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Showing 1351 - 1360 of 8106 results for "Total"

Veteran adviser cops permanent ban

KARREN VERGARA  |  TUESDAY, 15 AUG 2023
... fairly". He also did not ensure that there were adequate arrangements in place to manage conflicts of interest. Further, total liabilities of PWMS exceeded total assets as per the licensee's most recent balance sheet lodged with ASIC. PWM was established ...

Super funds prime distributor of death, TPD cover

CHLOE WALKER  |  TUESDAY, 15 AUG 2023
... annum over the last decade, this rate of growth has flattened to just 0.5% per annum over the past five years. "In 2020, total premiums fell 8% due to reforms to compulsory super fund group insurance no longer being charged to inactive fund members and ...

Franklin Templeton launches alternatives fund in Australia

CASSANDRA BALDINI  |  TUESDAY, 15 AUG 2023
... risks. It is overseen by head of direct trading and quantitative strategies Paul Fraynt. Incepted in April, it currently has total net assets of $0.99 million. "We chose to bring this fund to market to provide access for Australian investors to this ...

Fiducian eyes IFAs, South Australia for inflows

KARREN VERGARA  |  MONDAY, 14 AUG 2023
... the 2023 financial year. The ASX-listed group's latest full-year results saw net inflows of $265 million out of the total $364 million came from its aligned advisers. Fiducian's funds under advice (FUA) increased by 5% to $4.6 billion year on ...

Barwon snaps up $124m of healthcare assets

ANDREW MCKEAN  |  FRIDAY, 11 AUG 2023
... Barwon's healthcare property strategy is valued at approximately $2 billion. The fund, established in 2016, has now reported a total return of 10.75% per annum. Currently, it manages 29 healthcare properties, and Barwon has plans to raise more than ...

Liquidate $250bn Future Fund, says think tank

CASSANDRA BALDINI  |  THURSDAY, 10 AUG 2023
Given Australia's economic status, the government has been urged to liquidate the $250 billion Future Fund and pay down its $896 billion debt. According to a paper published by the Centre For Independent Studies, penned by Dimitri Burshtein, the ...

Industry fund cuts insurance costs

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
... also benefit from a 20-cent weekly reduction, setting their rate to $4.44. Additionally, from 1 May 2023, the criteria for total and permanent disablement assessment was simplified from seven definitions to three clearer ones. One change was the introduction ...

Former advisers costs CBA $1.2bn in remediation

KARREN VERGARA  |  WEDNESDAY, 9 AUG 2023
... remediation bill represented a small fraction of its whopping $10.2 billion profit, the full-year financial results show. The total customer remediation amounted to a huge $2.6 billion in the 2023 financial year, of which the lion's share related to ...

Wall Street firms slugged $442m for recordkeeping breach

KARREN VERGARA  |  WEDNESDAY, 9 AUG 2023
BNP Paribas Securities, Moelis & Company, and Wells Fargo are among 11 firms that copped massive fines that totalled US$289 million ($442m) after the Securities and Exchange Commission (SEC) found that they used personal apps to conduct business. From ...

Charter Hall REIT cops $198m loss

KARREN VERGARA  |  TUESDAY, 8 AUG 2023
... incentives of $1.5 million. CLW has 444 properties classified as long weighted average lease expiry (WALE) retail out of the total 549. The rest are in industrial and logistics, office, social infrastructure, and agri-logistics. Long WALE retail suffered ...