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Showing 1 - 10 of 4046 results for "October"

Former APRA chair joins ASX board

ELIZA BAVIN  |  MONDAY, 6 MAY 2024
... systems board and was a member of the Australian Council of Financial Regulators. Byres stepped down as APRA chair in October 2022 after holding the role for eight years. The appointment comes as Roche continues the program of board renewal. Since taking ...

Chief member officer leaves Insignia Financial

JAMIE WILLIAMSON  |  WEDNESDAY, 1 MAY 2024
... consultant rejoined Russell as head of Australia and New Zealand in 2013 before being promoted to regional head. Last October, she stepped down after 17 years at the firm. Commenting on the appointment, Insignia chair Allan Griffiths noted Hampshire's ...

LIT delisting simplifies Forager: CIO

KARREN VERGARA  |  TUESDAY, 23 APR 2024
... average discount of more than 14% to net asset value in the six months before it announced the intention to delist last October. It was trading a $1.48 per share at the time of writing, peaking about at $2.09 in 2018. FOR has returned 19.8% in the last ...

Macquarie Bank to pay $10m for unauthorised fee transactions

ELIZA BAVIN  |  MONDAY, 22 APR 2024
... financial services efficiently, honestly and fairly and as a result it has become liable for a substantial penalty." Between October 2016 and October 2019, Hopkins made 167 unauthorised transactions on 13 of his clients' cash management accounts via ...

Netwealth's share price rises following strong inflows

ANDREW MCKEAN  |  FRIDAY, 12 APR 2024
... across all segments. The group also flagged that founder Michael Heine, who stepped back from day-to-day management in October 2022 to become an executive director will now transition to a non-executive director role as he approaches his 75 th birthday. ...

'Licensee for hire' fined $1.25m by court

JAMIE WILLIAMSON  |  THURSDAY, 11 APR 2024
... issued civil penalty proceedings against wholesale licensee Lanterne Fund Services, alleging that between March 2019 and October 2021 it failed to comply with six of the obligations of AFSL holders. ASIC's beliefs were backed by the Federal Court, which ...

Morningstar warns of stretched valuations in Australian equities

ANDREW MCKEAN  |  TUESDAY, 9 APR 2024
... following a strong rally, according to Morningstar's Q2 2024 outlook. The S&P/ASX 200 benchmark has climbed about 15% from its October 2023 lows to hover around 7800, signalling what Morningstar called a "modest overvaluation" with stocks trading on ...

Forager schedules LIT delisting

KARREN VERGARA  |  MONDAY, 8 APR 2024
... at an average discount of more than 14% to net asset value in the six months before it announced it was delisting last October. FOR's average daily traded volume was just 37,186 units with a value of about $46,057. This represents just 0.037% of ...

Wholesale investor tests up for parliamentary review

KARREN VERGARA  |  MONDAY, 25 MAR 2024
... May 15 to file a submission. The new inquiry builds on Treasury announcing a review of the regulatory framework in the October 2022-23 Budget. This was followed by opening consultations to shake up the $2.7 trillion managed investment scheme (MIS) sector ...

Financial services class actions surge

JAMIE WILLIAMSON  |  WEDNESDAY, 20 MAR 2024
... action was filed against IC Markets for consumer harm caused by offering retail investors the ability to trade CFDs. In October 2023, a class action was filed against BT Funds Management as trustee of BT Super, while IG Markets was the target of two ...
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