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Showing 821 - 830 of 4334 results for "FIG"

Rural FM dupes investors: Short-seller

KARREN VERGARA  |  FRIDAY, 9 AUG 2019
An activist short-seller has valued Rural Funds Management's agricultural fund as "ultimately worthless," alleging it is falsifying accounts and over-inflating assets. Bonitas is accusing RFM, the responsible entity for ASX-listed Rural Funds Group ...

Westpac fined over reporting failure

ELIZABETH MCARTHUR  |  THURSDAY, 8 AUG 2019
APRA has handed Westpac the maximum financial penalty it can for failing to meet reporting obligations. Westpac and its subsidiaries St George Finance Holdings and Capital Finance Australia will pay more than $1.5 million after breaching requirements ...

ASIC reveals advice remediation progress

HARRISON WORLEY  |  THURSDAY, 1 AUG 2019
A 2017 report by ASIC into how the big banks and AMP oversee financial advisers has netted less than $120 million in remediation to date. AMP, ANZ, Commonwealth Bank, NAB and Westpac have paid a total of $119.7 million [see figure 1] in remediation ...

Financial services boom rolls on

KARREN VERGARA  |  WEDNESDAY, 31 JUL 2019
The financial services industry continues to be the largest contributor to economic growth and pays employees above-average wages, according to a new report. Data compiled by the Financial Services Council in its 2019 State of the Industry report shows ...

Suncorp pressured on coal

ELIZABETH MCARTHUR  |  THURSDAY, 25 JUL 2019
Suncorp was hit with a shareholder resolution today demanding it reduce its investment and underwriting exposures to coal, oil and gas. Market Forces lodged the resolution on behalf of 100 Suncorp shareholders. Suncorp confirmed it has received the ...

Active, passive investing continues to confuse: Research

HARRISON WORLEY  |  WEDNESDAY, 24 JUL 2019
Active and passive management are still confusing investors, according to Natixis Investment Managers. Latest research from the global investment giant shows just over two thirds of surveyed investors across the globe understand the difference between ...

New Zealand retirement system under review

HARRISON WORLEY  |  MONDAY, 22 JUL 2019
New Zealand's retirement income system is under review, determined to measure the impact of shifting labour forces and declining home ownership. Submissions are open for the Commission for Financial Capability's (CFFC) three-yearly review of ...

Reform implementation timeframe too short: AustralianSuper

HARRISON WORLEY  |  WEDNESDAY, 17 JUL 2019
The Government's move to require superannuation trustees to stop providing opt-out insurance to new members under-25 or with low balance accounts by October 1 has riled Australia's largest fund. Airing the fund's position on the Government's ...

Super funds keen on alternatives managers

KANIKA SOOD  |  WEDNESDAY, 17 JUL 2019
Alternatives managers continued to win the biggest slice of institutional mandates awarded in Australia in the year to March end, according to the latest Rainmaker Mandate Chaser report. Not-for-profit superannuation funds and investment managers handed ...

Impact investing under threat

ELIZABETH MCARTHUR  |  TUESDAY, 16 JUL 2019
Advocates of impact investing are in fear for the future of the movement, issuing warnings about the dangers of impact-washing. A recent analysis of green themed funds around the globe found 85% make unsubstantiated and misleading impact-related claims ...