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Showing 1181 - 1190 of 7105 results for "December"

GigSuper folds, administrator takes over

KARREN VERGARA  |  MONDAY, 21 FEB 2022
... GigSuper is now in administration less than five years after it launched. DW Advisory was appointed as administrator on 10 December 2021. DW Advisory held a creditors' meeting on January 22 online, detailing the financial circumstances of the startup. ...

Magellan promises better investment performance

KARREN VERGARA  |  FRIDAY, 18 FEB 2022
... grappling with a plunging share price after former client St. James's Place walked away with a $23 billion mandate last December, along with churn at the executive level, and the face of Magellan, Hamish Douglass, taking an indefinite leave of absence. ...

Advisers optimistic about revenue growth

KARREN VERGARA  |  THURSDAY, 17 FEB 2022
... grow by 10% or more during 2022. Some 270 high-net-worth individuals and 200 financial advisers who took part in the December 2021 quarter survey rated positive sentiments of 57%, compared to 51% in the prior corresponding quarter. "Advisers are expecting ...

Challenger delivers strong result

ELIZABETH MCARTHUR  |  THURSDAY, 17 FEB 2022
... million and included strong investment gains. Challenger chief executive Nick Hamilton, who stepped into the top job in December, commented on the results. "In the first half of 2022, we delivered a strong result, driving growth right across our business ...

Managed accounts demand surges: BTFG

KARREN VERGARA  |  TUESDAY, 15 FEB 2022
Financial advisers' appetite for managed accounts solutions boomed in the December 2021 quarter, according to BT Financial Group. BT Panorama's surge in managed accounts funds under management to $10.4 billion, a 68% jump year on year, is testament ...

Assets under custody hit $4.7tn

ELIZABETH MCARTHUR  |  TUESDAY, 15 FEB 2022
... industry data showing assets under custody increased by 5.8%to a new record of $4.7 trillion in the six months to 31 December 2021. J.P. Morgan remains Australia's largest custodian with more than $1.1 trillion in assets under custody. The biggest ...

Record FUA, revenue for Praemium

KARREN VERGARA  |  MONDAY, 14 FEB 2022
... reporting record growth in revenue and funds under administration, Praemium failed to make a profit in the half-year to December. The platform's revenue increased by 25% to $39.2 million, while total FUA increased by 43% to $49 billion. The rise ...

Proxy advice reforms defeated

RACHEL ALEMBAKIS  |  FRIDAY, 11 FEB 2022
... vote of 29 votes to 25, the Senate disallowed the new regulations that were announced by Treasurer Josh Frydenberg in December without consultation to stakeholders, including the impacted proxy advisory firms. The vote was moved by Independent Senator ...

ASX chief steps down

KARREN VERGARA  |  FRIDAY, 11 FEB 2022
... outage is closed and that no breach of ASX's licence conditions was found," Stevens said. ASX half-year results to December 2021 show modest gains in operating revenue, up 6.6% to $501.4 million and after-tax profit, up 3.5% to $250.3 million.

Hostplus hits members with new fee

ELIZABETH MCARTHUR  |  THURSDAY, 10 FEB 2022
... of 0.10% of the fund's assets from its general reserve to a new Trustee Resilience Reserve held by the trustee on 22 December 2021. Today, the House Economics Committee heard that profit-to-member funds are likely to use a range of methods to raise the ...