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Showing 101 - 110 of 5322 results for "Second"

OnePath cops $5m fine over fees for no service

CASSANDRA BALDINI  |  THURSDAY, 30 NOV 2023
... superannuation trustees making deductions from their accounts they are not entitled to make." The penalty marks ASIC's second decision pertaining to fees for no service within a week, following the $12 million penalty imposed on Mercer Financial ...

Buffett outlines plans for Berkshire Hathaway

CHLOE WALKER  |  WEDNESDAY, 29 NOV 2023
... The Susan Buffet Foundation, The Sherwood Foundation, The Howard G. Buffett Foundation, and NoVo Foundation. This is the second year that Buffett has made additional gifts to the family foundations around Thanksgiving time, supplementing lifetime pledges ...

Aussie fintech growth counteracted by local challenges: EY

CASSANDRA BALDINI  |  WEDNESDAY, 29 NOV 2023
... with 61% of participants citing it as their biggest challenge, well ahead of the uncertain economic climate which ranked second at 47%. Additionally, survey participants disclosed that the most significant barriers encountered in raising capital in 2023 ...

Spatium Capital selects trustee, administrator for small caps fund

CASSANDRA BALDINI  |  TUESDAY, 28 NOV 2023
Melbourne-based Spatium Capital has named True Oak as its trustee and the ASCENT Group as the administrator of its small companies fund. True Oak and the ASCENT Group are expected to oversee the Spatium Capital Small Companies Fund (SSCF) from early ...

Conscious Investment Management fund receives $50m

RACHEL ALEMBAKIS  |  MONDAY, 27 NOV 2023
Conscious Investment Management has received more than $50 million in commitments for its second Social Housing Fund (CIMSHF2) as it reaches its first close. The Paul Ramsay Foundation is the cornerstone investor in CIMSFH2, which will aim to deliver ...

Private equity, venture capital outperform listed assets: Research

CHLOE WALKER  |  FRIDAY, 24 NOV 2023
Over the past decade, private equity (PE) and venture capital (VC) in Australia have yielded an 18% return on investment compared to 9% for the ASX 100 and 8% for the ASX Small Ordinaries Index in the last decade. According to the Australian Investment ...

Praemium plummets on weak financial outlook

ANDREW MCKEAN  |  THURSDAY, 23 NOV 2023
... wealth platform updated its financial outlook indicating that its average revenue margin has decreased from 0.27% in the second half of the previous financial year to 0.25% in the current period, chiefly because of lower trading volumes and cash balances. ...

SEC sues Kraken exchange again

CASSANDRA BALDINI  |  WEDNESDAY, 22 NOV 2023
... loss" to its customers. The SEC filed its complaint against Kraken in San Francisco federal district court. It's the second time this year Kraken has been in trouble with the SEC. Earlier this year it agreed to cease offering or selling securities ...

Australian Retirement Trust adds $12.3bn via CBA Group Super transfer

JAMIE WILLIAMSON  |  MONDAY, 20 NOV 2023
... and Accumulate Plus and those with defined benefit (other than lifetime pension) entitlements, has been completed. The second tranche is the transfer of the fund's 3700 lifetime pension members, representing about $2 billion, and is expected to occur ...

Allianz Retire+ heavyweight jumps ship

ELIZABETH FRY  |  FRIDAY, 17 NOV 2023
... a significantly lower cost than today." He is beginning to see some support for this idea and hopes it will emerge as a second phase of the Quality of Advice reforms. Separately, Ryan Harbin has joined Allianz Retire+ as the state manager of Queensland. ...