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Showing 1021 - 1030 of 7970 results for "Total"

Mergers a boon for super member growth

KARREN VERGARA  |  MONDAY, 19 FEB 2024
... completed a merger during the year, Hostplus now joins Aussie as a top five fund megalith based on its scale combining both total membership and assets," Perple founding director John Myers said. Conversely, the funds that experienced the worst nominal ...

Aussies want control of nest eggs: FSC

KARREN VERGARA  |  MONDAY, 19 FEB 2024
Australians want total control over how they spend their retirement savings but are willing to seek professional advice to do so, a new Financial Services Council (FSC) survey finds. The poll of 2500 superannuation members conducted by C|T Group found ...

Platforms ramp up innovation, back-end efficiencies

KARREN VERGARA  |  FRIDAY, 16 FEB 2024
... leverage scale and manager relationships to deliver zero or discounted platform administration fees to clients, targeting a total cost to client of less than 1%. For retirement products, AMP's MyNorth Lifetime leads the way in offering a guaranteed stream ...

Sydney HNWI drops $24m on EG building

CHLOE WALKER  |  THURSDAY, 15 FEB 2024
A private investor has purchased EG's Mungo Scott Building, situated within the iconic Flour Mill of Summer Hill precinct for $23.8 million. The transaction of the Mungo Scott Building totals 3510 square metres and has an occupancy rate of 85%. The ...

Magellan names Rahmani as new chief, reports NPAT lift

JAMIE WILLIAMSON  |  THURSDAY, 15 FEB 2024
... announced by previous chief executive David George in 2022 has been dumped, it'll be a hard slog for Rahmani; Magellan's total FUM came in at $35.8 billion, down some $17 billion over 12 months. In the first half of this financial year, it shaved ...

MDA authorisations remain steady amid exodus

JAMIE WILLIAMSON  |  WEDNESDAY, 14 FEB 2024
... authorised to advise on managed discretionary accounts (MDAs) has dropped just 6.1% in the past three years, despite the total number of advisers falling much more. According to analysis by Rainmaker Information, there is now 1998 advisers who can provide ...

Dexus results mixed prior to Steinberg's exit

CHLOE WALKER  |  WEDNESDAY, 14 FEB 2024
... for the six months to 31 December 2023. The external independent portfolio valuations for Dexus saw mixed results, with a total decrease of about $697.3 million on prior book values. Notably, the weighted average capitalisation rates for both the Dexus ...

Indexed strategies to hit $1tn in two years

KARREN VERGARA  |  WEDNESDAY, 14 FEB 2024
... Information's Institutional roundup report found that indexed investing in Australia last year reached almost $760 billion or 23% of total funds under management (FUM). The majority (79%) of indexed FUM is held in growth assets. Some 37% of FUM invested ...

AIA adds to C-suite lineup

CHLOE WALKER  |  WEDNESDAY, 14 FEB 2024
... market share, providing life insurance to 2.35 million policyholders and collecting annual premiums of $606.6 million. The total sum insured under AIA's policies amounts to $495 billion.

Former director pleads guilty to hedge fund con

JAMIE WILLIAMSON  |  WEDNESDAY, 14 FEB 2024
... hand over more than $400,000 for the purpose of investing before spending it all elsewhere and paying back just 1% of the total to investors. Russell Sandiford has pleaded guilty to two counts of dishonest conduct in relation to a financial product or ...