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Showing 51 - 60 of 31220 results for "Financial"

Vanguard backs current performance test

ANDREW MCKEAN  |  FRIDAY, 19 APR 2024
... trustees: AMP, Nulis Nominees, Oasis Funds Management, and OnePath Custodians - Nulis, Oasis and OnePath are all Insignia Financial trustees. Treasury has noted that while the test effectively holds trustees accountable, it might also negatively influence ...

Court approves $16m DASS settlement

KARREN VERGARA  |  FRIDAY, 19 APR 2024
... two-week delay. Justice Thawley sought to gather more information for the victims in delaying the approval. The Australian Financial Complaints Authority (AFCA) confirmed to Justice Thawley that the settlement does not prevent victims taking part in ...

T. Rowe Price appoints local operations chief

ELIZABETH FRY  |  FRIDAY, 19 APR 2024
... assets under management, has appointed a regional operating chief who will relocate to Sydney from the London office. Financial services and operations professional Tim Chamberlain is the new Asia Pacific regional chief operating officer, effective next ...

Sequoia chair steps down

KARREN VERGARA  |  FRIDAY, 19 APR 2024
The chair of Sequoia Financial Group, John Larsen, has resigned from the position and his replacement has been appointed. Larsen's last day as chair was April 18 following five years at the post. He will stay at Sequoia as a non-executive director and ...

UniSuper invests $623m in Macquarie green fund

ELIZA BAVIN  |  FRIDAY, 19 APR 2024
... Australia and around the world." Pearce said Macquarie is one of the most experienced managers in the space with strong financial backing and a proven track record. "The investment supports UniSuper's strategy to develop smart partnerships with high ...

Adviser numbers plateau

KARREN VERGARA  |  THURSDAY, 18 APR 2024
The number of financial advisers in Australia appears to be stabilising at 15,602, as Count and AMP Financial Planning continue to hold the lion's share. Rainmaker's analysis of the ASIC Financial Adviser Register (FAR) shows that the population ...

AMP North adviser inflows rise 22%

ANDREW MCKEAN  |  THURSDAY, 18 APR 2024
AMP North inflows from independent financial advisers (IFAs) increased 22% as its platforms business' assets under management (AUM) increased to $74.3 billion. In a quarterly business update, AMP reported that net cash inflows to platforms increased ...

Praemium loses $700m due to adviser transitions

ELIZA BAVIN  |  THURSDAY, 18 APR 2024
Praemium is feeling the pressure from financial advisers moving advice groups and transitioning their clients away from Powerwrap. In its March quarterly update, Praemium chief executive Anthony Wamsteker said the Powerwrap scheme experienced $53 million ...

Adam Blumenthal ordered to pay $850k

ELIZA BAVIN  |  THURSDAY, 18 APR 2024
... EverBlu by failing to comply with its compliance policies and causing it to breach its obligations as an Australian financial services (AFS) licensee which jeopardised its interests. Blumenthal also breached his duties as a director of Creso by paying ...

ATO targets crypto investors, sharing economy

KARREN VERGARA  |  WEDNESDAY, 17 APR 2024
Cryptocurrency and the sharing economy are two hotspots the Australian Taxation Office (ATO) will target this financial year as too many investors continue to blunder their tax returns. With a horde of investors jumping on the cryptocurrency bandwagon ...