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Showing 661 - 670 of 6175 results for "Statement"

RBA bumps up cash rate

ANDREW MCKEAN  |  WEDNESDAY, 7 DEC 2022
... rate are still coming," he said. HSBC chief economist Paul Bloxham commented: "Just like the move itself, the [RBA] statement was fairly short, benign and introduced little that was new. The statement suggested that the RBA's forecasts are unchanged ...

ASIC suspends, cancels AFSLs

CHLOE WALKER  |  WEDNESDAY, 7 DEC 2022
The corporate regulator suspended Quantum Funds Management Limited (QFML)'s AFSL and cancelled that of AFSL Group. The suspension of QFML follows the ban of its managing director Peter Gribble for failing to pay $2.5 million in Australian Financial ...

Household Capital acquires Pension Boost

ANDREW MCKEAN  |  MONDAY, 5 DEC 2022
... together with superannuation and the age pension, provides the full package for retirees." Further, a Household Capital statement outlined that the acquisition of Pension Boost will enable it to help retirees, as well as providers such as super funds ...

Vanguard cops fine for greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 2 DEC 2022
Vanguard Investments has become the first investment manager to be fined by ASIC over greenwashing. Vanguard paid $39,960 to comply with three infringement notices related to product disclosure statements (PDS) for the Vanguard International Shares ...

Blackstone restricts withdrawals on US$125bn property fund

CASSANDRA BALDINI  |  FRIDAY, 2 DEC 2022
... MGM Grand Las Vegas and Mandalay Bay Joint Venture for approximately US$1.27 billion to VICI Properties (VICI). In a statement Blackstone senior managing director Scott Trebilco said: "The sale of these assets is an excellent outcome for our Blackstone ...

North adds new managed portfolio capability

CASSANDRA BALDINI  |  FRIDAY, 2 DEC 2022
North has launched its new managed portfolio offering, Buy, Badge, Build, for advisers and their clients. Buy, Badge, Build will allow advice practices to choose from North's menu and customise their own branded managed portfolios. North explained ...

Crescent Wealth responds to PDS error criticism

ANDREW MCKEAN  |  THURSDAY, 1 DEC 2022
Crescent Wealth has responded to a significant event notice that said the fund's estimated costs weren't calculated or disclosed correctly, calling the coverage of its errors "misrepresented." Equity Trustees, the trustee of Crescent Wealth ...

ASIC case against Commonwealth Bank dismissed

CASSANDRA BALDINI  |  WEDNESDAY, 30 NOV 2022
... customers and more than 800,000 accounts. In relation to the fees incorrectly charged and recorded on a customer's bank statement, the court said the only representation by CBA was that a fee of a particular amount had been charged on or around the nominated ...

AustralianSuper botches major tech upgrade

ANDREW MCKEAN  |  TUESDAY, 29 NOV 2022
... yours...but you can't access it. Two weeks since advised of the systems upgrade and still no access," another vented. In a statement to Financial Standard, responding to its technology troubles, an AustralianSuper spokesperson said: "Most members have ...

Crescent Wealth misreports indirect costs, breaches regulatory standards

ANDREW MCKEAN  |  MONDAY, 28 NOV 2022
... breaching regulatory standards. The finding follows a review by Equity Trustees, of the fund's product disclosure statement provided to members since July 2017. Equity Trustees said the indirect cost ratio disclosed were incorrect and too low. The ...

Editor's Choice

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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