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Showing 601 - 610 of 4054 results for "LIT"

Backlash after 'unprecedented' ASIC action against Westpac

ELIZABETH MCARTHUR  |  THURSDAY, 2 DEC 2021
An industry group for independent financial advisers and lawyers have come out criticising Westpac over the six cases brought against it by ASIC. Slater and Gordon Lawyers is calling on Westpac to 'walk the talk', after Westpac's chief executive Peter ...

Courtenay House director faces court for alleged fraud offences

CHLOE WALKER  |  WEDNESDAY, 1 DEC 2021
ASIC brings criminal charges against former Courtenay House director and contractor for an alleged $196 million Ponzi scheme. Tony Iervasi and Athan Papoulias have today appeared in the Downing Centre Local Court charged with criminal offences for their ...

Retirees require 3.3% drawdown: Research

KARREN VERGARA  |  WEDNESDAY, 1 DEC 2021
New Morningstar research recommends retirees should drop the 4% withdrawal rate to 3.3% for a balanced portfolio. Using the 3.3% rate over a 30-year time horizon, Morningstar found that newly minted retirees cannot safely withdraw 4% of their initial ...

ASIC enforces licence conditions on ASX

ANNABELLE DICKSON  |  WEDNESDAY, 24 NOV 2021
... that some market participants did not have business continuity plans in place when ASX Centre Point went down but ASX's LIT order book and Chi-X remained available. The corporate regulator concluded an independent review on ASX in August.

Downward fee trend hits ESG

ELIZABETH MCARTHUR  |  MONDAY, 22 NOV 2021
Across asset classes there is significant downward pressure on institutional asset management fees, according to new research from bfinance. The study's key findings include a reduction in the cost of active global equities strategies with ESG requirements ...

High-net-worth investors richer, optimistic

ANNABELLE DICKSON  |  MONDAY, 22 NOV 2021
Australia's high-net-worth (HNW) investors have multiplied in size and wealth, controlling $2.77 trillion in investable assets, new research shows. New research commissioned by Praemium and carried out by Investment Trends found the total number of ...

LICs, LITs move away from Aussie equities

ANNABELLE DICKSON  |  THURSDAY, 18 NOV 2021
... markets, infrastructure and alternative assets such as private equity and private debt and fixed income. The total LIC and LIT sector has grown from $39.6 billion to $55.8 billion since 2017 and was up 40.9% at the end of October 2021. Australian equities ...

Portfolio holdings disclosure a failure: Morningstar

ELIZABETH MCARTHUR  |  MONDAY, 15 NOV 2021
New analysis from Morningstar suggests Australia has "blown its opportunity" to improve portfolio holdings disclosures. "As an otherwise sophisticated market, it is remarkable that Australia has consistently ranked bottom of all major global markets ...

Raiz Invest hits $1bn in Australia

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 NOV 2021
Raiz Invest has surpassed $1 billion in funds under management in Australia. The company put the growth down to customer engagement and reported that average balances on its platform have grown to nearly $3000 per customer. Raiz reported having more ...

Economic recap: Week to November 5

BENJAMIN ONG  |  MONDAY, 8 NOV 2021
The rise and rise of measured inflation across the globe has had financial markets bring forward rate hike expectations, and for good reasons. The Reserve Bank of New Zealand (RBNZ) started proceedings at its 6 October meeting when it doubled the official ...