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Showing 911 - 920 of 8321 results for "Retail"

ASIC suspends FTX Australia's licence

ANDREW MCKEAN  |  WEDNESDAY, 16 NOV 2022
... it to deal in, make a market for and provide general advice relating to derivatives, and foreign exchange contracts to retail and wholesale clients. FTX Australia can apply to the Administrative Appeals Tribunal for a review of ASIC's decision. Although ...

Insignia revamps wrap platform

ANDREW MCKEAN  |  MONDAY, 14 NOV 2022
... listed investments in the S&P All Ordinaries Index, plus several NAB term deposits. MLC Life Insurance has been added to the retail insurance offer for super clients, to complement the existing panel of AIA, TAL, and Zurich. Among other changes developed ...

Factor investors increase allocations: Invesco

CHLOE WALKER  |  MONDAY, 14 NOV 2022
... outperform in an inflationary environment with slow economic growth. The study, based on interviews with 151 institutional and retail factor practitioners managing over US$25.4 trillion ($37.9 trillion) in combined assets, looked at several themes relating ...

Super fund with highest customer satisfaction named

ANDREW MCKEAN  |  THURSDAY, 10 NOV 2022
... from the year prior to 74.9%, although this is still the highest customer satisfaction rating of any super fund category. Retail funds dropped the most, down by 4.9% from the year prior to 61%. Public sector funds' customer satisfaction also fell ...

ASIC issues more stop orders

CHLOE WALKER  |  THURSDAY, 10 NOV 2022
... market." ASIC's penalty stops Finnia from issuing interests in, giving a prospectus for or providing financial advice to retail clients under the existing TMDs. It previously placed a separate interim stop order on the same prospectus due to disclosure ...

SMSF growth slows, allocations shift

CHLOE WALKER  |  WEDNESDAY, 9 NOV 2022
... five years ending March 2022, their total assets had grown only 5.4% per annum, while NFP funds grew at a rate of 10.1%. Retail super funds grew even slower than SMSFs, increasing just 3.1% per annum. Despite these dampened metrics, Rainmaker Information ...

GSFM strengthens distribution capabilities

JAMIE WILLIAMSON  |  TUESDAY, 8 NOV 2022
... consultant and wholesale distribution. Effective October 31, Michael Angwin has joined the fund manager, reporting to head of retail distribution Stephen Fletcher. Angwin was most recently director, institutional and intermediary business for Australia ...

BlackRock expands proxy voting to retail investors

ANDREW MCKEAN  |  FRIDAY, 4 NOV 2022
BlackRock will allow individual investors in select mutual funds in the UK to engage in proxy voting via its technology platform Voting Choice. BlackRock chair and chief executive Larry Fink said it's clear investors don't want to sit on the ...

October proves kinder to Magellan

CHLOE WALKER  |  FRIDAY, 4 NOV 2022
... experienced net outflows of $2.4 billion; $2 billion was redeemed by institutional investors while the balance was net retail outflows. In September, the group stated $3.6 billion of net outflows, $3.2 billion of which was institutional FUM while $0.4 ...

APRA slaps extra conditions on Insignia trustees

JAMIE WILLIAMSON  |  FRIDAY, 4 NOV 2022
... timely manner and a breach by OnePath Custodians of a previous APRA direction. "The Insignia Trustees make up the largest retail superannuation fund in Australia. As such, APRA expects a high standard of governance and risk management practices to ensure ...