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Showing 741 - 750 of 5506 results for "September 2000"

Shareholders reject Westpac remuneration report

KARREN VERGARA  |  THURSDAY, 16 DEC 2021
Disgruntled Westpac shareholders rejected the remuneration report at the bank's annual general meeting yesterday. Twenty-nine percent of shareholders voted down adopting the remuneration report, marking the first strike. Should 25% or more shareholders ...

Do inflows follow performance?

JAMIE WILLIAMSON  |  FRIDAY, 10 DEC 2021
A recent study found flows to individual funds do directly follow performance, but there's a catch. Rainmaker analysis of actively managed funds data for the 12 months to September this year shows flows follow performance but there is a lag of about ...

Takeovers Panel weighs in on WAM takeover

KARREN VERGARA  |  THURSDAY, 9 DEC 2021
The battle between Wilson Asset Management and PM Capital over a takeover bid for a LIC heats up as the Takeovers Panel weighs in. PM Capital is urging shareholders to allow its PM Capital Global Opportunities Fund (PGF) to take over the PM Capital ...

ASIC sues ANZ in final civil RC case

JAMIE WILLIAMSON  |  THURSDAY, 9 DEC 2021
The big four bank is being sued by the regulator for failing to provide some of the benefits promised to customers who hold offset transaction accounts or 'Breakfree' packages in conduct dating back more than two decades. In what is the last ...

Half of all super products cut fees: Data

JAMIE WILLIAMSON  |  THURSDAY, 9 DEC 2021
Almost half of all superannuation products have seen their fees cut in the last 12 months while 5% of products' fees dropped more than once. Recent analysis of 463 superannuation fund product disclosure statements by Rainmaker Information found ...

Pre-retirees worry about political risks: Survey

KARREN VERGARA  |  TUESDAY, 7 DEC 2021
While Australians believe they are well prepared for retirement, many are worried about the political risks they face once they are retired, research suggests. Illness remains the biggest worry Aussies face in their later years, but regulatory changes ...

Economic recap: Week to December 3

BENJAMIN ONG  |  MONDAY, 6 DEC 2021
Australians all, let us rejoice... for despite the Delta-induced lockdowns in the September quarter, the domestic economy shrank by much less than most of us were expecting. The Australian Bureau of Statistics' (ABS) National Accounts report shows ...

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 ...

Mine Super appoints chief executive

JAMIE WILLIAMSON  |  THURSDAY, 2 DEC 2021
Mine Super has named its new chief executive following the departure of Harry Mitchell in March this year. Vasyl Nair, who has been acting in the role since Mitchell's departure, has now been appointed to the role permanently. Mine Super chair Grahame ...