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Search ResultsShowing 1 - 10 of 100+ results for "Class"
Class action over YouTube fundie fallout
ELIZABETH MCARTHUR  |  FRIDAY, 7 AUG 2020
UK investment giant Hargreaves Lansdown is facing a potential class action over its alleged promotion of Neil Woodford's funds. The Woodford Equity Income Fund was spectacularly wound up after its namesake star fundie Neil Woodford offered an emotional ...
Alex Wade to leave AMP
JAMIE WILLIAMSON  |  THURSDAY, 6 AUG 2020
... banking units, creating AMP Australia and Wade was named chief executive. His resignation comes as AMP battles numerous class actions, one filed on behalf of its own financial advisers who have seen the value of their businesses decimated by the group's ...
Vanguard funds downgraded by Morningstar
KANIKA SOOD  |  WEDNESDAY, 5 AUG 2020
... to make it clear that the investment process, including the strategic asset allocation process undertaken by the world class investment management group, remains unchanged since being rated by Morningstar as Gold." At the time of the ratings changes ...
Bain Capital begins restructure reckoning
ALLY SELBY  |  WEDNESDAY, 5 AUG 2020
... base and simplifying its fleet, focusing on customer value, harnessing employee and customer culture, investing in world class digital and data technologies, backing a strong balance sheet, and investing in jobs and future growth. Bain Capital Australia ...
Lazard dumps AMP shares
ELIZABETH MCARTHUR  |  TUESDAY, 4 AUG 2020
... below the 5% threshold for significant ownership comes after some turmoil at AMP. Last week alone AMP was hit with two class actions and announced to the market that it expected profits to be 50% lower due to the impacts of COVID-19 . One of those class ...
Class bolsters tech team
ALLY SELBY  |  TUESDAY, 4 AUG 2020
The self-managed super fund administration and software provider has appointed two new technology leads, set to help Class continue to grow and innovate. Jarrod Yates and Glen MacLarty have been appointed as head of technology product and NextGen respectively ...
Perpetual opens retail raise
ANNABELLE DICKSON  |  TUESDAY, 4 AUG 2020
... chief executive and managing director Rob Adams said: "This is a compelling acquisition. It provides Perpetual with world-class investment teams, diversifies our client base by sector and geography, and presents us with significant growth opportunities ...
Magellan to restructure retail global equities funds
KANIKA SOOD  |  MONDAY, 3 AUG 2020
... and LIT versions of the Magellan Global Fund. Magellan will create a single trust and issue two unit classes - an open class (for the unlisted fund and the active ETF) and a closed class (for the LIT). It needs unitholder approval from investors in all ...
Netwealth hits fund managers with new fee
KANIKA SOOD  |  FRIDAY, 31 JUL 2020
... receive a commercial benefit by Netwealth administering the fee. The alternative for managers is to issue another unit class that is costly." As an alternative, Netwealth's Investor Rewards program, which is admin fee free, allows fund managers to rebate ...
AMP, BT and CBA to face class action
ELIZABETH MCARTHUR  |  FRIDAY, 31 JUL 2020
A new class action from Shine Lawyers alleges that more than half a million Australians were charged excessive insurance premiums by financial advisers aligned with AMP, BT and Commonwealth Bank. Proceedings have already been filed against AMP, which ...
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