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Showing 6171 - 6180 of 21771 results for "Dec"

AMP flags redundancies

KARREN VERGARA  |  THURSDAY, 1 OCT 2020
AMP has confirmed that redundancies are on the horizon as the group makes transformational changes to its business and culture. The firm is currently undertaking changes to its global workforce in a bid to centralise some business services. "Our focus ...

Media Super names new chair

ELIZA BAVIN  |  THURSDAY, 1 OCT 2020
Long-serving chair of Media Super Gerard Noonan is retiring at the end of the month as the $6 billion fund continues its due diligence in merger talks with $52 billion fellow industry fund Cbus. Susan Heaney is set to step into the role, with Media ...

Lazard launches new fund

ELIZA BAVIN  |  THURSDAY, 1 OCT 2020
Lazard Asset Management has launched a new registered managed investment scheme, offering Australian investors access to a US$500 billion asset class. The Lazard Global Convertibles Fund offers exposure to a global portfolio of convertible bonds, with ...

82% of advisers pass August FASEA exam

ELIZABETH MCARTHUR  |  THURSDAY, 1 OCT 2020
FASEA has released the results of the August exam, with 82% passing. The results mean 46% of advisers on the ASIC Financial Adviser Register have now passed the compulsory exam. A total of 1521 advisers sat the exam. FASEA did not reveal how many advisers ...

Apex expands Australian offering

ELIZA BAVIN  |  THURSDAY, 1 OCT 2020
Apex Group, a global financial services provider, has announced the launch of corporate solutions in Australia via its subsidiary, Throgmorton. This is the fifth announcement in as many months regarding the global expansion of its corporate solutions ...

Chief economist update: Pandemic, what pandemic?

BENJAMIN ONG  |  THURSDAY, 1 OCT 2020
Like the Energizer bunny, the price of iron ore keeps on going and going and going... up. And this, despite the coronavirus pandemic still doing the rounds on Earth - ongoing first wave or second wave - with worldometer.com's latest stats showing ...

APRA resumes life insurance intervention

ELIZABETH MCARTHUR  |  WEDNESDAY, 30 SEP 2020
APRA will resume its intervention into the life insurance market to stem ongoing heavy losses in individual disability income insurance. APRA announced its intervention in December last year, highlighting flaws in individual disability income insurance ...

Court blocks bid to freeze Phil Kingston's assets

KANIKA SOOD  |  WEDNESDAY, 30 SEP 2020
A court has blocked an attempt by Sargon's Chinese lender to freeze the assets of Phil Kingston, as the latter heads towards public questioning next month. China Insurance Finance Group Ltd commenced court proceedings on August 24, seeking repayment ...

BABL named, shamed over Great Southern

ELIZABETH MCARTHUR  |  WEDNESDAY, 30 SEP 2020
Bendigo and Adelaide Bank Limited (BABL) has been singled out as breaching the Code of Banking Practice within its Great Southern Loans business unit. The Banking Code Compliance Committee (BCCC) said in its annual report that the BABL breaches occurred ...

Manipulative trading at J.P. Morgan costs it over $1bn

ALLY SELBY  |  WEDNESDAY, 30 SEP 2020
J.P. Morgan will be forced to cough up more than $1.3 billion (US$920 million) after entering into an agreement with the US Department of Justice, the US Commodity Futures Trading Commission and the US Securities and Exchange Commission. The agreements ...