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Showing 431 - 440 of 1395 results for "MAG"

Westpac enters into court enforceable undertaking

ANNABELLE DICKSON  |  THURSDAY, 3 DEC 2020
Following the Australian Prudential Regulation Authority's (APRA) review into Westpac's risk governance, both parties have agreed to a court enforceable undertaking (CEU). The CEU requires Westpac to develop an integrated plan that incorporates ...

Magellan adds to board

ANNABELLE DICKSON  |  MONDAY, 30 NOV 2020
Magellan Financial Group has welcomed a non-executive director with extensive experience in the retail industry to its board. Colette Garnsey has over 40 years' experience in retail, marketing and distribution and is currently the chair of Australian ...

Magellan axes currency hedging in trust

ANNABELLE DICKSON  |  THURSDAY, 26 NOV 2020
A Magellan trust has removed its currency hedging strategy to reduce the downside risk to the portfolio when equity markets and the value of the Australian dollar are both declining. Magellan High Conviction Trust will move to an unhedged approach to ...

Labor, unions, industry funds seethe

ELIZABETH MCARTHUR  |  FRIDAY, 20 NOV 2020
The opposition party, Industry Super Australia (ISA) and unions have criticised the Retirement Income Review and say the super guarantee (SG) must rise. Labor leader Anthony Albanese said the government is looking for excuses to break its promises. ...

Former Financial Circle director charged

ELIZA BAVIN  |  MONDAY, 16 NOV 2020
Former Financial Circle director Joshua Fuoco has been charged with managing a corporation whilst disqualified. Melbourne-based Fuoco was charged with four offences following an ASIC investigation. He was charged with three counts of managing a corporation ...

Barrenjoey Capital hires from FIIG

ELIZA BAVIN  |  THURSDAY, 12 NOV 2020
The newly-launched, Magellan-backed investment bank has added a head of credit risk from FIIG Securities. Asmita Kulkarni left the role of director, investment strategy group at FIIG to join the new venture established by former Challenger managing ...

InvestSMART adds to board

KANIKA SOOD  |  WEDNESDAY, 11 NOV 2020
ASX-listed InvestSMART Group has added a well-known financial commentator and editor to its board, which is chaired by Paul Clitheroe. Effie Zahos will join InvestSMART's board. She is currently editor-at-large at Canstar. Until last year she was ...

AMP Capital bids farewell to active ETFs

KANIKA SOOD  |  WEDNESDAY, 4 NOV 2020
AMP Capital is delisting all of its ETFs after about four years on the ASX, following UBS Asset Management's move in March. The last trading day will be December 4, with final distributions from the wind up set for December 31. "...the decision ...

Wages will not rise from SG cut: ISA

ELIZA BAVIN  |  FRIDAY, 30 OCT 2020
Industry Super Australia has hit out at arguments that wages will increase if the planned superannuation guarantee rise is delayed. ISA said the evidence that ditching the SG rise will not help wages can be seen from the last time it was cut in 2014. ...

Magellan's largest client asked to review costs

KANIKA SOOD  |  WEDNESDAY, 28 OCT 2020
An activist shareholder is asking for a cost review at Magellan's biggest client, St James Place. But the risk to Magellan is low, says Credit Suisse. The UK wealth manager has been using Magellan's strategies since 2011 and was its first overseas client. ...