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General

ASIC imposes three-year ban on South Australian adviser

The Australian Securities and Investments Commission (ASIC) has banned Shane Holmes of Frewville, South Australia from acting...

Challenger closes down operations in the UK

Challenger International Limited (CLI) has decided to close its UK operations after reviewing the company’s operations. The decision follows the results of the review...

Disqualified Sydney businessman sentenced to jail

Sydney businessman Stephen John Taylor was sentenced to six months jail today after pleading guilty to two charges of managing a corporation whilst disqualified...

Midday market wrap: Australian shares open lower

The Australian share market followed major offshore markets lower Monday morning...

Sharp reduction in inheritance wealth despite rise in per capita income: AMP

Four in five baby boomers mightn’t receive a significant inheritance, despite accumulated wealth per Australian having tripled since the 1960s...

Van Global hedge fund climbs 3.4% in May

The Van Global Hedge Fund Index rose 3.4 per cent net of fees in May – increasing its year-to-date return to 6.7% net – and hedge funds...

AMP Banking drops one year fixed rate to 4.99%

Amid predications that the Reserve Bank of Australia (RBA) may soon lower interest rates, AMP Banking has reduced...

InTech appoints Monaghan as chief executive officer

InTech has appointed   Michael Monaghan to the position of chief executive officer, it has announced. Monaghan was formerly the regional chief operating...

Berkley Group launches admin tool for high-end investors

The Berkley Group has launched a new administration tool – Wraport Portfolio Services – exclusively for use of high net worth investors, it has announced...

NAB Looking For Rate Cuts

The chorus backing local interest rate cuts continues to grow louder...