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Showing 6561 - 6570 of 22796 results for "Funds"

Charterhill founder incarcerated

ALLY SELBY  |  MONDAY, 6 APR 2020
... commissioner Danielle Press said Nowak had acted deliberately. "Mr Nowak deliberately misled his clients and used their funds for his own benefit," she said. "Mr Nowak dishonestly and deliberately breached his clients' trust. "The Court's sentence ...

COVID-19 sparks renewed fight for commissions

ELIZABETH MCARTHUR  |  MONDAY, 6 APR 2020
... Quirk wrote to advisers on 3 March 2020 to let them know grandfathered commissions would be turned off on managed investment funds and FirstChoice Employer Super. AIOFP executive director Peter Johnston told Financial Standard : "We find it bizarre that ...

Bravura secures new mandate

ELIZA BAVIN  |  MONDAY, 6 APR 2020
... customers," Adler said. Bravura Solutions is a provider of software solutions for the wealth management, life insurance, and funds administration industries in 12 offices across Australia, New Zealand, United Kingdom, Europe, Africa, and Asia. Futurity ...

ASIC cancels slew of AFSLs

JAMIE WILLIAMSON  |  FRIDAY, 3 APR 2020
... cancellations, ASIC canned the license of Your Super Life, an organisation that assisted with the consolidation of super funds and establishment of SMSFs. "You Super Life assists by consolidating your numerous super accounts and in doing so allows you ...

Melbourne fund tightens redemptions amid COVID-19

KANIKA SOOD  |  FRIDAY, 3 APR 2020
... and financial markets globally," Newgate said in a letter to investors. "The fund has experienced volatility as many other funds have, with a drawdown experienced. "Nonetheless, Newgate believes this event will bring about potential opportunities with ...

Asset devaluation continues

ELIZA BAVIN  |  FRIDAY, 3 APR 2020
... by a range of 7.5%-10% depending on the individual investment and the age of its most recent independent valuation. The funds private equity and venture capital investments have also been devalued, for similar considerations, by 15% on average. In a ...

Time to step up or face the music

ALLY SELBY  |  THURSDAY, 2 APR 2020
... crisis makes the corporate world's role in solving global problems clear." And that it certainly has, with Victoria Funds Management Corporation head of investment stewardship Talieh Williams agreeing the crisis has brought several issues to the ...

Could relief on advice compliance save consumers?

ELIZABETH MCARTHUR  |  THURSDAY, 2 APR 2020
... are anxious about market falls and they crave the control that an SMSF could give them so they dive out of public offer funds into an SMSF," Heffron said. "And that's OK for a lot of people but it's never good as a knee jerk reaction. They might ...

Is it time to lean on the Future Fund?

KANIKA SOOD  |  THURSDAY, 2 APR 2020
... Future Fund be called in? The early release allowances have raised questions about liquidity concerns for superannuation funds, and some have proposed solutions like the central bank lending to superannuation funds at zero interest rates using their ...

Fixed income liquidity squeeze bites

KANIKA SOOD  |  THURSDAY, 2 APR 2020
Financial advisers and investors in fixed income funds are feeling the heat as markets trade less frequently in the ongoing COVID-19 correction, and they are slugged with exit costs. Unlisted managed fixed income funds from giants like Vanguard and ...