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Showing 1 - 10 of 3758 results for "April"

Advisers urgently call on Treasury to recognise degrees

KARREN VERGARA  |  TUESDAY, 14 MAY 2024
... nearly 30,000 at the end of 2018 in the throes of the Hayne Royal Commission. There were 15,602 active advisers at the end of April this year. While the advice sector may seem fragmented and unable to agree on policy issues, Fox pointed out that SIAA ...

Former super fund adviser receives permanent ban

JAMIE WILLIAMSON  |  TUESDAY, 14 MAY 2024
... recently licensed by Quadrant First, which is a wholly owned subsidiary of Spirit Super. He was licensed by the fund between April 2021 and November 2022. Prior to that, Dzawo was licensed by Link Advice, owned by Link Group, for about three years. Between ...

Rahmani takes up post at Magellan

KARREN VERGARA  |  MONDAY, 13 MAY 2024
... eight years with Macquarie Group. Rahmani takes the reins as Magellan continues in its struggle to stem outflows, finishing April with $1 billion less in funds under management (FUM) to hit another low of $36.3 billion. Its global equities strategy FUM ...

Brisbane financial adviser has assets frozen

ANDREW MCKEAN  |  FRIDAY, 10 MAY 2024
... Court made orders preserving the assets of Prakash and the related companies and restrained him from leaving Australia. On April 19, the parties' consented to a variation to carve outs to those asset preservations orders. The matter is listed for a case ...

AFCA finds more Dixon Advisory victims

KARREN VERGARA  |  FRIDAY, 10 MAY 2024
... Financial Complaints Authority (AFCA) added 544 more Dixon Advisory-specific victims to total 2492 complaints at the end of April, which will further exacerbate the costs and levy financial advisers must pay. The Financial Advice Association Australia ...

ASIC slams funds' serious deficiencies over advice fee charges

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024
... For its review, ASIC looked at 10 trustees representing about eight million members and $923 billion in assets. Between April 2022 and March 2023, it found that 476,452 member accounts were charged $990.4 million in advice fees by 1803 licensees. It ...

Platinum's FUM dips below $14bn

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2024
... Platinum Investment Management's funds under management took a $1.65 billion hit to finish at $13.5 billion at the end of April. Most of the outflows came from an unnamed institutional investor walking away and product rationalisation initiatives ...

UniSuper outage continues, no cause identified

JAMIE WILLIAMSON  |  TUESDAY, 7 MAY 2024
... capacity," be able to log in to online services, access the app, and see their account balances, however these will be as of April 29 and updated following the full restoration. Chun promised members they will receive daily updates as the restoration ...

Magellan bleeds another $1bn

ANDREW MCKEAN  |  TUESDAY, 7 MAY 2024
Magellan Financial Group has seen a drop of $1 billion in funds under management (FUM) in April, according to its latest monthly update on the ASX. Magellan's FUM now stands at $36.3 billion. The fund manager reported that its net flows were flat, consisting ...

Performance test needs better metrics, durability

KARREN VERGARA  |  MONDAY, 6 MAY 2024
... given the objective to minimise tracking error, he said. Treasury closed its latest YFYS performance test consultation on April 19, which sought feedback on alternative design options. Chu pushed for a testing framework that is more effective and efficient. ...
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