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Showing 1091 - 1100 of 28217 results for "NOT"

Local custody assets hit record $5.6tn

JAMIE WILLIAMSON  |  FRIDAY, 22 AUG 2025
... closest competitor in this space is Citigroup at $338.5 billion. Meantime, Apex Group leads on assets under administration (not held in custody) at $298.4 billion. The winding down of NAB Asset Servicing continues, with it still holding about $240 billion ...

Liquidity issues hurting Healthbridge Capital investors

KARREN VERGARA  |  FRIDAY, 22 AUG 2025
... businesses and made 9% p.a. net of fees. At the time, directors flagged concerns around the fund's liquidity and that it was not sustainable. They recommended a restructuring be undertaken to improve it and reduce credit risk. ASIC declined to comment ...

ASIC freezes assets of First Mutual Private Equity

MATTHEW WAI  |  FRIDAY, 22 AUG 2025
... of investor funds is at risk. ASIC is investigating FMPE and Cotton, alleging $53 million intended for investment may "have not been used for that purpose and may be at risk." Financial Standard understands ASIC believes the funds run by FMPE were being ...

APRA sets higher cybersecurity expectations for trustees

KARREN VERGARA  |  FRIDAY, 22 AUG 2025
... evolving." Super funds must also alert APRA each time they experience material control weaknesses. "We are looking at what happens, not if, but when, there is a problem, and can we resolve that problem with the entity and with other regulators in the ...

Chalmers confirms super performance test changes are coming

ELIZA BAVIN  |  FRIDAY, 22 AUG 2025
... performance test. "We are going to have another look at the super performance test. I want to make it perfectly clear that we are not talking about abolishing the performance test, and we are not talking about in any way interfering with the sole purpose ...

Grattan calls for large scale tax reform

ELIZA BAVIN  |  FRIDAY, 22 AUG 2025
... administer. Australia can do better on all three fronts," Sathanapally said. "Above all, we need a tax system that is helping us and not hindering us to adapt to a changing world. The longer we wait, the more ill-fitting our tax system is going to be ...

Anti-hawking exemption for advisers a 'silly carve out': SCA

MATTHEW WAI  |  THURSDAY, 21 AUG 2025
... Fiduciary," O'Halloran said. "There's a silly carve out in the anti-hawking law, which allow financial services to be sold, but not financial products. Our recommendations are just ensuring consistency between the two because it's easy to get around ...

Insignia Financial back in the black

JAMIE WILLIAMSON  |  THURSDAY, 21 AUG 2025
... roll-out of MLC Retirement Boost, relaunch the MLC brand, and develop ways to further use AI across the business. Insignia did not declare a final dividend, as already flagged as part of the deal with CC Capital.

Netwealth reports record FY25 results

MATTHEW WAI  |  THURSDAY, 21 AUG 2025
... customer and member needs and drive ongoing sustainable business growth and returns." Netwealth also expects FUA net flows to "not differ materially" from FY25, for growth in total operating expenses to be in line with FY25, and investment in capitalised ...

ASIC warns of 'sharp rise' in financial misconduct

MATTHEW WAI  |  THURSDAY, 21 AUG 2025
... financial adviser that obtained the signature of a client with dementia across multiple investment documents. The client did not fully understand the documents signed, which contained high fees. About 40% of reports were in relation to unregistered managed ...