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18 April 2018 • By Tim Stewart • 1 min read

AMP refuses to cut fees on ‘red’ rated platforms

AMP has admitted to the royal commission it failed to reprice investment products that its internal benchmarking identified as being ‘uncompetitive’ ...

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Netwealth funds under admin reaches $16bn

Non-bank platform provider Netwealth's funds under administration has hit $16 billion thanks to net fund flows of $879 million, according to its ...

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AMP admits it misled ASIC 20 times

AMP's share price took a battering yesterday as the company admitted it made at least 20 "false and misleading" statements to ASIC over the past seven ...

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Private equity outfit acquires Madison

Non-bank licensee Madison Financial Group has been acquired by a private equity start-up with links to foreign capital, after current owner PHAROS ...

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Vanguard launches two active ETFs

Vanguard has launched two active factor exchange traded funds which have already begun trading on the ASX. According to a statement, Vanguard said ...

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CBA announces CFSGAM IPO

The Commonwealth Bank of Australia has confirmed it will list wealth management subsidiary Colonial First State Global Asset Management (CFSGAM) on ...

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‘Tech bubble’ fears overstated: Lonsec

Despite the dip in Facebook's share price in recent weeks, investor concerns about a repeat of the late 1990s 'tech bubble' are misplaced, says Lonsec

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IFM Investors acquires $3.4bn in infrastructure

Global fund manager IFM Investors has acquired 100 per cent of OHL Concesiones, a portfolio of transportation infrastructure assets in Spain, Mexico, ...

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Industry Super Australia CEO departs

The longstanding chief executive of Industry Super Australia, David Whiteley, will leave the lobby group after leading it for 12 years to join IFM ...

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US/China engaged in a 'phoney' trade war

The tit-for-tat tariff proposals between China and the US are too trivial to be called a 'trade war', says AMP Capital. AMP Capital chief ...

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