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Showing 3441 - 3450 of 20552 results for "BEN"

BTFM, Asgard Capital fined $3m

KARREN VERGARA  |  MONDAY, 26 JUL 2021
The Federal Court will force BT Funds Management and Asgard Capital Management to pay $1.5 million each for charging fees for no service and making misleading statements. Between September 2014 and August 2017, the court found that the companies harmed ...

AMP shakes up advice service model

KARREN VERGARA, JAMIE WILLIAMSON  |  MONDAY, 26 JUL 2021
Among the changes announced this morning, AMP is putting an end to all Buyer of Last Resort (BOLR) arrangements at the end of the year and giving advisers the freedom to leave the network with their clients from 2022. As part of a new service model ...

Economic recap: Week to July 23

BENJAMIN ONG  |  MONDAY, 26 JUL 2021
The Delta variant outbreak remained the focus of attention in Australia. The daily case of infections in Greater Sydney surged to 136 on Friday (July 23) - the highest number since the this year's outbreak - prompting the NSW premier Gladys Berejiklian ...

Pendal open to more acquisitions

KANIKA SOOD  |  FRIDAY, 23 JUL 2021
Pendal chief executive Nick Good says the firm is not ruling out future acquisitions, as it finalises its $414 million purchase of US value-oriented manager Thompson, Siegel and Walmsley. Pendal announced the 100% acquisition in May, paying about $414 ...

National practice manager joins Madison

KARREN VERGARA  |  FRIDAY, 23 JUL 2021
Madison Financial Group has appointed a former financial adviser as its new national practice manager. Jason Gapps joins Clime Investment Management's subsidiary after working as a representative of boutique Hunter Wealth, which was previously known ...

Perpetual AUM rises

ANNABELLE DICKSON  |  FRIDAY, 23 JUL 2021
Perpetual has recorded a $5 billion increase in total assets under management reaching $98.3 billion in its quarterly update. International assets under management grew 2.8% to $73.6 billion, inclusive of Trillium and Barrow Hanley. It recorded net ...

Institutional Shareholder Services to acquire Rainmaker Information

MICHELLE BALTAZAR  |  THURSDAY, 22 JUL 2021
... specific to this market - will be a great addition to our suite of offerings and provide material value to our clients," said Ben Doob, head of ISS MI. ISS is majority-owned by Deutsche Börse Group, along with Genstar Capital and ISS management. It ...

Advisers overlook home equity release strategies

KARREN VERGARA  |  THURSDAY, 22 JUL 2021
Financial advisers are shunning home equity release or reverse mortgage strategies that could potentially benefit retiree clients, according to new research. Regtech Fourth Line and retiree financial services provider Pension Boost looked at the Statement ...

Frontier partners with due diligence platform

KARREN VERGARA  |  THURSDAY, 22 JUL 2021
Frontier has enlisted the help of a global technology platform to help automate the diligence processes. DiligenceVault will enable the asset consultant to collect and centralise asset manager and fund data. The solution is a two-sided platform used ...

CommIF takeover rejected

ELIZABETH MCARTHUR  |  THURSDAY, 22 JUL 2021
An independent board committee rejected a takeover bid for AMP Capital's Community Infrastructure (CommIF) Fund. AMP Capital received proposals from Plenary Group, HRL Morrison and Co and Palisade to take over CommIF, but these have all now been rejected. ...