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Showing 1341 - 1350 of 10357 results for "Close"

Banned adviser told to stay put

CHLOE WALKER  |  FRIDAY, 16 JUN 2023
... remain in Australia while the regulator continues to investigate his conduct. Prior to Shaw and Partners, Ridgway spent close to 12 years as a senior client adviser at Bell Potter Securities.

AMP rolls out new North features

CHLOE WALKER  |  THURSDAY, 15 JUN 2023
In a bid to improve advice practice efficiency, AMP introduced a new Record of Advice (ROA) process to the platform, while also upgrading its MyNorth Lifetime Super Calculator. The new ROA template contains pre-formatted tables and charts detailing ...

OnePath fined over MySuper bungle

JAMIE WILLIAMSON  |  WEDNESDAY, 14 JUN 2023
Insignia Financial and OnePath Custodians will pay $1.5 million for failing to direct member contributions to a MySuper product. APRA has fined OnePath Custodians $1.46 million after it was made aware 125 default member contributions were not directed ...

UBS completes landmark Credit Suisse acquisition

ANDREW MCKEAN  |  TUESDAY, 13 JUN 2023
Wealth management powerhouse UBS has completed its acquisition of Credit Suisse, marking the end of the largest banking deal since the 2008 Global Financial Crisis. UBS acquired the crisis-stricken Credit Suisse for US$3.2 billion, with support from ...

Hostplus closes infrastructure, property options

JAMIE WILLIAMSON  |  TUESDAY, 13 JUN 2023
... introducing six new investment options, two of which are indexed. The $100 billion industry fund notified members the options will close on October 1, saying the decision is in keeping with its broader strategy to offer "a more comprehensive suite of ...

Super funds consider future of PwC contracts

RACHEL ALEMBAKIS  |  THURSDAY, 8 JUN 2023
Two industry super funds have frozen future contracts with PwC, while others with contracts for audit or other services with the embattled management consultancy are keeping a watchful eye on developments. As reported by Financial Standard, Treasury ...

AMP offloads SuperConcepts

JAMIE WILLIAMSON  |  THURSDAY, 8 JUN 2023
An investor group comprising private equity firm Pemba Capital Partners and several advice industry executives is buying the SMSF administration business and its SuperMate solution. AMP is selling SuperConcepts to Pemba Capital Partners, which is co-investing ...

AI in ESG: Risk or opportunity?

ROSE MARY PETRASS  |  MONDAY, 5 JUN 2023
... AI offers significant investment opportunity. Companies like IBM are already suspending hiring, anticipating AI replacing close to 8,000 back-office roles over the next 5 years. Around 25% of companies are adopting AI to cope with labour shortages. Demand ...

The Australian small-cap conundrum: VanEck

CASSANDRA BALDINI  |  FRIDAY, 2 JUN 2023
Australian investors have traditionally been attracted to Australian small caps, yet locally, the asset class has consistently underperformed when compared to its global counterpart. A new research paper released by VanEck titled Global small-caps ...

Family offices ignoring $3.5tn time bomb: KPMG

ANDREW MCKEAN  |  THURSDAY, 1 JUN 2023
Echoing similar findings by UBS, KPMG has found that of the estimated 70% of Australian businesses that are family-run, only 30% have an established succession plan. This comes into focus with a $3.5 trillion intergenerational wealth transfer expected ...