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Showing 4371 - 4380 of 18263 results for "Plan"

European robo-adviser eyes Australia, taps Westpac exec

ALLY SELBY  |  THURSDAY, 23 JUL 2020
The former head of Westpac's private banking business has brought a Belgium-based robo-adviser down under, and says industry super funds, major banks, broker businesses and dealer groups are already knocking at the door. With its Asia Pacific operations ...

PSK acquires wealth firm

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 JUL 2020
Financial advice firm PSK Financial Services has acquired Sydney-based Socius Wealth Management as part of its growth plans. Socius founder and partner John D'Alessandri said that completing the acquisition amid COVID-19 was challenging. "What became ...

US considers restricting ESG in pensions

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 JUL 2020
... DOL has proposed an amendment to the Employee Retirement Income Security Act 1974 (ERISA) "to confirm that ERISA requires plan fiduciaries to select investments and investment courses of action based solely on financial considerations relevant to the ...

No such thing as a free lunch: Lowe

ELIZA BAVIN  |  WEDNESDAY, 22 JUL 2020
... they have configured their monetary support packages differently." He said that while the bank decided to stick to its own plan, it also reviewed some alternative monetary policy options, one of which was negative interest rates. "There has been no change ...

Xinja dabbles in US stocks

ANNABELLE DICKSON  |  WEDNESDAY, 22 JUL 2020
Neobank Xinja has announced plans to launch a US share trading platform Dabble, giving investors access to over 3000 stocks and exchange traded funds (ETFs). Xinja claims Dabble will make names like Tesla, Facebook, Google and Amazon accessible and ...

Sovereign investors keen on gold, infrastructure

KANIKA SOOD  |  TUESDAY, 21 JUL 2020
Invesco's annual survey of 139 sovereign investors found they are increasing allocation to gold, and plan on adding fixed income and infrastructure in the 12 months ahead. The annual report, now in its eighth year, found sovereign investors entered ...

Hearts and Minds but no ratings

ALLY SELBY  |  TUESDAY, 21 JUL 2020
Listed impact investment vehicle Hearts and Minds Investments has returned more than 26% on a 12-month basis, while also donating $4.1 million to medical research. Yet, the fund has faced major roadblocks when it comes to receiving a rating. The investment ...

No returns in sight for AAP investors

ALLY SELBY  |  TUESDAY, 21 JUL 2020
The consortium that saved Australian Associated Press' newswire will get no return on their investment, with contributors donating anywhere between $3000 and $1 million at the close of the financial year. Led by impact investor Nick Harrington and philanthropist ...

Almost 2000 advisers gone so far in 2020

ELIZABETH MCARTHUR  |  TUESDAY, 21 JUL 2020
The first half of 2020 has seen almost 2000 financial advisers leave the industry amid a time of flux for the sector. In January, the ASIC Financial Adviser Register showed 23,682 active advisers, but now the register shows 21,913 advisers. That's ...

Chief economist update: Haste makes Budget waste

BENJAMIN ONG  |  TUESDAY, 21 JUL 2020
Would Australia be experiencing a second wave - and therefore, a reimposition of lockdown restrictions - had it not rushed to reopen and followed its original prescription for a six-month lockdown? Not only that, in the haste to reopen, the Victorian ...