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Showing 1261 - 1270 of 11508 results for "DIV"

SEC seeks to shut down $450m Ponzi scheme

JAMIE WILLIAMSON  |  THURSDAY, 15 AUG 2024
The US regulator has filed charges over a $453 million Ponzi scheme that saw more than 2000 investors' retirement savings spent on luxury yachts, private jets and more. The Securities and Exchange Commission (SEC) obtained a preliminary injunction ...

Fiducian posts strong result, share price jumps

ANDREW MCKEAN  |  THURSDAY, 15 AUG 2024
Fiducian Group has reported that its underlying net profit after tax (NPAT) has risen 17% to $17.7 million in FY24, while its statutory net profit after tax increased 22% to $15 million. Fiducian's underlying earnings per share grew 17%, from 48 ...

Local private debt funds' growth potential 'remains strong': Preqin

ANDREW MCKEAN  |  THURSDAY, 15 AUG 2024
Although fundraising for APAC private debt funds has faced challenges in recent years, Preqin says the market is "ripe with opportunities." Fund managers that overcome challenges related to investor perception and risk management can succeed in the ...

Super performance test needs personal rate of return: Adviser

KARREN VERGARA  |  THURSDAY, 15 AUG 2024
APRA's annual superannuation performance test fails to consider results where it truly matters - at the member level - and ends up missing the mark on ensuring positive member outcomes, according to a financial advice expert advocating for better ...

What does the RBNZ rate cut mean to Australia?

MATTHEW WAI  |  THURSDAY, 15 AUG 2024
On Wednesday, the Reserve Bank of New Zealand (RBNZ) trimmed its interest rate by 25 basis points to 5.25% after holding a decades-high rate of 5.50% since May 2023. The central bank pointed to inflation converging to its target range as the core reason ...

Cost cutting returns Bravura to profit

KARREN VERGARA  |  WEDNESDAY, 14 AUG 2024
Bravura Solutions returned to profit in the 2024 financial year following a "difficult year" but flags it is not done with its cost-cutting strategies. The ASX-listed firm's total revenue was stable at $250.4 million but managed to haul itself out of ...

New mandate boosts JANA's wealth division

MATTHEW WAI  |  WEDNESDAY, 14 AUG 2024
JANA Investment Advisers has been mandated by a Melbourne advice firm to provide managed account consulting services. JANA announced a new agreement with Investor Wealth, providing consultancy and support services related to managed accounts, including ...

APRA reprimands Cbus, BUSSQ over governance issues

ANDREW MCKEAN  |  WEDNESDAY, 14 AUG 2024
APRA has imposed additional licence conditions on Cbus and BUSSQ over governance concerns in the wake of the CFMEU scandal. The prudential regulator's additional licence conditions stipulate that Cbus' trustee, United Super, and BUSSQ bring ...

Challenger pre-tax profit up 17%, raises dividend to 26.5c

ANDREW MCKEAN  |  TUESDAY, 13 AUG 2024
Challenger reported a normalised net profit before tax (NPBT) increase of 17% to $608 million and raised its full-year dividend by 10% to 26.5 cents per share fully franked, in its FY24 results released today. The financial services group said its NPBT ...

Custody assets exceed $5tn milestone

JAMIE WILLIAMSON  |  TUESDAY, 13 AUG 2024
While assets under custody have climbed in Australia, surpassing $5 trillion for the first time, some key players have seen theirs take a dive. Tallying up the assets under custody in Australia to June 30, the Australian Custodial Services Association ...