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Showing 891 - 900 of 8316 results for "Retail"

APRA, ASIC concerned over premium increases

CHLOE WALKER  |  FRIDAY, 9 DEC 2022
APRA and ASIC have asked the chief executives of life insurers to explain the continuing increases to retail insurance premiums following complaints from consumers and reportable situations. In a joint letter, the regulators said they're concerned premium ...

PM Capital appoints distribution director

ELIZABETH FRY  |  FRIDAY, 9 DEC 2022
The former general manager of retail distribution at Challenger has taken on a new role at PM Capital. PM Capital has confirmed the appointment of Luke Cheetham as director of distribution. He will be responsible for the distribution of the firm's ...

2023 the year for fixed income: Schroders

CHLOE WALKER  |  THURSDAY, 8 DEC 2022
... through several transitions. "Fixed income has been labelled "boring" at very low yields, to now "terrifying" for a lot of retail investors," Wood said. "But today, the real risk of recession sets fixed income up to being an outstanding asset class next ...

Magellan FUM back at $50bn

CASSANDRA BALDINI  |  TUESDAY, 6 DEC 2022
... $51.0 last month. The drop was attributed to a loss of $2.5 billion in net outflows throughout the month, comprised of net retail outflows of $0.6 billion and net institutional outflows of $1.9 billion. Its retail FUM now sits at $20.6 billion while ...

ASIC launches civil action against American Express

CASSANDRA BALDINI  |  TUESDAY, 6 DEC 2022
ASIC has commenced the first ever court case in relation to alleged breaches of design and distribution obligations (DDO). The case concerns two credit cards issued by American Express (Amex) that were co-branded with retailer David Jones (the credit ...

ASIC hands out more interim stop orders

CHLOE WALKER  |  MONDAY, 5 DEC 2022
In a bid to protect retail investors from funds that may not be suitable for their financial objectives, situation or needs, the corporate regulator has placed interim stop orders on both Australian Fiduciaries Limited (AFL) and APS Savings Limited ...

Australian Ethical appoints chief executive, superannuation

ELIZABETH FRY  |  MONDAY, 5 DEC 2022
... sustainable technology across the business. He joins Australian Ethical from HSBC Australia, where he was head of IT for retail banking and wealth. Australian Ethical managing director John McMurdo commented that the calibre of the two executives will ...

Rest names new independent chair

JAMIE WILLIAMSON  |  THURSDAY, 1 DEC 2022
... best possible retirement outcomes for members. "Rest represents Australians working in a range of industries, including retail, food and logistics. These are the people who keep our community functioning. The past few years has taught us just how critical ...

MaxCap sells logistics site to Brookfield

JAMIE WILLIAMSON  |  WEDNESDAY, 30 NOV 2022
MaxCap Group has offloaded more than 12 hectares in Sydney's inner west to Brookfield. The Villawood site was the fifth asset acquired by the MaxCap Industrial Opportunity Fund (MIOF), which purchased it in May 2021. It has since received planning permit ...

Property trusts hit with stop orders

CHLOE WALKER  |  TUESDAY, 22 NOV 2022
MPG Funds Management Limited (MPG) has been banned from offering or distributing two of its property trusts to retail investors because of poor target market determinations (TMDs). The interim stop orders, implemented by ASIC, prohibit MPG from issuing ...