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Showing 3381 - 3390 of 14212 results for "Interest"

Hedge fund switched traders with algorithm

KARREN VERGARA  |  THURSDAY, 10 DEC 2020
... International (BCI), to its proprietary fund BSMA, which was created for its staff's investments. BlueCrest staff had a 93% interest in BSMA, which at one point, reached US$1.79 billion. While the top traders delivered for BSMA, BCI was left with an ...

Charter Hall adds three properties

KARREN VERGARA  |  THURSDAY, 10 DEC 2020
... ownership of 76-78 Pitt Street, an office building in Sydney, New South Wales. It is also in the process of acquiring a 100% interest in a new Bunnings property to be developed in Caboolture, Queensland for $28.1 million. CLW recently completed the acquisition ...

Key advice reforms tabled

KARREN VERGARA  |  THURSDAY, 10 DEC 2020
New regulation that requires financial advisers to disclose conflicts of interest and stamp out fees-for-no service have been tabled in parliament. The Financial Sector Reform (Hayne Royal Commission Response No. 2) Bill 2020 aims to strengthen many ...

Insurer names new chief executive

JAMIE WILLIAMSON  |  WEDNESDAY, 9 DEC 2020
... in the benefit of life insurance advice and the importance of partnerships," Integrity Life said. "He has a specific interest in enabling life insurance advice through technology which make him uniquely suited to Integrity, a life insurer that has recognised ...

CountPlus firm makes acquisition

ANNABELLE DICKSON  |  WEDNESDAY, 9 DEC 2020
... years based on revenue. As a part of the transaction, Hillard O'Donnell principal Damian O'Donnell will acquire an equity interest in O'Brien under the CountPlus Owner-Driver, Partner model. CountPlus chief executive Matthew Rowe said there is a natural ...

Advice associations join forces

ANNABELLE DICKSON  |  WEDNESDAY, 9 DEC 2020
The Association of Independently Owned Financial Professionals (AIOFP) has formed a strategic alliance with Tax & Super Australia (TSA) in a bid to have a louder voice when lobbying for the industry. The alliance will have a membership base of 10,000 ...

Iress scores dealer group mandate

JAMIE WILLIAMSON  |  TUESDAY, 8 DEC 2020
... efficiently ensure advisers' service obligations are met, fees are appropriately charged, and a myriad of other Best Interest Duty risks are mitigated." FYG sees significant opportunities to expand its use of Lumen, including across business intelligence ...

PPS Mutual transforms underwriting process

ANNABELLE DICKSON  |  TUESDAY, 8 DEC 2020
Mutual life insurer PPS Mutual has removed several assessments to its medical and financial underwriting requirements to speed up the application process and benefit members. The mutual insurer has removed the "quick check medical requirement" for prospective ...

Super SA to close growth option

ELIZABETH MCARTHUR  |  TUESDAY, 8 DEC 2020
... easing of monetary policy by the Reserve Bank of Australia (RBA) and global central banks, yields for short-term fixed interest securities (defensive assets) have fallen towards zero per cent," the fund said. "This record low interest rate environment ...

Link takeover heats up

KARREN VERGARA  |  TUESDAY, 8 DEC 2020
... shares closed at $4.96 on December 7 and jumped as high as 13% to $5.61 mid-morning, the day after SS&C announced its interest. On October 28, Link rejected the $5.40 per share offer made by the PEP-Carlyle consortium, but flagged that it continues to ...