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Showing 1 - 10 of 20538 results for "Funds"

Budget 2024: Government heeds industry calls to better support women

JAMIE WILLIAMSON  |  TUESDAY, 14 MAY 2024
... 64 is $211,996 for males and $158,806 for females, according to November 2023 data from the Association of Superannuation Funds of Australia (ASFA). Other measures announced include investing $56.1 million over four years to improve access to sexual ...

Spaceship expands Voyager suite

JAMIE WILLIAMSON  |  TUESDAY, 14 MAY 2024
... it had a waitlist of roughly 22,000 members that it hoped to convert, estimating this would give it about $1 billion in funds under management. About seven years later, it's still yet to achieve such numbers. As at December 2023, Spaceship had 21,340 ...

Former super fund adviser receives permanent ban

JAMIE WILLIAMSON  |  TUESDAY, 14 MAY 2024
A financial adviser, who worked at several major superannuation funds, has been permanently banned after he tried to persuade clients to transfer their retirement savings into a bank account he controlled. Effective May 10, Kudzanai Philip Dzawo of ...

Australian Food Super closes failed investment option

JAMIE WILLIAMSON  |  TUESDAY, 14 MAY 2024
... non-platform trustee directed investment options to fail last year's performance test; it was one of only two options from industry funds to fail and was known as the High Growth option for much of the relevant period. At the end of December 2022, prior ...

ANZ confirms ASIC investigation

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... profiteering. ANZ is one of only a handful of banks that can act as an intermediary between the AOFM and superannuation funds, insurers, central banks, and others seeking to buy Australian debt.

Advisers should leverage US tech blueprint: SIAA panel

KARREN VERGARA  |  TUESDAY, 14 MAY 2024
... financially incentivised in a bid to make advice more affordable and accessible for everyday Australians via banks, super funds, and life insurers. Vynokur predicts that the banks will "no doubt be back in this game but in a different way." Millions ...

FAAA calls for 'fairness' ahead of Budget

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... financial advice subsector was charged in total $47.6 million last financial year - more than any other sector including super funds, listed companies, and life insurers," Abood said. "The per-adviser amount almost tripled, to $2818 per adviser in the ...

Pacific Current sells stake in investment firm to Goldman Sachs

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... PAC has sold 55% of its 16.5% equity stake in Pennybacker and all its 2.5% carried interest entitlement for Pennybacker funds launched after PAC's initial investment. PAC will receive around US$35.2 million (AU$53.3 million), comprised of US$4.8 million ...

Rahmani takes up post at Magellan

KARREN VERGARA  |  MONDAY, 13 MAY 2024
... 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 decreased $600 million, while its ...

Brisbane financial adviser has assets frozen

ANDREW MCKEAN  |  FRIDAY, 10 MAY 2024
... his "related companies" - Principal Financial Services Pty Ltd, Self-Managed Super Pty Ltd, Provest Enterprises, and Super Funds Australia Pty Ltd ITF Principal Superannuation Fund - over concerns related to the misappropriation of client funds and unauthorised ...
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