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Showing 1071 - 1080 of 13905 results for "State"

ASIC calls out licensees: 'We will take action'

ELIZA BAVIN  |  THURSDAY, 20 JUN 2024
Australian Securities and Investments Commission (ASIC) commissioner Alan Kirkland issued a blunt warning to licensees not meeting their obligations. Speaking at an industry event, Kirkland said the regulator has spent two years warning licensees to ...

TCorp moves to new OneFund structure

JAMIE WILLIAMSON  |  WEDNESDAY, 19 JUN 2024
... moving forward with plans to consolidate several separate investment funds managed by TCorp. In September last year, the state government announced it was reviewing the way NSW's investment funds were managed, tasking TCorp with developing a new funds ...

RBA issues warning over inflationary spending

ELIZA BAVIN  |  WEDNESDAY, 19 JUN 2024
... the future. The RBA board noted that inflation had fallen substantially since its peak in 2022 but said recent federal and state budgets could "add to demand". "Recent budget outcomes may also have an impact on demand, although federal and state energy ...

AFSLs undertake more reviews, lack risk documentation

KARREN VERGARA  |  TUESDAY, 18 JUN 2024
Most AFS Licensees (AFSLs) are undertaking more reviews of their systems and processes but still lack documentation when it comes to managing risk, according to a new compliance survey. Holley Nethercote's 2024 Compliance Trends Survey reveals AFSLs ...

Betashares captures most net flows in managed funds industry

ANDREW MCKEAN  |  TUESDAY, 18 JUN 2024
... experienced the most dramatic outflows, bleeding $3.9 billion from its managed funds, resulting in a 24% net loss of FUM. State Street Global Advisors followed, with a $3.3 billion net outflow, reflective of a 29% loss in FUM. Last week, Financial Standard ...

Most advisers satisfied with success: Research

KARREN VERGARA  |  TUESDAY, 18 JUN 2024
... satisfaction 3.6 out of five, new research shows. The 171 advice practices canvassed by Elixir Consulting and Colonial First State recorded earnings before interest and tax (EBIT) margins that ranged from -20% (loss) and up to 60%. While this averaged ...

'Little prospect' for RBA hike despite stubborn inflation

ELIZA BAVIN  |  MONDAY, 17 JUN 2024
The Reserve Bank of Australia (RBA) will almost certainly leave the policy rate unchanged when it meets next week, according to economists. GSFM investment strategist Stephen Miller said there was "little prospect" of a change in messaging from the ...

NRF appoints inaugural chief investment officer

ELIZA BAVIN  |  MONDAY, 17 JUN 2024
The National Reconstruction Fund Corporation (NRFC) announced Mary Manning has been appointed as the organisation's inaugural chief investment officer. Manning will oversee investment strategy and portfolio management for the $15 billion fund, which ...

Apex, ACA partner to broaden client services

ANDREW MCKEAN  |  FRIDAY, 14 JUN 2024
Apex Group and ACA Group have formed a partnership to offer their clients a wider range of services. The collaboration will see the creation of co-referral arrangement aimed at improving client outcomes. "This partnership with ACA compliments our service ...

SSGA loses $2.4bn in two months

KARREN VERGARA  |  FRIDAY, 14 JUN 2024
State Street Global Advisors (SSGA) suffered $2.4 billion in net outflows over the last two months of 2023, the majority of which hit its Australian and international equities products. The State Street International Equities Index Trust lost a whopping ...