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Showing 661 - 670 of 3117 results for "November 1994"

PIMCO revives local LIT plans

JAMIE WILLIAMSON  |  TUESDAY, 14 DEC 2021
After almost two years of delay, PIMCO is planning to launch its first Australian listed investment trust in March next year. PIMCO, which has been managing listed funds globally for about 25 years, said the new offering will seek to address Australian ...

More advisers fail FASEA exam

KARREN VERGARA  |  FRIDAY, 10 DEC 2021
Only half of the financial advisers who sat the November exam passed, making this the lowest pass rate on record. Fifty-two percent of the 2129 advisers who sat the Financial Adviser Standards and Ethics Authority exam were successful. The pass rate ...

Financial Advice Hub goes live

KARREN VERGARA  |  WEDNESDAY, 8 DEC 2021
The one-stop shop for regulatory information for financial advisers launched on December 7. ASIC unveiled the new webpage following feedback from the industry that its resources were hard to find. The hub now consolidates ASIC's existing regulatory ...

Kelly Partners acquires in NSW

KARREN VERGARA  |  MONDAY, 6 DEC 2021
Kelly Partners Group acquired a financial advice and accounting firm based in Sydney's Northern Beaches. The unnamed wealth management firm is expected to generate between $910,000 and $1.3 million for its new owner. When the transaction finalises in ...

Blackstone invests $925m for stake in Grosvenor Place

CHLOE WALKER  |  MONDAY, 6 DEC 2021
Blackstone has invested $925m to buy a 50% share in the Grosvenor Place office tower in Sydney CBD. The private equity giant has acquired the stake from Dexus (37.5%) and Canada Pension Plan Investment Board (12.5%). Dexus said it would use part of ...

AAT downgrades adviser banning

KARREN VERGARA  |  FRIDAY, 3 DEC 2021
A former financial adviser who copped an eight-year ban early this year will now serve a shorter banning order. The Administrative Appeals Tribunal reduced Lisa Lee's banning to six years. Her appeal to the AAT heard that she "accepted that what she ...

Proposed reforms could simplify advice

KARREN VERGARA  |  FRIDAY, 3 DEC 2021
Fresh proposals from the Australian Law Reform Commission aim to simplify several complex areas of financial advice legislation. The ALRC is proposing sweeping changes to financial services law, including changes that affect the advice industry, tabled ...

Backlash after 'unprecedented' ASIC action against Westpac

ELIZABETH MCARTHUR  |  THURSDAY, 2 DEC 2021
An industry group for independent financial advisers and lawyers have come out criticising Westpac over the six cases brought against it by ASIC. Slater and Gordon Lawyers is calling on Westpac to 'walk the talk', after Westpac's chief executive Peter ...

New role for AMP Capital distribution head

ELIZABETH MCARTHUR  |  THURSDAY, 2 DEC 2021
The former head of distribution (retail/advisory) at AMP Capital has moved on to a new role. After more than 15 years with AMP Capital, Steve Mazzarelli has joined private equity firm Fortitude Investment Management as head of distribution. "Steve joined ...

Next Macquarie chair announced

CHLOE WALKER  |  THURSDAY, 2 DEC 2021
Glenn Stevens has been appointed the next chair of Macquarie Group and Macquarie Bank following the retirement of Peter Warne. Stevens' appointment and Warne's retirement as a voting director on both boards will be effective in May 2022, following the ...