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Showing 41 - 50 of 7498 results for "Managed"

ASIC bans Queensland financial adviser

ELIZA BAVIN  |  WEDNESDAY, 20 MAR 2024
... 2023, while an authorised representative and responsible manager of Octillion Partner Pty Ltd, Rose recommended six self-managed superannuation fund (SMSF) clients to invest their superannuation in a financial product. ASIC found that Rose engaged in ...

Inaugural CSLR levy slugs advisers $18.5m

KARREN VERGARA  |  TUESDAY, 19 MAR 2024
... victims of Dixon Advisory and Superannuation Services (DASS). There are still an outstanding number of former DASS self-managed super fund (SMSF) clients who have not yet lodged a complaint and have until April 8 to do so. Abood commented that the emergence ...

ASIC extends ETF class order

KARREN VERGARA  |  TUESDAY, 19 MAR 2024
... instrument extends the relief to issuers of all types of exchange traded funds (ETFs) and not only those that are passively managed and track an index. The class order allows relief that include exemptions for the equal treatment relief for responsible ...

Perpetual, Pendal combine multi-asset capabilities

JAMIE WILLIAMSON  |  MONDAY, 18 MAR 2024
... the benchmark by close to 1% per annum. "The fund's small size means that it has high running costs and cannot be managed in a cost-efficient way," Pendal said. "We also consider that the fund has little prospect of significant growth in funds under ...

Advised investors spurring SMSF rebound

ELIZA BAVIN  |  MONDAY, 18 MAR 2024
Uncertain market conditions in 2023 spurred a rebound in the number of self-managed super funds (SMSFs) seeking financial advice. According to new research from AUSIEX, new SMSF account openings were driven by advised clients as the number of self-directed ...

Iress sells mortgages arm to Bain Capital

ANDREW MCKEAN  |  FRIDAY, 15 MAR 2024
... $1 million cash and additional $20 million over 18 months if certain milestones are met. Last year, Iress also sold its managed fund administration business to SS&C Technologies for $52 million. The current effective interest rate across Iress' drawn ...

Half of super funds to close in coming decade: Mercer

JAMIE WILLIAMSON  |  FRIDAY, 15 MAR 2024
... have large portions of their funds that are. Mercer said it expects this to significantly decline, though not the assets managed through platforms. "It is likely that these 'surviving' platforms will be those that see a path to profitability while complying ...

MFS Investment Management appoints chief investment officer

ANDREW MCKEAN  |  FRIDAY, 15 MAR 2024
... has collaborated with leadership across the department to help enhance our investment platform." As of February 29, MFS managed assets totalling US$615.1 billion for individual and institutional investors globally.

Advisers flock to managed accounts, but are very selective

ELIZA BAVIN  |  FRIDAY, 15 MAR 2024
A new report from State Street and Investment Trends found a record 25% of all new client inflows are placed into managed accounts. The proportion of advisers using them has more than tripled from 18% a decade ago to an equal record high of 56% now. ...

ATO refers SMSF auditors to ASIC

JAMIE WILLIAMSON  |  THURSDAY, 14 MAR 2024
Fifteen self-managed super fund (SMSF) auditors have been reprimanded for performing in-house audits. The Australian Taxation Office (ATO) referred 15 SMSF auditors to ASIC following a review of files from audit firms. ASIC said it had concerns that ...