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Showing 4381 - 4390 of 14213 results for "Interest"

Rainmaker Group announces acquisition of Industry Moves

HARRISON WORLEY  |  FRIDAY, 18 OCT 2019
The Rainmaker Group, publisher of Financial Standard and Money magazine, has added to its growing media portfolio with its acquisition of Industry Moves ( industrymoves.com ), Australia's leading publication on executive recruitment, leadership ...

ASIC nudges robo-adviser to shutter

ELIZABETH MCARTHUR  |  FRIDAY, 18 OCT 2019
A digital advice firm has voluntarily shut down two robo-advice tools after ASIC raised concerns. Lime FS, a Sydney-based Australian financial services licensee, was running corporate authorised representatives Plenty Wealth, Plenty Plus and Lime Wealth ...

APRA won't appeal IOOF judgement

ELIZA BAVIN  |  FRIDAY, 18 OCT 2019
... the Federal Court decision to dismiss its court action against IOOF. The case related to the management of conflicts of interest, the appropriate use of superannuation fund reserves and the priority of member interests. APRA initiated the action last ...

YouTube fundie walks away

ELIZABETH MCARTHUR  |  THURSDAY, 17 OCT 2019
The embattled UK fund manager, Neil Woodford, has resigned from his namesake funds and is closing down his business. One day after it was announced that his flagship Woodford Equity Income Fund would be wound up, Woodford has made the shock decision ...

CountPlus firm acquires advice boutique

HARRISON WORLEY  |  THURSDAY, 17 OCT 2019
A member of the CountPlus network has acquired a boutique financial planning practice. Kidmans Partners has acquired Latitude Advisory Services in a move designed to broaden its offering. Latitude managing principal Rod Geilman is set to become a principal ...

ASIC drags former adviser to court

HARRISON WORLEY  |  THURSDAY, 17 OCT 2019
... Private Wealth clients to transfer more than $4.7 million in funds which were used in for his personal purposes and to make interest payments to other clients. Justice John Reeves, who handed down the punishment, said Miller's actions displayed what ...

Natixis announces global c-suite changes

ELIZA BAVIN  |  THURSDAY, 17 OCT 2019
Natixis Investment managers have announced the creation of a chief operating officer role as well as a new appointment for chief executive of Ostrum Asset Management. Joseph Pinto has been appointed chief operating officer of Natixis investment managers ...

RBA blames lack of demand in property downturn

ELIZA BAVIN  |  THURSDAY, 17 OCT 2019
Reserve Bank deputy governor Guy Debelle said despite historically low interest rates and a rise in loan approvals, turnover in the housing market remains low. Speaking at the CFA Societies Australia Investment Conference event in Sydney the deputy ...

IOOF acquires OnePath at a discount

ELIZA BAVIN  |  THURSDAY, 17 OCT 2019
... IOOF's "advice-led" wealth management business. In May ANZ announced it had agreed to transfer a partial economic interest of its pension and investments business and the legal ownership of its aligned dealer groups to IOOF in July last year. Under ...

Retail fund faces class action on MySuper

ELIZABETH MCARTHUR  |  THURSDAY, 17 OCT 2019
Thousands of MySuper account holders with Colonial First State will pursue legal action against the fund. Maurice Blackburn Lawyers today filed a class action against CFS in relation to alleged breaches of super trustee duties that it said have caused ...