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Showing 1061 - 1070 of 6251 results for "December 3"

Pendal recovers losses

ANNABELLE DICKSON  |  FRIDAY, 5 NOV 2021
Pendal reported a 41.5% jump in net profit after tax to $164.7 million in the year ending September, making up for the losses in its previous results. The funds management firm also recorded a 34.6% spike in revenue to $627.4 million and average funds ...

PM Capital forges ahead with LIC merger

KARREN VERGARA  |  FRIDAY, 5 NOV 2021
PM Capital is urging shareholders to allow its PM Capital Global Opportunities Fund (PGF) to take over the PM Capital Asian Opportunities Fund (PAF). This follows a Federal Court order that states PAF should convene and hold a meeting with its shareholders ...

APRA to disclose MySuper product YFYS test values

JAMIE WILLIAMSON  |  THURSDAY, 4 NOV 2021
In updating its frequently asked questions (FAQs) on the Your Future, Your Super performance test, APRA has confirmed it will publish each MySuper products' test value in the December heatmap. APRA said it intends to publish the performance test ...

Daintree Capital lists active hybrid ETF

ANNABELLE DICKSON  |  THURSDAY, 4 NOV 2021
The boutique investment management firm listed a hybrid exchange traded fund (ETF) in a single unit structure on the ASX. The Daintree Hybrid Opportunities Fund, distributed by Perennial and eInvest, invests in a global portfolio of 25 to 125 hybrid ...

FASEA to reword Standard 3

KARREN VERGARA  |  WEDNESDAY, 3 NOV 2021
The Financial Adviser Standards and Ethics Authority has opened a round of consultation to amend the wording of Standard 3. Following concerns raised by the industry, FASEA is now asking stakeholders what they want the wording of Standard 3 to state ...

David Atkin to lead PRI

JAMIE WILLIAMSON  |  TUESDAY, 2 NOV 2021
The former Cbus chief has been appointed the new chief executive of the Principles for Responsible Investment, replacing Fiona Reynolds. David Atkin will take over as chief executive of the PRI on December 10, following Reynolds' decision to step ...

Westpac profit jumps 138%

KARREN VERGARA  |  MONDAY, 1 NOV 2021
Westpac reported a whopping 138% jump in statutory profit to $5.5 billion in its full-year September 2021 results. The bank attributed the earnings jump to a combination of turning around impairment charges and growing its mortgages, institutional and ...

Sunsuper, QSuper merger legislation passes

JAMIE WILLIAMSON  |  THURSDAY, 28 OCT 2021
The legislation that will see the merger of Sunsuper and QSuper through was passed this week. The Superannuation (State Public Sector) (Scheme Amendment) Bill 2021 was passed by the Queensland Parliament on October 26, enabling the merger. The bill ...

Commonwealth Financial Planning to shutter

ELIZABETH MCARTHUR  |  TUESDAY, 26 OCT 2021
Commonwealth Financial Planning is closing, Commonwealth Bank announced today. From today forward, Commonwealth FP cannot take on any new financial advice clients. Existing advisers and clients will have until November 30 to work out next steps, before ...

APRA appoints investment risk lead from TCorp

KARREN VERGARA  |  FRIDAY, 22 OCT 2021
A former New South Wales Treasury Corp executive has joined the prudential regulator as head of investment risk. Geoff Stewart was appointed head of investment risk at APRA in September. Stewart recently finished up as TCorp's head of investment advisory ...