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Showing 641 - 650 of 5908 results for "March 1"

Former BBY operations lead sentenced

JAMIE WILLIAMSON | FRIDAY, 9 JUN 2023

The former head of operations of collapsed stockbroker BBY was sentenced on three charges of dishonestly obtaining a financial advantage. Between June 2013 and May 2015, while BBY's head of operations, Fiona Mae Bilton deceived St George Bank in related ...

Perth-based Ponzi scheme shut down by court

JAMIE WILLIAMSON | FRIDAY, 9 JUN 2023

A Perth woman has been permanently banned from running a financial services business, while the $11 million illegal investment scheme she ran will be wound up. Monica Kaur, through her business MKS Property Investments/Developments, encouraged around ...

ETP investors struggle to pick winners

ANDREW MCKEAN | FRIDAY, 9 JUN 2023

Rainmaker Information research shows that investors in exchange-traded products (ETPs) have struggled to consistently beat market returns. The research analysed both money-weighted (MW) and time-weighted (TW) returns to determine investor performance. ...

Suncorp wage scandal comes to a head

ANDREW MCKEAN | FRIDAY, 9 JUN 2023

Suncorp has signed an Enforceable Undertaking with the Fair Work Ombudsman and reimbursed its staff with a back-payment of $32 million, inclusive of interest and superannuation. Suncorp underpaid nearly 16,000 employees between May 2014 and March 2022. ...

Australian Retirement Trust makes three leadership appointments

JAMIE WILLIAMSON | THURSDAY, 8 JUN 2023

There is a new chief member officer, chief of staff and executive general manager of advice, guidance and education at Australian Retirement Trust (ART). In March, and about a year on from its creation, ART overhauled its executive team to better position ...

Advice regtech acquires TIQK assets

KARREN VERGARA | WEDNESDAY, 7 JUN 2023

Regtech provider for financial advisers Fourth Line has acquired the intellectual property of defunct startup TIQK. The assets include artificial intelligence and natural language processing technology. Fourth Line chief executive Joel Ronchi said that ...

First Sentier clients walk away with $13bn

KARREN VERGARA | MONDAY, 5 JUN 2023

The fund manager bled $12.6 billion in outflows across several managed funds in the year to March, Rainmaker research shows. Four of First Sentier Investors' products lost more than $1 billion in net flows each, Rainmaker's latest Wholesale ...

Quality stocks outperform on average: Bell AM

CASSANDRA BALDINI | MONDAY, 5 JUN 2023

Quality stocks are back in vogue as institutional investors seek out companies with high probability and strong balance sheets amid rising interest rates. Speaking to Financial Standard Bell Asset Management chief investment officer Ned Bell explained ...

BT upgrades platform functionality

KARREN VERGARA | WEDNESDAY, 31 MAY 2023

BT is updating features of its Panorama platform that include improvements to reporting and document-tracking features. The reporting feature introduced last October 2022 will now allow financial advisers generate the same set of reports for potentially ...

Spirit Super rectifies regulatory breach

ANDREW MCKEAN | TUESDAY, 30 MAY 2023

Spirit Super has corrected a non-compliance issue, amending its process for monitoring the use of reserves to cover expenses that exceed the fees and costs charged to members. Last month, the industry fund acknowledged that it had inadvertently omitted ...

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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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Brian Redican

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