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Showing 821 - 830 of 5155 results for "Rest"

Adviser imprisoned for super fraud

CHLOE WALKER  |  THURSDAY, 15 DEC 2022
Former Perth financial adviser Rahul Goel has been sentenced to three years in prison for stealing over $35,000 from his clients' superannuation accounts. An ASIC investigation into Goel's misconduct found that between November 2018 and July 2019, the ...

Apollo increases Challenger stake

ANDREW MCKEAN  |  WEDNESDAY, 14 DEC 2022
Apollo Global Management has taken a further stake in Challenger, it now has 19.1% voting power in the ASX-listed investment manager. As previously reported by Financial Standard, last year, Will Vicars' Caledonia sold its 15% stake in Challenger to ...

Fixed interest themes you can't ignore: Janus Henderson

ANDREW MCKEAN  |  TUESDAY, 13 DEC 2022
... limit the economic impact for resources rich countries like Australia. On nationalisation, he said: "When cut-off from the rest of the world during the pandemic, nations' vulnerabilities to supply dislocations and weaknesses in their manufacturing sectors ...

Expand access to financial services: AUSTRAC

CASSANDRA BALDINI  |  FRIDAY, 9 DEC 2022
AUSTRAC has released guidance to banks and superannuation funds on helping those without access to traditional identification documents access financial services. The guidance aims to support people from diverse backgrounds and in challenging circumstances ...

Morningstar restructures investment team

CASSANDRA BALDINI  |  THURSDAY, 8 DEC 2022
Morningstar Australia has announced a restructuring of its manager selection and portfolio management team, bidding farewell to its longstanding director of manager research. The financial services firm said its manager selection sector, which previously ...

DASS clients pushed to accept paltry recoupment

ANDREW MCKEAN  |  FRIDAY, 2 DEC 2022
Dixon Advisory and Superannuation Services administrators have said it's in the best interest of the failed group's creditors to vote in favour of a proposed deed of company arrangement that would see them receiving as little as 3.1 cents on ...

Blackstone restricts withdrawals on US$125bn property fund

CASSANDRA BALDINI  |  FRIDAY, 2 DEC 2022
Blackstone is limiting withdrawals from its US$125 billion real estate income trust (REIT) after a sharp rise in redemption requests. The global investor said the REIT received repurchase requests exceeding both the 2% of net asset value (NAV) monthly ...

Frontier appoints head of equities

JAMIE WILLIAMSON  |  FRIDAY, 2 DEC 2022
... toward this time." He added that he is pleased to have Gunn taking over. "At the same time, we are excited for James and the rest of the equities team, where Fraser has helped build strong capability and culture. Under James' stewardship they are well ...

Rest names new independent chair

JAMIE WILLIAMSON  |  THURSDAY, 1 DEC 2022
Rest chair Ken Marshman will step down at the end of the year, to be replaced by a former Victorian government minister. Marshman has been on the Rest board since December 2017 when he joined as an independent director. In July 2014, he became independent ...

Crescent Wealth responds to PDS error criticism

ANDREW MCKEAN  |  THURSDAY, 1 DEC 2022
... undermines the intention of the performance test regime by permitting a class of super products to underperform compared with the rest of the market," ISA said. "The regulations don't provide sufficient protections for members of funds with faith-based ...