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Showing 581 - 590 of 4156 results for "April"

Class action commenced against IG Markets

JAMIE WILLIAMSON  |  THURSDAY, 11 MAY 2023
... seen in 2020. According to Investment Trends, 117,000 people placed at least one CFD or FX trade in 2020; between March and April 2020, more than $774 million was lost trading CFDs, ASIC found. The regulator imposed a product intervention order on the ...

Mine Super to close Choice option

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2023
... Balanced option. Mine Super is currently in the process of merging with TWUSUPER, having signed a Heads of Agreement in April to form a $20 billion fund. The merger is expected to be completed in early 2024.

Courtenay House affiliate faces prison

CHLOE WALKER  |  TUESDAY, 9 MAY 2023
... Papoulias pleaded guilty to one charge of carrying on an unlicensed financial services business between November 2016 and April 2017, and one charge of dealing in the proceeds of crime worth $100,000 or more. The court deemed him to be reckless to the ...

Mercer scoops up third BT business unit

KARREN VERGARA  |  MONDAY, 8 MAY 2023
... The successor funds transfer of BT Superannuation and takeover of Advance Asset Management, which finalised in March and April respectively, gained about $350 million for the group. Funds under management for the managed accounts channel on BT Panorama ...

RBA verdict on knife edge: Economists split

ANDREW MCKEAN  |  TUESDAY, 2 MAY 2023
... through 2024." T. Rowe Price portfolio manager Scott Solomon believes the RBA will maintain the status quo in May, mirroring April's decision. "The recent CPI print signalled progress is being made on the inflation front and we suspect the RBA would ...

JPMorgan acquires First Republic Bank

CASSANDRA BALDINI  |  TUESDAY, 2 MAY 2023
... to First Republic on Monday, in hopes of ending the bitter turmoil within the US banking market. First Republic, which in April had approximately US$229.1 billion in assets and US$103.9 billion in deposits, released disastrous Q1 results showing significant ...

Future Super accused of greenwashing via Facebook post

JAMIE WILLIAMSON  |  TUESDAY, 2 MAY 2023
... to be able to stand by their sustainability statements and back these up with evidence." Future Super paid the notice on April 27. This brings the total amount in infringement notices over greenwashing issued to $150,000.

Global investors look to strike gold: Study

CHLOE WALKER  |  FRIDAY, 28 APR 2023
... boost allocations to gold and gold miners, according to new research by mining company Tresor Gold. The research collated in April surveyed investors responsible for $307.5 billion assets under management across pension funds, private equity and venture ...

YFYS sanctions don't help existing members: ISA

CHLOE WALKER  |  THURSDAY, 27 APR 2023
... YFYS performance test, which hides the product's true performance and opens the test to manipulation," it argued. In early April, the government announced it would update the YFYS performance test by extending the assessment from eight to 10 years, as ...

Ascent Investment ordered into liquidation

KARREN VERGARA  |  WEDNESDAY, 26 APR 2023
... application to liquidate Ascent, appointing liquidators Matthew Donnelly and Sean Holmes from Deloitte Financial Advisory. On April 24, ASIC announced that the Federal Court ordered Ascent and its managed investment scheme wound up on just and equitable ...