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Showing 581 - 590 of 3550 results for "October 2015"

Karen Phin retires from Magellan board

CHLOE WALKER | WEDNESDAY, 21 SEP 2022

The independent non-executive director has flagged her intention to retire from the Magellan board at the conclusion of the company's annual general meeting on October 20. A seasoned executive with over 25 years' experience in the financial ...

Dixon Advisory pays $7m for poor advice

JAMIE WILLIAMSON | TUESDAY, 20 SEP 2022

Dixon Advisory will pay $7.2 million for providing inappropriate advice and not meeting client best interests obligations. The Federal Court found that six Dixon Advisory representatives did not act in the best interests of eight clients on 53 occasions. ...

Regal Partners secures $420m mandate

CASSANDRA BALDINI | MONDAY, 19 SEP 2022

Regal Partners' funds management arm secured an institutional mandate of more than $420 million for its Australian Long Short Equity Strategy. The mandate was awarded by "a large domestic superannuation fund" and follows an extensive investment and ...

Blue Orbit signs distribution deal

JAMIE WILLIAMSON | THURSDAY, 15 SEP 2022

Hillcrest Strategic Partners will now distribute the Blue Orbit Asset Management Global Small Cap Systematic Alpha Fund. According to Blue Orbit, the agreement follows a comprehensive process to expand its distribution capabilities. "Hillcrest's ...

UK regulator flags big redress bill likely for Link

JAMIE WILLIAMSON | WEDNESDAY, 14 SEP 2022

The UK's Financial Conduct Authority (FCA) has approved Dye & Durham's takeover of Link Group, but the acquisition may be hindered by potential redress payments of more than $500 million over Link's involvement with the LF Woodford Equity Income Fund. ...

Charges laid against former BBY head of operations

CASSANDRA BALDINI | TUESDAY, 13 SEP 2022

Former BBY Limited head of operations Fiona Mae Bilton has been charged with three counts of dishonestly obtaining a financial advantage. Bilton was found to have deceived St George Bank on 115 separate occasions between June 2013 and May 2015. The ...

Montgomery, Aura Group launch new income fund

CHLOE WALKER | THURSDAY, 8 SEP 2022

Montgomery Investment Management unveiled the second fund to come out of its partnership with Aura Group, the Aura Core Income Fund. The fund is an open-ended, Australian-registered managed investment scheme with a minimum investment of $25,000, offering ...

ASIC extends binary options ban

ANDREW MCKEAN | TUESDAY, 6 SEP 2022

ASIC has extended its product intervention order banning the issue and distribution of binary options to retail clients until 1 October 2031. Since coming into effect in May 2021, the ban has successfully prevented retail clients from losing money trading ...

Insurers are 'fishing' for non-disclosures: ASIC

ANDREW MCKEAN | FRIDAY, 2 SEP 2022

An ASIC review of individual disability income insurance claims has determined that more work is needed by insurers to ensure customers are protected from unfair practices. ASIC has longstanding concerns about the potential consumer harm resulting from ...

Latest adviser exams see 52% pass rate

JAMIE WILLIAMSON | THURSDAY, 1 SEP 2022

Just over half of the candidates for the July and August sittings of the Financial Advisers Exam - the final opportunities for existing advisers to pass - have been successful. In total, 628 advisers sat the exam in July and August. Of these, 76% were ...

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Global X awards mandate for ETF business

ELIZA BAVIN

Global X has awarded a new custody and administration mandate for its Australian ETF business.

Bell Asset Management launches small-caps fund

KARREN VERGARA

Bell Asset Management has formally launched its Australian Small Companies Fund, which is run by former Tyndall Asset Management portfolio managers.

Former Australian Ethical finance chief lands new gig

MATTHEW WAI

The former chief financial officer of the ethical investment manager has joined a local finance company after wrapping up his tenure at AUB Group.

MySuper assets pursue $1.5tn Choice sector

KARREN VERGARA

MySuper assets are fast catching up to the $1.5 trillion Choice sector, hitting nearly $1.2 trillion in the March quarter.

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When geopolitics becomes a portfolio risk

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Brian Redican

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