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Showing 931 - 940 of 8461 results for "Day"

Assets under custody hit $4.7tn

ELIZABETH MCARTHUR  |  TUESDAY, 15 FEB 2022
... over 13 million trades during the six months to 31 December 2021. This equates to approximately 101,000 settled trades per day on behalf of clients. "Innovation, leveraging the right technology partnerships and an ongoing focus on standards has been ...

Scammers prey on lonely hearts

ELIZABETH MCARTHUR  |  MONDAY, 14 FEB 2022
This Valentine's Day, Westpac and the ACCC's Scamwatch is urging people to be aware of love scams. Scamwatch found Australians had lost $56 million to love scams last year. This particular breed of scams appears to be on the rise, with 44% more lost ...

Skill shortages hitting advice firms hard

ELIZABETH MCARTHUR  |  MONDAY, 14 FEB 2022
The financial advice sector is facing a shortage of skills, forcing firms to change how they do things to attract talent. Profusion divisional director Chris Gordon said he has observed a skilled staff shortage in advice, particularly for client service ...

Brookfield mulls spinning off AM business

JAMIE WILLIAMSON  |  FRIDAY, 11 FEB 2022
... exposure to the manager, to own a separate security," he said. Brookfield is considering its options and, at the end of the day, may choose to do nothing, he added. In the same letter, Flatt spoke of the growth the firm has seen in the Asia Pacific region ...

Proxy advice reforms defeated

RACHEL ALEMBAKIS  |  FRIDAY, 11 FEB 2022
... Financial Services Licence (AFSL) and will be required to share their recommendations on a company with the company on the same day it provides that advice to institutional clients. The reforms also stipulated that beginning July 1, proxy advisers would ...

Rainy day funds probed

ELIZABETH MCARTHUR  |  FRIDAY, 11 FEB 2022
... Jason Falinski spent the most recent House Economics Committee hearing probing the implications of super funds creating "rainy day funds" to pay for possible fines and sanctions. At the beginning of the hearing, Falinski asked University of NSW professor ...

Retirement Income Covenant, CCIV reforms pass

KARREN VERGARA  |  FRIDAY, 11 FEB 2022
Two long-awaited reforms, the Retirement Income Covenant and Corporate Collective Investment Vehicle regime, passed parliament yesterday. Superannuation funds will have to provide a retirement income strategy for members to assist them in their later ...

Hostplus hits members with new fee

ELIZABETH MCARTHUR  |  THURSDAY, 10 FEB 2022
... is just the latest in a series of profit to member funds which have gone to the Supreme Court for approval to create "rainy day funds" in case of fines. The changes to the SIS Act in question extended the liability of trustees for penalties and were ...

PE Capital in liquidation

KARREN VERGARA  |  THURSDAY, 10 FEB 2022
... non-executive chair of PE Capital. His LinkedIn now claims he is based in Dubai and is the managing director of Barnes Capital. Simon Day was the chief executive; he worked in corporate finance at PwC and was a partner in mergers and acquisitions at ...

BTC Markets appoints chief operating officer

CHLOE WALKER  |  WEDNESDAY, 9 FEB 2022
... business as well as maintaining elevated levels of customer service." Clive is based in Melbourne and her role will oversee the day-to-day administrative and operational functions of the business, including product, marketing, sales, service, and corporate ...