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Showing 641 - 650 of 4452 results for "October"

CBA increases Countplus indemnity to $520m

ANDREW MCKEAN  |  THURSDAY, 8 DEC 2022
... remediation issues impacting customers of aligned advice businesses, including Count Financial, which was sold to CountPlus in October 2019. In connection with the sale, CBA provided an indemnity to CountPlus to cover remediation of past conduct. Countplus ...

RBA bumps up cash rate

ANDREW MCKEAN  |  WEDNESDAY, 7 DEC 2022
... During late 1994 interest rates rose by 2.75% over the course of five months, rising by a whole percentage point in both October 1994 and December 1994. "The economy didn't go backwards in 1994, markets admittedly did, but the rate cycle is not unprecedented ...

ASIC suspends, cancels AFSLs

CHLOE WALKER  |  WEDNESDAY, 7 DEC 2022
... said. "Investors in Scheme 14 should contact QFML for further information." Under the suspension, which is in place until October next year, QFML is required to have a dispute resolution system in place through membership of AFCA. Meanwhile, ASIC has ...

Magellan FUM back at $50bn

CASSANDRA BALDINI  |  TUESDAY, 6 DEC 2022
Magellan Financial Group saw another drop in funds under management in November. This, after October saw its first increase in months. Magellan has reported that as of November 30 its FUM sat at $50.2 billion down from $51.0 last month. The drop was ...

Talaria hires head of sales

CASSANDRA BALDINI  |  MONDAY, 5 DEC 2022
... said. He added that Talaria's Global Equity Fund has performed with a total return of 11.80% during the last 12 months to October, more than 16% outperformance over the MSCI World ex Aust benchmark. "We have created significant growth across a broad ...

Vanguard cops fine for greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 2 DEC 2022
... funds in relation to their claimed green credentials," Longo said in a speech at the ASIC Annual Forum in November. In October, ASIC took its first action for greenwashing against ASX-listed energy company Tlou Energy. Tlou paid a total of $53,280 to ...

Blackstone restricts withdrawals on US$125bn property fund

CASSANDRA BALDINI  |  FRIDAY, 2 DEC 2022
... repurchase of up to 2% NAV in any month and 5% in a calendar quarter, subject to board discretion. Blackstone said in October BREIT received repurchase requests equal to 2.7% or approximately US$1.8 billion which was approved by most of the board. In ...

Colonial First State adds 17 new funds to FirstChoice platform

ANDREW MCKEAN  |  THURSDAY, 1 DEC 2022
... ETF Exposure Series: All-World ex-US Shares, Stewart Investors Global Emerging Markets Sustainability (re-opened). In October, as part of a $430 million investment to "build a stronger and more agile business," CFS entered a strategic partnership to ...

Marketing oversight must improve: ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 30 NOV 2022
... approve the fund's marketing to investors to ensure that it is accurate and reliable." Since commencing this project in October 2021, ASIC has seen 18 REs or trustees of managed funds amend their marketing materials or processes.

BOQ boss departs suddenly

CASSANDRA BALDINI  |  MONDAY, 28 NOV 2022
... past three years." Allaway was appointed non-executive director of the Bank in May 2019 and chair a few months later in October. Previously he held executive roles at Citibank and Swiss Bank Corporation. Allaway explained that while continued growth ...