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03 July 2020 • By Sarah Kendell • 1 min read

Wealth manager cops fine for trading breaches

A global wealth management firm has been slapped with a $75,000 fine from the corporate regulator for breaching trading rules around on-market ...

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JobKeeper withdrawal consequences ‘disastrous’

Withdrawal of the government’s JobKeeper scheme in September would be catastrophic for the economy given the COVID recession will be at least three ...

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UK-Australia passport to boost financial services

The first free trade agreement negotiated between Australia and the UK in over 40 years could see the creation of a passport-style regime allowing ...

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Chinese financier consents to Madison sale

An investment manager has completed its purchase of a number of wealth management businesses, including a mid-sized dealer group, after a Chinese ...

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APRA zeroes in on intra-fund advice, insurance

The prudential regulator has asked super funds for more detailed data on the giving of intra-fund advice and how member insurance arrangements have ...

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Commonwealth Bank in conflicted remuneration case

The corporate regulator has commenced proceedings against a major bank for breaching conflicted remuneration laws after more than $22 million was paid ...

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Fund managers to join activists in pushing for change

Fund managers will increasingly take on the role of activists in helping push for social change in the coming decade, a global asset manager has said

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ASIC imposes licence conditions on fund administrator

A custodian and fund administrator has had additional conditions imposed on its licence after it deposited money into unauthorised client bank ...

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Government confirms first recession in 29 years

The government has confirmed Australia will enter recession for the first time in almost three decades, with the economy contracting in the first ...

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Iress acquires OneVue

Australia's biggest provider of financial advice technology has announced it will acquire a major listed platform provider. In a statement, Iress ...

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