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Showing 1081 - 1090 of 7033 results for "December"

Experienced advisers in education limbo

KARREN VERGARA  |  MONDAY, 21 MAR 2022
... Johnston gave "full credit" to the ALP's shadow minister Stephen Jones for announcing the 10-year degree rule last December. "On the other hand, we have minister Hume agreeing to match the policy in a matter of hours displaying a high level of political ...

Disclosure lacking in common ownership: Committee

JAMIE WILLIAMSON  |  FRIDAY, 18 MAR 2022
... committee said. Note, superannuation funds are already required to disclose their holdings under legislation effective 31 December 2021. The inquiry said it also considered the introduction of a beneficial ownership register and lowering the 5% threshold ...

Adviser numbers close in on 17k

KARREN VERGARA  |  FRIDAY, 18 MAR 2022
... left in nearly eight weeks. The exodus of advisers follows a similar trend in which 800 hung up their boots between mid-December 2021 and 20 January 2022. AMP Financial Planning currently leads the pack in terms of adviser numbers with 591, losing only ...

US, UK hike interest rates

ELIZABETH MCARTHUR  |  FRIDAY, 18 MAR 2022
... Asset Management global market strategist Kerry Craig said. "This is some departure from the three hikes expected back in December and would push the Fed Funds rate to 2.0% by year end. Moreover, a further four hikes in 2023 could see the Fed Funds rate ...

Milford chair to retire

CHLOE WALKER  |  FRIDAY, 18 MAR 2022
... planning which included the appointment of Carolyn Colley in October 2021, who was appointed chair of Milford Australia in December 2021," Cross said. "Gavin has spent the best part of his career in the financial services industry and has held senior ...

Active funds continue underperformance

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 MAR 2022
... However, more than 8% of funds in this category were liquidated in 2021. Over the one year and three-year periods ending December 2021, 42.2% and 62.7% of funds were beaten by the benchmark, respectively. In Aussie mid and small caps 42.4% of funds failed ...

Vanguard hit with US class action

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 MAR 2022
... many assets, so capital gains distributions - and the tax implications - are minimal. But the complaint alleges that in December 2020, Vanguard caused an "elephant stampede" sell-off from its retail target date funds. This occurred because Vanguard opened ...

FPA is the preferred association: Research

KARREN VERGARA  |  WEDNESDAY, 16 MAR 2022
... 7239 active advisers on ASIC's Financial Adviser Register are members of the FPA based on the 18,800 recorded in the December 2021 database. Rainmaker's analysis found that the Association of Financial Advisers came second place with 13% or about 2495. ...

Startup launches risk retention option

KARREN VERGARA  |  TUESDAY, 15 MAR 2022
... interest obligations". KPMG estimates that the average premium increase per policy for risk products in the year to 31 December 2021 was 12% per annum and 24% over the past two years. Sarkis said iExtend will be able to return between $25 million and ...

Managed accounts FUM at $131bn

CHLOE WALKER  |  TUESDAY, 15 MAR 2022
... sector, according to the latest data released by Institute of Managed Account Professionals (IMAP) and Milliman. As at 31 December 2021, funds under management (FUM) in managed accounts stood at $131 billion, an increase of $21.06 billion in the six ...