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Showing 1351 - 1360 of 8243 results for "June"

Vanguard move a win for SSGA, BlackRock

JAMIE WILLIAMSON  |  FRIDAY, 4 FEB 2022
... said. At the time of Vanguard's announcement, Rainmaker estimates it had about $61 billion in institutional mandates. By June 2021, this had fallen to about $31 billion. Of the initial $61 billion managed by Vanguard, 29% was in international equities. ...

RI Advice slapped with $6m penalty

KARREN VERGARA  |  FRIDAY, 4 FEB 2022
... and sustained and the monitoring flaws should have been apparent. Doyle was affiliated with RI Advice between May 2013 and June 2016. Doyle and RI Advice were closely examined at the Hayne Royal Commission as a case study in "bad advice".

Members lean on super for financial hardships

KARREN VERGARA  |  TUESDAY, 1 FEB 2022
... based on compassionate grounds and in the event of financial hardship, APRA statistics show. Released overnight, APRA's June 2021 Superannuation Bulletin reveals that super funds paid out $16.5 billion of members' money based on compassionate ...

Insignia loses self-employed advisers

KARREN VERGARA  |  THURSDAY, 27 JAN 2022
... historic subsidisation of fees and supports our target for ANZ aligned licensees to break-even on a run-rate basis by 30 June 2022. The reduction in advisers for the quarter is consistent with Insignia Financial's commitment to deliver to this break-even ...

Former BT executive assumes CIO role

KARREN VERGARA  |  THURSDAY, 20 JAN 2022
... Charles Stanley. Farrell was BTFG's chief investment officer and head of advance asset management between December 2008 and June 2016. He then moved on to manage Suncorp's investment portfolio for the next two years. Farrell is currently on the board ...

Dramatic growth in non-aligned advisers: Research

KARREN VERGARA  |  THURSDAY, 20 JAN 2022
... During the period, only 84 advisers joined the industry, bringing the total population to 18,779 - a figure not seen since June 2015. All in all, a net total of 2302 advisers exited the industry in 2021, while the number of advice licensees fell by 2.3% ...

Digital advice predicted to soar in 2022

KARREN VERGARA  |  FRIDAY, 14 JAN 2022
... prediction is the intensification of the platform wars. Finura is confident Netwealth will successfully acquire Praemium by June 2022, despite the latter rejecting the initial offer. Last year, Finura said the merger and acquisition activity gave clear ...

Retail super fund to be wound up

JAMIE WILLIAMSON  |  TUESDAY, 11 JAN 2022
... product to which their balances will be transferred, save having the funds transferred to the ATO. According to APRA data, in June 2020 CUBS Superannuation was home to just 1200 members while the fund's 2021 annual report shows it had just $88 million ...

VGI Partners confirms merger talks

KARREN VERGARA  |  MONDAY, 10 JAN 2022
... and Malcolm McComas, who questioned its discount and fee structure of the global investment strategy. In the half year to June 2021, VGI had $3.2 billion in funds under management and posted statutory net profit after tax of $43 million. Last April ...

Media Super apologises for major calculator error

JAMIE WILLIAMSON  |  THURSDAY, 6 JAN 2022
... year it saw -0.28%, and in 2018/19 it achieved 8.76%. According to Rainmaker data, Media Super's seven-year return as at 30 June 2021 was 8.2%. Its 2015 annual report shows a return of 9.15%. Media Super is in the process of merging with Cbus, with the ...