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Showing 5291 - 5300 of 22133 results for "Tim"

ASIC cracks down on binary options

ELIZABETH MCARTHUR  |  THURSDAY, 1 APR 2021
ASIC has banned the sale of binary options to retail clients, effective from 3 May 2021. The decision comes after ASIC found that binary options have resulted in significant losses for retail clients. In 2018, ASIC estimated that net losses from retail ...

APRA takes action against Macquarie

ANNABELLE DICKSON  |  THURSDAY, 1 APR 2021
Following multiple breaches to prudential and reporting standards, the Australian Prudential Regulation Authority (APRA) has hit Macquarie Bank with increased liquidity and operational risk capital requirements. Macquarie Bank breached APRA's reporting ...

AMP names new chief executive

ANNABELLE DICKSON  |  THURSDAY, 1 APR 2021
After a week of speculation, AMP has confirmed its chief executive Francesco De Ferrari will step down following the group's portfolio review and has named his successor. Alexis George has been at ANZ for over seven years as deputy chief executive ...

LIC seeks options for performance woes

ANNABELLE DICKSON  |  WEDNESDAY, 31 MAR 2021
Listed investment company Templeton Global Growth Fund (TGG) is considering a range of options to salvage shareholder value after a period of poor returns and consistent discount to its net-tangible assets. TGG's independent directors have announced ...

Multiples paid for client books dip

KARREN VERGARA  |  WEDNESDAY, 31 MAR 2021
How much financial advisers can expect to sell a book of investment and superannuation clients for has decreased over the last two years, according to a new valuation report. Radar Results has released its March 2021 price guide, highlighting a downward ...

KPMG names chief executive

ANNABELLE DICKSON  |  WEDNESDAY, 31 MAR 2021
KPMG has appointed a long-standing partner as chief executive, taking over from Gary Wingrove. Andrew Yates is currently national managing partner - audit, assurance and risk consulting. Prior to this, he was partner-in-charge for financial services ...

Chief economist update: Too much of a good thing could be a bad thing

BENJAMIN ONG  |  WEDNESDAY, 31 MAR 2021
Healthier consumers are happier consumers are spending consumers. US consumer confidence has rebounded to its highest level since the onset of the pandemic in America in March last year. This is hardly surprising with cases of coronavirus infections ...

ASIC drops Caddick charges

ELIZABETH MCARTHUR  |  TUESDAY, 30 MAR 2021
ASIC has dropped all 38 charges it was pursuing against missing woman and self-proclaimed financial adviser Melissa Caddick. The regulator was pursuing criminal charges against Caddick, who has been missing since November last year. The charges included ...

Dimensional to use Calastone solution

KANIKA SOOD  |  TUESDAY, 30 MAR 2021
Dimensional Fund Advisors has signed up for Calastone's new distribution data solution. Calastone's new Wrap Reporting service will provide fund managers adviser-directed fund flow data from different platforms. The firm said it actively worked ...

Changes on Perpetual Industrial Shares Fund

KANIKA SOOD  |  TUESDAY, 30 MAR 2021
Perpetual is moving its Industrial Shares Fund from a co-portfolio manager structure to a single-PM structure, and will bid farewell to a long-standing investor. Anthony Cay co-managed the Perpetual Industrial Shares Strategy with Anthony Aboud. The ...