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Showing 7211 - 7220 of 21776 results for "Dec"

BT fund to wind up

KANIKA SOOD  |  WEDNESDAY, 12 FEB 2020
It's the end of the road for a BT multi-asset fund managed by Pendal after 52 years, as investor demand ebbs out. The BT Institutional Diversified Balanced PST was managed by Stuart Eliot and invested in local and global shares, fixed interest ...

AMPFPA action progresses, associations merge

JAMIE WILLIAMSON  |  WEDNESDAY, 12 FEB 2020
The AMP Financial Planners Association is anticipating a class action to be filed on behalf of its members later this month, as it gears up to merge with the Hillross Advisers Association. Speaking to Financial Standard, AMPFPA chief executive Neil ...

AMP faces fresh class action

ALLY SELBY  |  WEDNESDAY, 12 FEB 2020
AMP is facing a fresh class action, as Shine Lawyers confirms it is investigating whether the firm's financial advisers breached their fiduciary and statutory duties to an estimated 100,000 clients. Shine Lawyers alleges the beleaguered firm failed ...

Problems persist with PYSP communication: ASIC

ELIZA BAVIN  |  WEDNESDAY, 12 FEB 2020
ASIC said that common problems have been persistent in its review of superannuation trustees' PYSP communication with members, with some trustees failing to present facts and instead focusing on member and insurance retention. The regulator launched ...

Compensation bill hits $750m

ELIZA BAVIN  |  WEDNESDAY, 12 FEB 2020
Six of Australia's largest banking and financial services institutions have so far paid, or offered, a total of $749.7 million in compensation to customers, according to new data released by ASIC. The regulator said AMP, ANZ, CBA, Macquarie, NAB and ...

Former licensee boss banned

JAMIE WILLIAMSON  |  TUESDAY, 11 FEB 2020
ASIC has said the former chief executive of Spectrum Wealth Advisers had a poor understanding of his obligations and failed to ensure advisers complied with the law, banning him over his involvement in the licensee's numerous failures. Mark Schroeder ...

Super fund reveals ASX 100 equality laggards

ALLY SELBY  |  TUESDAY, 11 FEB 2020
After admitting its own gender pay gap has grown in the last 12 months, Future Super has ranked the S&P/ASX 100 from best to worst when it comes to gender equality in the workplace. The Gender Equality Report also recommended changes the Aussie businesses ...

Challenger boutique winds up

KANIKA SOOD  |  TUESDAY, 11 FEB 2020
An alternatives boutique that Challenger's multi-boutique business Fidante partnered with in February last year has wound up. London-based FME Asset Management (Financial Markets Engineering) ran a derivatives-based strategy taking positions in ...

Pendal cuts fees on equities fund

KANIKA SOOD  |  TUESDAY, 11 FEB 2020
Pendal has dropped the fees on a $334 million global emerging markets equities fund by 22bps. The Pendal Global Emerging Markets Opportunity Fund lowered its issuer fees from 1.40% per year to 1.18% per year, effective last Thursday. The fund is managed ...

Yarra chief operating officer departs

ELIZABETH MCARTHUR  |  TUESDAY, 11 FEB 2020
The chief operating officer of Yarra Capital Management has retired. Speaking to Financial Standard's sister publication Industry Moves, a spokesperson confirmed Brett Davidson has left the chief operating officer role. "With the business three years ...