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| | | ... better than others." Ross pointed out CFS' results were based on the wealth manager's latest unit pricing, which does not include administration fees, while AustralianSuper's results are based on cumulative returns, which is only an indication ... |
| | | | ... A spokesperson told Financial Standard FASEA is preparing a statement on the issue. The spokesperson noted that FASEA does not have effective control over the CPD requirement as FASEA is not a monitoring and enforcing body - rather, it is the requirement ... |
| | | | ... markets have reacted with volatility. Janus Henderson global head of fixed income, Jim Cielinski, said the Fed's cut would not cure market volatility or the economic slowdown. "We recommend investors remain cautious, recognizing that bonds have provided ... |
| | | | ... California Financing Law (CFL) license issued to its affiliate, Afterpay US Services, LLC." Despite this, Afterpay maintains it was not providing an illegal service. "Afterpay had been operating a consumer credit sale product in the state of California ... |
| | | | The Philippines Stock Exchange (PSE) has announced it will halt trade until further notice, making it the first nation to close markets. The PSE made the announcement to the stock market, saying the decision is to ensure the safety of employees and ... |
| | | | ... the only way he could see he would be able to pay off the debts was to try and win some money, creating a spiral. ASIC has not said what penalty it is seeking in this case and a date has not been set for the hearing. In the AgriAdvantage case, ASIC contends ... |
| | | | ... UniSuper's actions will depend on how many other funds do the same, Pearce concluded. "We are only one fund... Of course, we are not privy to the thinking of other funds who lend their stock," he said. On Friday, the UK's Financial Conduct Authority ... |
| | | | The former chief investment officer for ANZ Wealth has left the business as part of the extensive job losses announced last week. Financial Standard understands Mark Rider, ANZ Wealth's chief investment officer since March 2017, has left the business. ... |
| | | | ... processing and risk management capabilities of market infrastructure and market participants," ASIC said. The regulator said it did not expect the new limit to impact the ability of retail customers to execute trades, and added it would continue to monitor ... |
| | | | ... expected during a very challenging period," he said. "At various times in the past, concerns have been raised that ETFs have not been tested in rapidly falling markets. "In our view, the fact that ETFs have delivered liquidity and efficiency in this ... |
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