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Showing 991 - 1000 of 12383 results for "May"

Outlook favourable for practice valuations: Guide

JAMIE WILLIAMSON  |  FRIDAY, 28 FEB 2025
... buyer's business - the most common transaction type - could sell for 2.5 to 3.2 times recurring revenues. A risk-only business may go for 2.5 to 3.0 times, it said. Meantime, a large financial planning business with revenues north of $3 million but not ...

'Less revenue for us': AustralianSuper on closing multiple accounts

ELIZA BAVIN  |  THURSDAY, 27 FEB 2025
... identify and merge members' multiple accounts in the way the law required for the period between 13 March 2019 and 11 May 2023. More than 90,000 members incurred $69 million in losses from multiple administration fees and insurance premiums and investment ...

Court acts against two with links to Shield Master Fund

JAMIE WILLIAMSON  |  THURSDAY, 27 FEB 2025
... shortfall when comparing the monies invested in the ADPF against the value of the assets of the ADPF" and "investor funds may have been misapplied."

ASIC turns up the heat on private markets

KARREN VERGARA  |  WEDNESDAY, 26 FEB 2025
... markets: A discussion paper on the dynamics between public and private markets, putting forth a host of reasons why the sector may need its intervention. ASIC defines private markets as "private capital funds, non-bank financial lending and investments ...

Platinum rolls out major leadership reshuffle

ELIZA BAVIN  |  WEDNESDAY, 26 FEB 2025
... remuneration package will see Peters receive a fixed remuneration of $1.1 million, with retrospective effect from 1 March 2025. He may also be eligible to receive a maximum of $1.32 million (120% of fixed remuneration), in short-term incentives. For ...

Deflation continues, albeit slowly

ELIZA BAVIN  |  WEDNESDAY, 26 FEB 2025
... Australia's (RBA) target range of 2-3%. "While market consensus has shifted towards an 80% probability of the next cut being in May, we don't see this happening until later in the year," Chesler said. "The recent rate cut doesn't mean we have inflation ...

Macquarie shutters 30-year-old fund

MATTHEW WAI  |  TUESDAY, 25 FEB 2025
... minimum initial investment of $100,000. The fund returned 6.41% for the past 12 months as at January 31. Further, investors may "crystallise" a taxable gain or loss in respect of their units in the fund. "The fund will also crystallise gains or losses ...

Cbus appoints deputy investment chief

KARREN VERGARA  |  TUESDAY, 25 FEB 2025
... for five years following a long career advising super funds at Frontier Advisors. Campbell, whose departure was announced in May 2024, left the fund after four years. Cbus chief investment officer Brett Chatfield said that the appointment reflected the ...

ASIC clearing and settlements powers to curb ASX monopoly

KARREN VERGARA  |  TUESDAY, 25 FEB 2025
... the Competition in Clearing and Settlement (CiCS) services reforms passed in September 2023 and enlivened by the minister in May 2024.In 2023, Treasury said the new laws essentially provide ASIC with powers to implement and enforce requirements for a ...

PIMCO local managing director to step down

KARREN VERGARA  |  MONDAY, 24 FEB 2025
... as head of Australia. Watkins was appointed executive vice president and head of business for Australia and New Zealand in May 2022. He was tasked with overseeing the local business management functions and reported to the head of Asia Pacific Alec Kersman. ...