ASGARD

Funds management

Westpac has confirmed the potential sale of the Asgard and BT Panorama platform is still a consideration as funds under administration on BT Panorama declines 8%....

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Policy & Regulation

Westpac-subsidiary BT Funds Management has been fined $20 million for incorrectly charging commission payments to certain superannuation fund members....

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Financial planning

BT Funds Management and Asgard Capital will pay $3 million after the two entities made false and deceptive conduct to over 400 customers. ...

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Funds management

Westpac’s first-half results announcement has confirmed the brands still under consideration for sale as part of the big banking group’s Portfolio Simplification strategy...

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People & Products

Robert Coulter has been appointed as APAC business development director and will lead the firm’s distribution partnerships in the region....

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Financial planning

Financial advisers have expressed consternation that Asgard has signaled that it will be turning off one-off adviser fees on MySuper accounts. ...

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Financial planning

As platform migrations and consolidation occur, new data is pointing to a still small but growing number of advisers choosing to use industry funds. ...

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Financial planning

Westpac has said it will not be defending ASIC charges against BT Funds Management and Asgard over fee for no service and has apologised to those affected....

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Financial planning

Financial advisers are likely to find themselves with fewer choices of investment platforms as the sector appears to be on the brink of a further round of consolidation....

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Funds management

RARE Infrastructure has announced that its Infrastructure Income Fund will be now available on a number of retail investment platforms, with BT Wrap being the most recent...

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Superannuation

Industry superannuation funds have been confirmed as the winners from the Royal Commission with new research suggesting AMP Limited has been particularly adversely affect...

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People & Products

Charter Hall Direct funds have received positive ratings from Lonsec and Zenith across its suite of open unlisted property funds....

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Funds management

The Perennial Microcap Opportunities Trust was added to the Macquarie Wrap platform, as well as to BT platforms, BT Panorama, BT Wrap and Asgard....

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Funds management

L1 Capital Long Short Fund has been added on BT Wrap, BT Panorama and Asgard platforms....

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Funds management

BlackRock’s concentrated industrial share fund with its 20 to 40 ASX stocks has been added to the BT Wrap and Asgard eWrap platforms. ...

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MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

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