced it would close fund management subsidiary EACM Advisors. The Connecticut based multi-manager will cease to operate as a standalone business ...

Industry fund announces new leadership

JAMIE WILLIAMSON  |  THURSDAY, 27 SEP 2018
... chief Anthony Rodwell-Ball retired. Wright is NGS Super's second female chief executive and has worked at the super fund for close to two decades. Prior to assuming the role, Wright was senior manager, governance and is also a former general manager ...

Three down one to go, then another three in 2019

BENJAMIN ONG  |  THURSDAY, 27 SEP 2018
... rallied immediately after the Fed's announcement. The S&P 500 soared by as high as 0.9% from its previous day's close to a new record high and the Dow Jones Industrials index by 0.8% (just 0.5% short of the record peak hit on 21 September this ...

Charities losing $180m a year to gender pay gap

KANIKA SOOD  |  WEDNESDAY, 26 SEP 2018
Australian charities could be receiving $180 million more in donations each year if the gender pay gap was to close, according to a new report on trends in philanthropy. Women donate 0.39% their income to charity every year while men donate 0.34%, according ...