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Showing 7401 - 7410 of 21776 results for "Dec"

ASIC launches action against AFSL, director

ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2019
ASIC has commenced action in the Federal Court in Western Australia focused on the promotion and management of the Sterling Income Trust. The regulator said the action is against Theta Asset Management, an Australian financial services licensee and ...

ASIC lifts ban on new opaque active ETFs

KANIKA SOOD  |  WEDNESDAY, 11 DEC 2019
Fund managers will be allowed to list new non-transparent active ETFs, as ASIC lifts the pause after a six-month-long review. However, it has asked responsible entities and market making agents to review their current arrangements to manage risks. The ...

AMP to cut contribution fees

JAMIE WILLIAMSON  |  WEDNESDAY, 11 DEC 2019
AMP has informed licensees and financial advisers it will phase out contribution fees in Q1 2020. In a letter from AMP managing director of superannuation, retirement and platforms Lara Bourguignon, AMP has said it will cease charging and paying contribution ...

ANZ Private hands out $3.5b mandate

JAMIE WILLIAMSON  |  WEDNESDAY, 11 DEC 2019
ANZ Private has awarded a $3.5 billion mandate for multi-asset tactical asset allocation advisory. DWS was the recipient of the mandate, providing advisory services for tactical asset allocation on multi-asset model portfolios. As a result of the mandate ...

Thousands exit Westpac raise

HARRISON WORLEY  |  WEDNESDAY, 11 DEC 2019
More than 3300 Westpac investors decided to exit the bank's recent share placement plan, taking close to $70 million with them. Westpac has smashed through its target of $500 million on its way to raising $770 million of investor capital, and the big ...

Platform appoints TPB director

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 DEC 2019
A director of the Tax Practitioners Board has joined the board of a managed accounts provider and platform. Julie Berry will replace Peter Brook as a non-executive director at Xplore Wealth. She has been a director of the Tax Practitioners Board for ...

AMP welcomes former PwC partner

ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2019
AMP has announced changes to its board, with the appointment of a former PwC partner as a non-executive director. Rahoul Chowdry will join the board, effective January 1, having held leadership and senior executive roles in the professional services ...

Chief economist update: Businesses remain unmoved by low rates

BENJAMIN ONG  |  WEDNESDAY, 11 DEC 2019
The National Australia Bank's (NAB) latest Business Survey report shows business conditions remained unchanged at a reading of +4 in November (from October) but business confidence fell to a reading of zero, negating October's two-point increase ...

Elders FP to shutter

JAMIE WILLIAMSON  |  TUESDAY, 10 DEC 2019
Elders Financial Planning will be wound down over the coming months, the dealer group has confirmed. In a statement to Financial Standard, a spokesperson for Elders Financial Planning confirmed a decision to close the dealer group was reached at the ...

Real estate manager hires from Cbus

KANIKA SOOD  |  TUESDAY, 10 DEC 2019
A real estate fund manager appointed a head of sustainability, hiring from Cbus Property, in a role that reports to its chief executive. Lorraine Moore joined APN Property Group as head of sustainability at October end. She reports to APN Property Group ...