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Showing 791 - 800 of 8316 results for "Retail"

Vanguard restructures retail unit, creates executive roles

KARREN VERGARA  |  FRIDAY, 19 MAY 2023
... superannuation and Personal Investor businesses, appointing two executives to newly created roles to help lead the merged retail units. The fund manager will merge the two retail divisions comprising superannuation and non-superannuation offerings. Renae ...

ASIC issues stop orders to Saxo

CASSANDRA BALDINI  |  FRIDAY, 19 MAY 2023
... concerns. ASIC said the stop orders, handed down on Tuesday, prevented Saxo from issuing new contracts for difference (CFDs) to retail clients because of deficiencies in its TMDs. The orders were revoked yesterday after Saxo amended the TMDs to address ...

Former Mason Stevens chief sells boutique

KARREN VERGARA  |  WEDNESDAY, 17 MAY 2023
... and complementary capabilities on many levels. In partnering with Equity Trustees, ALC will enable the company to offer retail-compliant products to an expanded client base, he said. "The initial product line-up will consist of ALC Global Credit Fund ...

Super fund ASX dominance stable: Research

KARREN VERGARA  |  WEDNESDAY, 17 MAY 2023
... broadly in line with the 37% ownership super funds held at the end of March 2021, split across not-for-profit funds (13%), retail funds (9%) and smaller funds or self-managed super funds (15%). At the end of June 2022, industry super funds held 18% of ...

Class action commenced against IG Markets

JAMIE WILLIAMSON  |  THURSDAY, 11 MAY 2023
... "The Federal Court of Australia has described these products as "financial heroin hits" in the hands of unsophisticated retail investors," the two firms said. According to Piper Alderman and Omni Bridgeway, hundreds of investors have already registered ...

SEC charges duo over church-based fraud

JAMIE WILLIAMSON  |  FRIDAY, 5 MAY 2023
... Angeles Regional Office director Michele Wein Layne said. "This action demonstrates our continued commitment to protecting retail investors, including victims of affinity fraud." The defendants are charged with violating the antifraud provisions of the ...

Industry funds gain ground in retirement asset battle: KPMG

ANDREW MCKEAN  |  FRIDAY, 5 MAY 2023
... ground in the battle for retirement assets, with their market share increasing 2% between 2021 and 2022, challenging the retail sector's long-standing dominance in pension accounts. According to a KPMG report, although Insignia, Colonial First State ...

More misfortune for Magellan

CHLOE WALKER  |  THURSDAY, 4 MAY 2023
... total funds under management (FUM), falling a further $0.5 billion. It saw net outflows of $2.4 billion, comprising net retail outflows of $0.4 billion and net institutional outflows of $2.0 billion. By asset class, the fund manager reported a loss of ...

Industry fund market share soars: KPMG

ANDREW MCKEAN  |  THURSDAY, 4 MAY 2023
... account for 58% of non-SMSF super industry assets, made up of three industry funds, one public sector funds, and three retail funds. Comparatively, in 2021, there was only one industry fund, AustralianSuper, that held a position among the mega-funds. ...

Issuers must lift DDO game: ASIC

CASSANDRA BALDINI  |  THURSDAY, 4 MAY 2023
... ASIC has placed interim stop orders on 26 investment products from 18 issuers which totals $6.6 billion in funds backed by retail investors. These actions resulted in 12 issuers amending 18 target market determinations (TMD) to address the deficiencies ...