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Showing 661 - 670 of 3268 results for "January 29"

Chief economist update: Thank you, my frenemy

BENJAMIN ONG  |  THURSDAY, 24 JUN 2021
... overall trend remains on the up and up. The China Iron and Steel Association reports that crude steel production in the January - May 2021 period had risen by 13.9% compared to the same five-month period in 2020. Iron ore prices will remain elevated ...

ASIC fines trading firm

ANNABELLE DICKSON  |  WEDNESDAY, 23 JUN 2021
The corporate regulator has fined Life Trading $200,000 and imposed an enforceable undertaking after it was found to have inappropriate supervisory policies and procedures in place. The Markets Disciplinary Panel (MFP) gave Life Trading an infringement ...

Franklin Templeton shutters fund

KANIKA SOOD  |  MONDAY, 21 JUN 2021
Franklin Templeton Investments is winding up its retail Australian Equity Fund, as asset growth lags. The fund was terminated on June 16, with returns of money to investors expected by July 31. "FTIA have determined that based on the current low level ...

AAT dismisses adviser ban appeal

KARREN VERGARA  |  THURSDAY, 17 JUN 2021
A former RI Advice Group financial adviser's appeal to overturn his permanent banning order has been dismissed by the appeals tribunal. Robert Hutchison was permanently banned from the industry in 2017 after an ASIC investigation found that he funneled ...

Goodments by Douugh now in Australia

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 JUN 2021
US-based investing app Goodments by Douugh is now available in Australia, offering brokerage-free access to US stocks and ETFs. Goodments was founded in 2017 by former ANZ financial adviser Tom Culver and then-Leo Burnett advertising executive Emily ...

Maine forces pension funds to dump fossil fuels

JAMIE WILLIAMSON  |  WEDNESDAY, 16 JUN 2021
The state of Maine has become the first in the United States to pass legislation forcing its pension fund to divest fossil fuels. Last week, Maine passed bill LD99; an act to require the state to divest itself of assets invested in the fossil fuel industry. ...

Halifax auditors face criminal charges

ELIZABETH MCARTHUR  |  TUESDAY, 8 JUN 2021
Audits of defunct stockbroker Halifax have resulted in the first criminal charges ever laid in Australia for failure to comply with auditing standards. EC Audit and its director Robert Evett have been charged with breaches of auditing standards and ...

CFAs not immune to pay cuts

KANIKA SOOD  |  TUESDAY, 8 JUN 2021
About 15% of CFAs working as investment professionals had a pay cut related to COVID-19, according to a new survey that says pay remained relatively resilient during the pandemic. CFA Institute surveyed 4600 investment professionals from its member ...

Super fee squeeze continues

KANIKA SOOD  |  MONDAY, 7 JUN 2021
Fifty-six superannuation products dropped their fees in the March quarter, according to Rainmaker Information's analysis of 475 product disclosure statements. Overall, 152 superannuation products updated their PDS's between January and March 2021. Of ...

Chief economist update: Home sweet home

BENJAMIN ONG  |  MONDAY, 7 JUN 2021
"Boom boom boom boom!" - Vengaboys The Australian property market should adopt this as its official anthem. The property craze in this Land Down Under is best portrayed by an article in the Daily Telegraph telling the story about "a mouldy 1970s house ...