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Showing 5651 - 5660 of 28263 results for "NOT"

Unlicensed crypto platforms robbing investors

KARREN VERGARA  |  FRIDAY, 20 AUG 2021
... result of platform outages or unfair liquidations. Many of these investors are also falling into excessive leverage. ASIC is not only urging investors to be wary of investing in such crypto-assets but also to check whether the platform is licensed with ...

Best fixed interest funds revealed

ELIZABETH MCARTHUR  |  FRIDAY, 20 AUG 2021
... basis and the Bentham Global Opportunities Fund which returned 5.5%. "The outcomes for fixed interest and credit products were not so upbeat, thanks to how rising interest rates have impacted the capital value of their bond holdings," Rainmaker observed ...

APRA expands life insurance data reporting

KARREN VERGARA  |  THURSDAY, 19 AUG 2021
... facilitate analysis and understanding of trends in the sectors. To appease some stakeholders' concerns, APRA said it "will not be publishing insurer level data from reporting forms beyond that already published". "Should APRA plan in the future to expand ...

360 Capital winds up listed equities business

KANIKA SOOD  |  THURSDAY, 19 AUG 2021
... Centre Group. It said it has received "numerous approaches" to acquire GDC's assets, but the process will take time and is not certain. Earlier this year, 360 Capital failed in a protracted campaign to take over Evans and Dixon (since renamed to E&P ...

Perpetual hires distribution lead, ramps up expansion

KARREN VERGARA  |  THURSDAY, 19 AUG 2021
... regions and offices established in the US, the UK and in Europe." Meanwhile, Perpetual Asset Management Australia (PAMA) did not deliver up to expectations. While its AUM was 8% higher year on year, revenue of $165.7 million was down 5% and underlying ...

Halifax auditor to cough up fines

KARREN VERGARA  |  THURSDAY, 19 AUG 2021
... material misstatements in the accounts, while Evett failed to take responsibility for the overall conduct of the audits and did not ensure that staff had the skills to conduct the audit. The court found that if the audits were conducted in accordance ...

UniSuper moves on climate targets

ANNABELLE DICKSON  |  THURSDAY, 19 AUG 2021
... divesting positions, eliminating holdings in companies that generate more than 10% of revenue from mining thermal coal, and not adding to existing positions as the portfolio has grown. "There is no doubt in my mind that the collective action of large ...

APRA issues guidance on lifecycle products for performance test

KANIKA SOOD  |  WEDNESDAY, 18 AUG 2021
... same trustee and/or product design [such as investment strategy], and with majority of the members. It also warned funds to not sneak in returns from other super products into MySuper returns while combining returns from multiple default products. In ...

Magellan to move to higher tax rate

KANIKA SOOD  |  WEDNESDAY, 18 AUG 2021
... a theoretical standpoint the increase in franking credits (75% to 100%) offsets much of the impact of lower earnings, but not all investors value franking credits," the August 18 note said. Magellan's results yesterday showed FY21 adjusted NPAT before ...

Advised clients 5.2% better off

KARREN VERGARA  |  WEDNESDAY, 18 AUG 2021
... recovered. As an example, an investor who started 2020 with a portfolio worth $250,000 and stayed the course to 31 May 2021 and did not switch to cash would be $40,000 better off. Further, advised clients benefited with a 5.2% boost to their portfolio ...