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Showing 91 - 100 of 4402 results for %22Count Financial%22

Interest rates, liquidity top of mind for Future Fund

KARREN VERGARA  |  THURSDAY, 19 OCT 2023
... levels," she said. The fund held some 30.4% in equities, of which 21.8% was in global equities at the end of the June financial year. Between FY22 and FY23, the fund increased its allocation to equities from 28.5% and dialled down weightings in alternatives ...

Life insurance industry profits double, premiums rise: KPMG

ANDREW MCKEAN  |  TUESDAY, 17 OCT 2023
... levels." Also, although lapse rates for policies secured through independent financial advisers (IFAs) grew, the overall count of individuals insured has stabilised, following a multi-year decline. "We can see the impact of the decline in the number ...

Crypto exchanges to obey financial services rulebook

ANDREW MCKEAN  |  MONDAY, 16 OCT 2023
The government plans to mandate that crypto exchanges adhere to Australian financial services laws, requiring digital asset platform operators to obtain an AFSL. Treasury's Regulating digital asset platforms' consultation, released today, mandates that ...

BBY chief charged with aiding and abetting fraud

KARREN VERGARA  |  TUESDAY, 10 OCT 2023
... charged Sydney-based Maharaj with two counts contrary to sections 192E(1)(b) and 346 of the Crimes Act 1900 (NSW ). The first count relates to obtaining additional funding at the end of June 2013. The second count relates to obtaining additional funding ...

Former Australian Ethical investment chief lands new gig

CASSANDRA BALDINI  |  MONDAY, 9 OCT 2023
... client outcomes." The appointment follows the recent hire of chief financial officer Laurent Toussaint who resigned from Count in July.

Adviser cops 10-year sentence

KARREN VERGARA  |  FRIDAY, 6 OCT 2023
A former financial adviser who took more than $10 million from clients to fund his lavish lifestyle will spend the next 10 years in jail. Judge Wraight sentenced Terence Rio Nugara to nine years and 11 months imprisonment at the Victoria County Court ...

Skynet adviser stole $10.2m: Court

KARREN VERGARA  |  THURSDAY, 28 SEP 2023
The principal and financial adviser of Skynet Financial Services swindled clients to the tune of $10 million and could face up to 20 years in jail. Terence Rio Nugara, who was permanently banned by ASIC in April, stole $10,152,061.93 from 38 clients ...

Former adviser lands in jail

KARREN VERGARA  |  TUESDAY, 26 SEP 2023
A former financial adviser who took more than $1 million from clients to feed his online gambling addiction has been sentenced to jail for five years. The District Court of Western Australia found Mark Raymond Sebo guilty of misappropriating $1,056,685.18 ...

BNP Paribas wins UniSuper mandate

CHLOE WALKER  |  TUESDAY, 26 SEP 2023
... activity. BNP Paribas' Securities Services will help UniSuper meet its initial margin rules obligations, which require financial institutions to post collateral to back up their non-cleared OTC derivatives trades in order to mitigate counterparty risk. ...

NextGen Financial Group forced into liquidation

KARREN VERGARA  |  MONDAY, 25 SEP 2023
After ignoring an Australian Financial Complaints Authority (AFCA) determination, which was then escalated to the Federal Court, NextGen Financial Group is now in the process of winding up. WJ & V Drakoulis Super, the trustees of the SMSF that sued ...