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Showing 5481 - 5490 of 21770 results for "Dec"

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 ...

ASIC sues CBA over monthly fees

ANNABELLE DICKSON  |  THURSDAY, 1 APR 2021
The corporate regulator has commenced civil proceedings against Commonwealth Bank over allegations it wrongly charged monthly fees to customers over a nine-year period. ASIC alleges CBA incorrectly charged $55 million in monthly access fees to nearly ...

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 ...

New hybrids ETF on Chi-X

KANIKA SOOD  |  WEDNESDAY, 31 MAR 2021
Melbourne's Elstree Investment Management has listed a hybrid fund on the Chi-X. The Elstree Hybrid Fund (EHF1) invests in Australian hybrids and interest rate securities, targeting a return over short-term interest rates over a three-year period. "We ...

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 ...

Mason Stevens bolsters Melbourne team

ANNABELLE DICKSON  |  WEDNESDAY, 31 MAR 2021
Mason Stevens is continuing to build out its Melbourne office with the appointment of a sales director from Challenger. David Johnson, who will be based in Melbourne, spent over four years at Challenger as state manager for Victoria and as a senior ...

Risk inflows stagnant, satisfaction varies

ANNABELLE DICKSON  |  WEDNESDAY, 31 MAR 2021
Risk premium inflows experienced marginal decreases in the 12 months to December 2020 as the gap in consumer satisfaction grows, new research shows. The latest data from Plan For Life showed total inflows increased 0.5% to $16.3 billion with just a ...

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 ...

AMP sees 245% jump in consumer interest

ELIZABETH MCARTHUR  |  WEDNESDAY, 31 MAR 2021
AMP has reported a huge jump in the number of consumers visiting its website looking for free financial education articles. There was a 245% increase in total unique visitors to the AMP site, when comparing the first two months of 2020 to the first ...