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Showing 971 - 980 of 6261 results for "DET"

ASIC cracks down on CFDs, OTC derivatives

KARREN VERGARA  |  WEDNESDAY, 6 SEP 2023
ASIC continues to crack down on providers of contracts for difference (CFD), options and other high-risk products that flout their target market determinations (TMD), and design and distribution obligations (DDO). The newly published Report 770 Design ...

K2 told to freeze distribution of fund

JAMIE WILLIAMSON  |  MONDAY, 4 SEP 2023
ASIC placed an interim stop order on a residential property fund promoted by K2 Asset Management due to issues with its target market determination (TMD). K2 Asset Management cannot distribute the Storehouse Residential Trust or any information about ...

Saxo APAC asset management lead exits

KARREN VERGARA  |  MONDAY, 4 SEP 2023
The head of Saxo Markets' asset management for Asia Pacific has left the company after two years. Sydney-based Manish Prasad was appointed to the role in June 2021 and has recently left the firm, Saxo confirmed. Prasad was hired at a time when Saxo ...

Sequoia liquidates Libertas Financial Planning

KARREN VERGARA  |  FRIDAY, 1 SEP 2023
Libertas Financial Planning is in the process of liquidation, a decision made by parent company Sequoia Financial Group four years after it was acquired. Libertas' operations and customers will transfer to Interprac Financial Planning and Sequoia ...

Commonwealth to disclose climate risks in sovereign bonds

ROSE MARY PETRASS  |  THURSDAY, 31 AUG 2023
The Commonwealth of Australia will disclose climate risk in sovereign bonds for the first time following the settlement of a world-first class action lawsuit. The case, filed in 2020 by retail investor Kathleen O'Donnell, was represented pro bono ...

RBA considers impact of climate on monetary policy

RACHEL ALEMBAKIS  |  WEDNESDAY, 30 AUG 2023
The Reserve Bank of Australia is assessing how the economic effects of climate change may affect monetary policy, including the merits of flexible inflation targeting. Speaking at the Sir Leslie Melville Lecture in Canberra, future governor Michele ...

Praemium reports strong growth in FY23

CHLOE WALKER  |  TUESDAY, 29 AUG 2023
Praemium has reported an uplift in business performance following the divestment of its international business. Reporting to the ASX today, Praemium posted a 23% uplift in underlying earnings before interest to $23.4 million, compared to the $19.1 million ...

Unlisted asset valuation flaws complicate comparison

ANDREW MCKEAN  |  TUESDAY, 29 AUG 2023
Inherent flaws in unlisted asset valuations complicates the transparency of performance comparisons for superannuation fund members. Australian Retirement Trust chief investment officer Ian Patrick told the AIST Superannuation Investment Conference ...

HUB24 profits surge 64%

CHLOE WALKER  |  TUESDAY, 22 AUG 2023
HUB24 has reported underlying net profits under tax of $58.8 million, up 64% from the year prior, and a 15% increase in the number of advisers on its books. Reporting to the ASX today, the platform has also had an underlying group EBITDA of $102.4 million ...

ASIC cracks down on former adviser, comedian

JAMIE WILLIAMSON  |  TUESDAY, 22 AUG 2023
A former financial adviser who doubles as a comedian has had his assets frozen and been barred from leaving the country as the regulator investigates fees charged to client superannuation accounts. Last month, David Mario Valvo of Sydney was ordered ...