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Showing 3501 - 3510 of 21764 results for "Dec"

Former AMP adviser pleads guilty to dishonest conduct

KARREN VERGARA  |  MONDAY, 27 MAR 2023
A former AMP representative, who falsified information when providing superannuation and insurance advice, has pleaded guilty to three charges of dishonest conduct and is due to be sentenced. David Fong, who operated Fong Financial Planners, pleaded ...

February exam records 67% pass rate

KARREN VERGARA  |  MONDAY, 27 MAR 2023
More than two thirds of the financial advisers that sat the mandatory exam passed the latest round. Releasing the latest results, ASIC announced that of the 192 candidates who sat the February exam, 128 passed. Sixty percent of them sat it for the first ...

Rest switches up recruitment focus

ELIZABETH FRY  |  FRIDAY, 24 MAR 2023
Andrew Lill, the chief investment officer of $70 billion super fund Rest, says the role of a CIO is changing and not just because investment heads have to respond quickly to more volatile markets. Increasingly, investment chiefs must consider a range ...

RBA rate rises up in the air: Economists

CASSANDRA BALDINI  |  FRIDAY, 24 MAR 2023
Australian financial markets have been bracing for a pause in rate hikes, however recent instability has economists recalibrating their view. The coin is being tossed ahead of the Reserve Bank of Australia's (RBA) meeting next month, with suggestions ...

Government targets ASX dominance

ANDREW MCKEAN  |  FRIDAY, 24 MAR 2023
The Australian government has released draft legislation aimed at promoting competition in the clearing and settlement services market. Under the proposed legislation, ASIC will have the authority to create regulations to encourage competition while ...

Mergers, performance dim super satisfaction: Survey

KARREN VERGARA  |  FRIDAY, 24 MAR 2023
Members are frustrated with their superannuation funds' performance and the drastic pace of consolidation in the industry, a new survey reveals. Roy Morgan's quarterly gauge of member satisfaction found that super funds were graded a 66.6% rating, down ...

US Fed hikes rates amid banking turmoil

ANDREW MCKEAN  |  THURSDAY, 23 MAR 2023
Amid banking turmoil, the US Federal Reserve announced a rate hike to combat inflation. Recent economic indicators revealed modest growth in US spending, production, and strong job gains, with low unemployment and persistent inflation concerns. As such ...

Australian investors pivot portfolios

CASSANDRA BALDINI  |  THURSDAY, 23 MAR 2023
More than half of Australian institutional investors say the current environment is like nothing they've ever seen before and are taking action to rethink their strategies in accordance. Nuveen's EQuilibrium Global Institutional Investor Survey reported ...

State Street buys outsourced trading firm

JAMIE WILLIAMSON  |  THURSDAY, 23 MAR 2023
State Street is acquiring CF Global Trading for an undisclosed amount. CF Global Trading specialises in outsourced trading on an agency basis for a range of asset classes and has been operating for more than two decades. It currently has execution desks ...

The sophistication of cyber threats is increasing: O'Neil

CHLOE WALKER  |  WEDNESDAY, 22 MAR 2023
Kicking off day two of the Conference of Major Superannuation Funds, minister for home affairs and cybersecurity Claire O'Neil shared some harrowing truths about the intensity of cyber threats on Australian super funds. "Two of my biggest responsibilities ...