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Showing 1081 - 1090 of 14042 results for "Down"

CSLR estimates $241m to fund backlog of complaints

JAMIE WILLIAMSON  |  TUESDAY, 9 JAN 2024
The board of the Compensation Scheme of Last Resort (CSLR) estimates $241 million will be needed to fund claims lodged with the Australian Financial Complaints Authority (AFCA) between November 2018 and September 2022. The CSLR is set to begin receiving ...

More outflows for Platinum

KARREN VERGARA  |  TUESDAY, 9 JAN 2024
... $35.2 billion in November. On an average basis for the six months to December 2023, Magellan's FUM was $36.9 billion - down 31% compared to the prior corresponding period.

Prime Super appoints new custodian

ANDREW MCKEAN  |  TUESDAY, 19 DEC 2023
... decision to award the new mandate to Citi Securities Services follows NAB Asset Servicing announcing its intention to wind down custodial operations last November, wrapping up a 16-year custodial partnership with Prime Super. The big four bank decided ...

EQT operations, finance chief steps down

KARREN VERGARA  |  MONDAY, 18 DEC 2023
Philip Gentry, Equity Trustee's (EQT) chief operating officer and chief financial officer, is stepping down from the dual roles after eight years. EQT board chair Carol Schwartz said Gentry "played a pivotal role in helping reshape EQT". "His contribution ...

What you read in 2023

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
... (October 20) While his departure doesn't technically take place until February 2024, Renato Mota's decision to step down as chief executive of Insignia Financial after two decades with the business claims the top spot as this year's most-read ...

Morningstar reveals Australian equities upgrades, downgrades

ANDREW MCKEAN  |  FRIDAY, 15 DEC 2023
On completion of Australian Equities reviews, Morningstar upgraded its ratings for three share classes across three strategies and downgraded 10 share classes across 10 strategies. Realindex Australian Share Value Class A was called an excellent choice ...

BT signposts key issues for advisers in 2024

ANDREW MCKEAN  |  THURSDAY, 14 DEC 2023
... flow. Another potential reason is this strategy has become accessible to more Australians, with the eligibility age reduced down to 55 years. BT also stated that business clients transferring commercial property into SMSFs will be top of mind for advisers ...

Impact of debt on retiree confidence a mixed bag

CHLOE WALKER  |  TUESDAY, 12 DEC 2023
... income needed for a comfortable retirement, has decreased for non-retirees, the report said. The average funding gap has gone down to 27%, from 34% last year. Meanwhile, the perceived income needed for a comfortable retirement has increased to a record ...

UK to overhaul advice affordability, access

KARREN VERGARA  |  TUESDAY, 12 DEC 2023
... published today will explore how we can achieve exactly that." In facing similar challenges, the Australian government handed down its first phase of financial advice accessibility reforms on December 7. The Delivering Better Financial Outcomes report ...

Local housing market to reach inflection point: Research

CHLOE WALKER  |  TUESDAY, 12 DEC 2023
Research by CoreLogic suggests the Australian housing market is heading towards an inflection point, with the rate of growth in home values becoming more diverse but generally weakening. According to the research, commissioned by NAB for its December ...