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01 August 2017 • By • 1 min read

ASIC agrees to EU with Findex

A subsidiary of the Findex Group will enter into an enforceable undertaking (EU) after ASIC surveillance found a number failures regarding client ...

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Super Auditors and ASF Audits to merge

SMSF auditing firms ASF Audits and Super Auditors have announced their intention to merge, creating a firm that will service over 12,000 self-managed ...

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RBA holds rates steady for August

The Reserve Bank of Australia has kept the official cash rate ‘on hold’ at 1.5 per cent for the 11th month in a row. As widely expected, the RBA ...

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Flight to passive making active harder: S&P

Rather than creating new opportunities for stock pickers, outflows to passive strategies are making active managers’ lives more difficult, according ...

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Recession risks remains low, says SLI

The chances of a global economic recession led by a US downturn are relatively low, according to new economic modelling conducted by Standard Life ...

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BT platforms add L1 Capital long/short fund

Melbourne-based boutique L1 Capital’s long/short equities fund has been added to BT’s suite of investment platforms. BT Wrap, BT Panorama and ...

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Financial services tipped as ‘hot’ M&A sector

Financial services has been earmarked as one of the “hot” sectors for M&A throughout the next financial year, according to a report by Minter ...

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Westpac executive joins Crestone

Crestone Wealth Management Group has welcomed a Westpac executive onto their board as an independent director. Westpac board member Peter Hawkins ...

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Former ME Bank CEO joins Powerwrap board

Powerwrap has appointed Anthony Wamsteker, founding chief executive of ME Bank, as a non-executive director. Mr Wamsteker helped to establish the ...

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Days numbered for ‘notionally active’ managers

The tolerance for large active managers producing index-like returns is over, says UK firm RWC Partners – and current outflows to passive products are ...

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