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Showing 1301 - 1310 of 7723 results for "Currently"

Ownership changes spur upheaval in unit trust sector

KARREN VERGARA  |  WEDNESDAY, 12 JUL 2023
... Rainmaker said. First Sentier, the manager with the largest net outflows of $12.6 billion, is a good example. It is currently owned by Mitsubishi UFJ Financial Group but was previously called Colonial First State Global Asset Management when it was owned ...

Advice firm revenues jump 45%

KARREN VERGARA  |  WEDNESDAY, 12 JUL 2023
... efficiencies are helping drive profitability. Two years ago, the average full-time employee (FTE) per practice was 6.8. They currently employ 5.6 FTE. The number of serviced clients per adviser on average marginally dropped by 3% from 133 to 129. Looking ...

Equity managed funds in record outflows: Calastone

KARREN VERGARA  |  TUESDAY, 11 JUL 2023
... reset at even more attractive levels this slowing may well prove temporary," she said. Short-dated fixed income funds currently offer income of 4.4%. The 10-year Australian bond yield has risen from 3.1% to 4% in three months. "Fixed income funds have ...

Equipsuper adds board director

ELIZABETH FRY  |  TUESDAY, 11 JUL 2023
... several companies, including the Australian Catholic Superannuation Retirement Fund and Darwin International Airport. Currently, he sits on the boards of Australian Catholic University - the publicly funded university with seven campuses in Australia ...

Retirees to own 55% of all super come 2032: Rainmaker

CHLOE WALKER  |  TUESDAY, 11 JUL 2023
... 55%, on its way to 70% or more by 2042. The FUM ratio for APRA-regulated funds is 26% or about $1.8 trillion by 2032. Currently, they own about $625 billion. "If superannuation savings double to almost $7 trillion within 10 years, APRA-regulated funds ...

Iress expands superannuation leadership

CHLOE WALKER  |  MONDAY, 10 JUL 2023
... Iress rolled out a new digital advice tool, securing initial agreements with Hostplus and Industry Fund Services. Iress currently has mandates with Commonwealth Superannuation Corporation and ESSSuper.

Adviser demand up as industry turns corner: Recruiter

KARREN VERGARA  |  FRIDAY, 7 JUL 2023
... principal Dugald Braithwaite said advisers and practices that are "well set in the market with a good reputation" are currently inundated with referrals and approaches from new clients. "This suggests the value of advice is highly regarded in the Australian ...

Selfwealth chief in sudden exit

KARREN VERGARA  |  FRIDAY, 7 JUL 2023
... ASX-listed firm with "immediate effect". Cath Whitaker vacated the top job she assumed in April 2021. Paul Cullinan, currently the interim chief financial officer, will assume the role of acting chief executive. Newly appointed chair Christine Christian ...

Institutions must raise the bar on cybersecurity resilience: APRA

CASSANDRA BALDINI  |  THURSDAY, 6 JUL 2023
... industry to lift the benchmark for cyber resilience across the Australian financial services industry." Entities are currently participating in the second and third tranches of APRA's assessment, and the fourth and final tranche is expected to be rolled ...

AustralianSuper posts solid return for FY23

ANDREW MCKEAN  |  WEDNESDAY, 5 JUL 2023
... under management. The fund also projects it will hit $500 billion in the next four to five years. AustralianSuper is currently receiving a daily influx of around 1200 Australians, amassing an annual net inflow of members' retirement savings exceeding ...