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Showing 71 - 80 of 7498 results for "Managed"

Iress sells platforms business

KARREN VERGARA  |  MONDAY, 26 FEB 2024
... services that include superannuation, non-superannuation, and custody and administration. Last October, Iress sold its managed funds administration (MFA) business to SS&C for $52 million. Iress took over OneVue, which provided administration platforms ...

Australian Ethical posts strong half-year result

ANDREW MCKEAN  |  FRIDAY, 23 FEB 2024
... flows were $259 million, up 39% from the previous period, fueled by superannuation net flows of $269 million. However, managed fund net flows experienced modest outflows of $10 million. "It is encouraging to continue reporting positive net flows, and ...

HSBC wins $23bn in admin, custody mandates

JAMIE WILLIAMSON  |  FRIDAY, 23 FEB 2024
... services to all Perennial's funds and in 25 markets. "HSBC's ongoing investment has enabled Perennial to consolidate listed managed funds, unit trusts and venture capital and private asset administration into a single platform, facilitating an enhanced ...

How advisers protect themselves from 'rogue' clients

KARREN VERGARA  |  FRIDAY, 23 FEB 2024
... example, he asked advisers when was the last time they read the trustee declaration clients sign as a trustee of a self-managed super fund (SMSF)? "What it does is it highlights to the client issues about the SMSF itself and about their responsibility. ...

Former financial adviser sanctioned by ASIC

ANDREW MCKEAN  |  THURSDAY, 22 FEB 2024
... services provided by Jaidka, ASIC found he failed to adhere to s961B and s961G of the Corporations Act concerning self-managed superannuation fund advice. The regulator said that Jaidka didn't act in the best interests of his clients when providing financial ...

Super tax is a 'wealth tax': Taylor

KARREN VERGARA  |  THURSDAY, 22 FEB 2024
... Advice Review and non-arm's length expenses (NALE) provision, Talyor said this is all part of "a broader attack on self-managed superannuation and the regulatory approach that favours one form of superannuation over another." "Whether you wish to ...

ATO cracks down on illegal early SMSF access

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2024
... 66% of the illegal early access relates to individuals who are entering the system with no genuine intent to run a self-managed super fund. Between 2019 and 2020, some $381 million of super was illegally accessed. For the 2020-21 period, SMSFs lost about ...

Iress reports $137m loss in 'challenging year'

ANDREW MCKEAN  |  WEDNESDAY, 21 FEB 2024
... period, reflecting growth of 2%, while statutory earnings per share fell to -76.4 cents from 28.6 cents. Iress said it managed to curb its significant multi-year cost growth by implementing strategic measures in the second half of the year, including ...

Platforms ramp up innovation, back-end efficiencies

KARREN VERGARA  |  FRIDAY, 16 FEB 2024
... tracker," he said. The past 12 months saw platforms unleash a heap of enhancements. AMP's North launching fractional shares in managed accounts and CFS's Edge dividing client accounts into sub-accounts were some standouts. With respect to the latter ...

Investment Trends ranks top five platforms

ANDREW MCKEAN  |  THURSDAY, 15 FEB 2024
... However, the report underscored that all platforms broadened their investment menus, aligning to industry thematics such as managed accounts, cash, and retirement solutions. "All platforms have again delivered a significant scope of new functionality ...