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Showing 1191 - 1200 of 4000 results for "Administration"

Calls for Rio chief to be sacked

ELIZABETH MCARTHUR  |  MONDAY, 24 AUG 2020
The release of a review into the destruction of sacred sites at Juukan Gorge by Rio Tinto has resulted in calls for the chief executive to be sacked. The Australasian Centre for Corporate Responsibility (ACCR) said it was "appalled" at the internal ...

Suncorp wealth business down

ELIZA BAVIN  |  FRIDAY, 21 AUG 2020
Suncorp has reported an 8% drop in funds under administration for its wealth business, as it posted a 6.8% fall in ongoing operations for FY20 as a result of COVID-19. Suncorp has been battered by extreme weather events, high reinsurance costs and low ...

ASIC takes action against BTFM, Asgard, StatePlus

JAMIE WILLIAMSON  |  THURSDAY, 20 AUG 2020
... were being charged. The 'adviser fee' line was removed but an amount equal to the fee was added to overall administration fees. The same goes for IDPS statements issued by Asgard. The fees were charged on eight different products, one being the ...

Morgan Stanley duo establishes advice boutique

KANIKA SOOD  |  THURSDAY, 20 AUG 2020
... initially at Morgan Stanley with the two. The firm will use HNW-focussed platform provider Powerwrap for platform administration and reporting services. Powerwrap will also provide access to traditional assets, model portfolios and alternative assets. ...

EQT swells revenue by 3.2%

KANIKA SOOD  |  WEDNESDAY, 19 AUG 2020
... while net profit before tax was down 3.3% to $31.3 million. Equity Trustees' total funds under management, administration, advice and supervision crossed the $100 billion mark in the period, after rising 19% in the year. It won the appointments for ...

CareSuper awards custody mandate

ALLY SELBY  |  WEDNESDAY, 19 AUG 2020
... first appointed custodian of the fund in 1998. The financial services giant will provide both custody and funds administration services to the super fund, including investment reporting, with a transition set for the first half of 2021. CareSuper chief ...

Fiducian posts $10.5m in FY20 profits

KANIKA SOOD  |  MONDAY, 17 AUG 2020
... the year. Net profit for the group - which includes funds management, financial planning, corporate and platform administration - was mostly flat, rising only about 1% from FY19's $10,350. Group gross revenue was $54.9 million. The biggest contributor ...

Praemium shows growth in crisis

ELIZA BAVIN  |  FRIDAY, 14 AUG 2020
... global headwinds caused by the COVID-19 pandemic. The platform provider saw a 26% increase in global funds under administration to $20.3 billion, a 14% increase in revenue to $51.2 million and a 25% increase in underlying EBITDA to $14.2 million. Praemium ...

Super fees hit record lows: Research

JAMIE WILLIAMSON  |  THURSDAY, 13 AUG 2020
... despite only representing 23% of the system's funds under management. That said, NFP funds have an average 0.32% administration fee while the retail segment has a 0.09% investment fee advantage. Rainmaker also said retail fund fees are on their way down ...

Platform business in administration

KANIKA SOOD  |  THURSDAY, 13 AUG 2020
IFM Investors and Regal backed Spitfire has appointed administrators, as it looks to restructure the group after a shareholder reneged on promised funding. Olvera Advisors' Damien Hodgkinson and Kate Barnet were appointed as joint and several voluntary ...