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Showing 621 - 630 of 2382 results for "Finding"

Westpac cops $10.5m fine

ANNABELLE DICKSON  |  TUESDAY, 24 AUG 2021
ASIC has ordered Westpac to pay a $10.5 million fine after the High Court's decision that found two Westpac subsidiaries provided unlicensed personal financial advice. Westpac Securities and BT Funds Management were found to have breached their ...

ASX outage result of process failures, disagreement

KARREN VERGARA  |  MONDAY, 23 AUG 2021
Following an independent review on a major trading glitch last November, the Australian Securities Exchange has come out relatively unscathed. The joint investigation by ASIC, the Reserve Bank of Australia and IBM into the implementation of the Nasdaq ...

ASX 200 doubles down on net zero

ANNABELLE DICKSON  |  MONDAY, 23 AUG 2021
Nearly half of the market capitalisation of the ASX 200 have made net zero commitments for 2050 or earlier, according to the Australian Council of Superannuation Investors (ACSI). ACSI's latest report, Promises, Pathways and Performance, showed 49 companies ...

Advised clients 5.2% better off

KARREN VERGARA  |  WEDNESDAY, 18 AUG 2021
The help of a financial adviser has been able to boost a client's portfolio by 5.2% per annum, according to new research. The fourth annual Russell Investments Value of an Adviser Report found that advisers' biggest contribution to clients is their ...

Economic recap: Week to August 13

BENJAMIN ONG  |  MONDAY, 16 AUG 2021
The Delta variant and its seeming immunity to lockdowns and extended lockdowns continue to dominate attention in Australia. Last week, the state of New South Wales (NSW) announced stricter and broader (into regions) of restrictions; the Australian Capital ...

Funds valued illiquid asset correctly: ASIC

KARREN VERGARA  |  WEDNESDAY, 11 AUG 2021
Corporate regulator ASIC stopped just short of praising fund managers on how they handled valuing illiquid assets at the height of COVID-19. ASIC found that the responsible entities of the funds were responsive to the increased valuation risks during ...

Investors lose in viral stock picks

ELIZABETH MCARTHUR  |  THURSDAY, 5 AUG 2021
... the height of their popularity, and then one and three months after this height and also as at 30 June 2021. The clear finding was that by the time a stock becomes popular and trending online, it's already too late. An investor is likely to buy the stock ...

Super, ASIC beneficiaries of advice challenges: Hearing

JAMIE WILLIAMSON  |  FRIDAY, 30 JUL 2021
... being unable to access advice. In response, Harrison said "the biggest beneficiary seems to be ASIC because they keep on finding new ways to earn money"; a comment he said he was making "slightly facetiously". Continuing, Harrison said it's hard ...

ASIC releases grandfathered arrangement findings

KARREN VERGARA  |  FRIDAY, 16 JUL 2021
The corporate regulator said it was pleased with how the financial advice industry ended conflicted grandfathered arrangements, with 96% of product issuers complying with the new law that took effect at the start of the year. ASIC found that 1227 financial ...

WAM Global performance rises

ANNABELLE DICKSON  |  FRIDAY, 16 JUL 2021
... discount at 3.9% after starting the period at an 18.1% discount to NTA. "The WAM Global investment team was diligent in finding compelling opportunities that fit our investment process amid a strong recovery in economic growth," the LIC said in a statement. ...