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Showing 851 - 860 of 2838 results for "OCC"

Macquarie Securities slapped with $126k fine

KARREN VERGARA  |  TUESDAY, 18 MAY 2021
Macquarie Securities Australia (MSA) has copped a $126,000 fine for breaching market integrity rules, making this its fifth infringement in the last six years. The Markets Disciplinary Panel (MDP) found that MSA failed to follow a client's instruction ...

IOOF awards $23bn passive mandate

JAMIE WILLIAMSON  |  TUESDAY, 18 MAY 2021
IOOF has handed a $23 billion index investing mandate to a global investment manager following Vanguard's decision to stop managing passive strategies for other institutions. Having acquired ANZ's pensions and investments business last year, IOOF found ...

Former Westpac chief executive in new role

KANIKA SOOD  |  TUESDAY, 11 MAY 2021
Former Westpac chief executive Brian Hartzer has joined an investment advisory founded last year. In his new role, he is working as a senior adviser to Melbourne-based Sayers which launched last year. "We're assembling a team of the brightest minds ...

Chief economist update: A date with the RBA in July

BENJAMIN ONG  |  WEDNESDAY, 5 MAY 2021
The Reserve Bank of Australia's (RBA) May the fourth Board meeting would have been a ho-hum event had it not been for the month of July. As expected, the RBA left monetary policy settings unchanged - "including the targets of 10 basis points for ...

Westpac to face court over insider trading

JAMIE WILLIAMSON  |  WEDNESDAY, 5 MAY 2021
ASIC has commenced civil proceedings against Westpac for insider trading on a $12 billion deal with AustralianSuper and a group of IFM entities. Westpac will face off against the regulator in the Federal Court on allegations of insider trading, unconscionable ...

More members monitoring superannuation

KARREN VERGARA  |  MONDAY, 3 MAY 2021
More than half of superannuation members surveyed by MLC reveal they are taking their retirement savings more seriously and are watching the stock markets more closely than ever. About 53% of the 1004 participants that took part in the survey said they ...

Labor won't support YFYS Bill in current form

KANIKA SOOD  |  FRIDAY, 30 APR 2021
Labor senators' dissenting report on Your Future, Your Super reforms published yesterday says the opposition can't recommend the Bill passes in its current form for reasons including its rushed start date. Senate Economics Legislation released ...

Go, iron ore, go

BENJAMIN ONG  |  WEDNESDAY, 28 APR 2021
Just a wittle more, a wittle more... Yes Virginia, just another US$12.71 per tonne (6.6%) and the spot price of iron ore will be line ball with the all-time high of US$191.70 a tonne it set way back a decade earlier (February 2011). For sure, there ...

Dealer group offers new fee structure

ELIZABETH MCARTHUR  |  TUESDAY, 27 APR 2021
A dealer group is offering a new fee structure for financial advisers who choose to work part-time. Centrepoint Alliance has launched a new flexible fee model, available to financial advice firms with more than one authorised representative. For advisers ...

Government opens consultation on key advice reforms

JAMIE WILLIAMSON  |  MONDAY, 19 APR 2021
The federal government has released draft legislation outlining the function of ASIC's Financial Services and Credit Panel as the single disciplinary body for financial advisers. The government is proposing the ASIC FSCP exercise the functions of ...