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| | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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. |
| | | | ... 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 ... |
| | | | ... 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 ... |
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