Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1271 - 1280 of 10523 results for "SET"

AFCA tightens wholesale investor remit

KARREN VERGARA  |  FRIDAY, 17 NOV 2023
... to us, we then have to consider whether we exclude it," he said. Retail investors have the benefit of consumer protections set out in the Corporations Act. Conversely, wholesale investors do not. "Sophisticated and professional investors generally have ...

Currency hedging solution launched for managed accounts

JAMIE WILLIAMSON  |  WEDNESDAY, 15 NOV 2023
... one-third of the capital, Rochford explained. It requires a minimum investment of $20,000, with the liquidity deliberately set quite high to allow investors to exit quickly if needed, however it's suggested investors remain with the fund for at least ...

Settlement approved in AMP shareholder class action

JAMIE WILLIAMSON  |  WEDNESDAY, 15 NOV 2023
The $110 million settlement that was reached in the long-running fees-for-no-service class action against AMP was approved by a judge yesterday. The class action was filed in June 2018 and came on the back of misconduct made public by the Royal Commission. ...

Uniseed partners with major Aussie universities

CASSANDRA BALDINI  |  WEDNESDAY, 15 NOV 2023
... CSIRO, who are existing partners and currently allocate over $1 billion a year for research. Together, the recently expanded set of partners will allocate approximately $7.7 billion annually for research, including 60% of the total research expenditure ...

E&P settles class action for $16m

KARREN VERGARA  |  WEDNESDAY, 15 NOV 2023
E&P Financial Group has settled a class action relating to investment advice representatives gave for its in-house product, the Masters Residential Property Fund (URF) for $16 million. The lawsuit led by Shine Lawyers alleged that E&P's financial ...

Nominations open in FS Sustainability Power50

RACHEL ALEMBAKIS  |  TUESDAY, 14 NOV 2023
... Sustainability managing editor Rachel Alembakis said. "We expect that the next list will be even more exciting and feature a diverse set of people who live, breath and implement ESG from a variety of positions across the breadth and depth of ASX-listed ...

Australian Unity sells advice arm to Fortnum, Nestworth

ANDREW MCKEAN  |  TUESDAY, 14 NOV 2023
... will acquire Australian Unity's employed adviser and corporate superannuation services business. Concurrently, Fortnum is set to purchase Australian Unity Personal Financial Services (PFS), the entity holding the advice AFSL. The private wealth company ...

Aussie banks deliver record profits in FY23

CASSANDRA BALDINI  |  TUESDAY, 14 NOV 2023
... driven by loan growth, margin expansion and the continued decline in notables. This year, profits exceeded the previous record set in 2017 at $31.2 billion, reaching unprecedented highs. PwC attributed the profit success to robust balance sheet growth ...

ANZ rakes in $7.4bn profit

CASSANDRA BALDINI  |  MONDAY, 13 NOV 2023
... ANZ carefully managed costs to partially offset the high inflation environment while continuing to invest in initiatives to set the bank up for sustainable long-term success. The investments included its institutional payments platforms, facilitating ...

Insurers drop allocation to risk assets: Research

CASSANDRA BALDINI  |  MONDAY, 13 NOV 2023
... Aussie equities, 14% will decrease global equities, and 6% will drop allocations to private equity. Additionally, 17% are set to reduce their exposure to unlisted property, 6% plan to decrease allocations to hedge funds, 11% intend to decrease investments ...