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Showing 801 - 810 of 8321 results for "retail"

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 ...

$100bn withdrawal triggers First Republic stock plunge

ANDREW MCKEAN  |  WEDNESDAY, 26 APR 2023
... chief investment officer Sally Auld pointed out that Silicon Valley Bank had a highly concentrated deposit base, with few retail investors and numerous business deposits originating from the same industry (technology) and region (US West Coast). As the ...

CVC sells 20% stake in Eildon

KARREN VERGARA  |  MONDAY, 24 APR 2023
... distributing CVC Notes 2 because of deficiencies with its Target Market Determination (TMD). ASIC said the move was "to protect retail investors from potentially acquiring an investment product that may not be suitable for their financial objectives ...

Modern slavery on the rise a decade on from Rana Plaza

RACHEL ALEMBAKIS  |  FRIDAY, 21 APR 2023
... multi-stakeholder-driven accords were created - the legally binding Bangladesh Accord on Fire and Building Safety (the Accord), the retail-driven Alliance on Bangladesh Worker Safety (the Alliance) and the complementing Better Work Programme. "The Bangladesh ...

Challenger reports strong retail annuity sales

ANDREW MCKEAN  |  THURSDAY, 20 APR 2023
In an ASX announcement, Challenger reported a significant uptick in retail annuity sales in quarter three. Challenger's total Life sales were $2 billion, reflecting strong retail and Japanese sales. However, institutional sales ($1 billion) fell ...

MA Financial buys marinas, launches fund

CHLOE WALKER  |  THURSDAY, 20 APR 2023
... the marina portfolio is a natural fit for the firm which already has significant investment and operational capability in retail, hospitality, and other alternative real estate assets. "We are excited to enter the marina sector and welcome this alternate ...