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Showing 1381 - 1390 of 10361 results for "Trust"

Advisers encouraged to embrace AI

ELIZA BAVIN  |  TUESDAY, 9 JUL 2024
... their practice's cyber-readiness as below seven out of 10. "Security is paramount in protecting client data and maintaining trust. Advisers are increasingly prioritising cybersecurity in their technology investments, recognising it as a cornerstone of ...

Global outfit acquires Vasco Trustees

JAMIE WILLIAMSON  |  MONDAY, 8 JUL 2024
Vasco Trustees is to be bought by diversified financial services group TMF Group. Melbourne-based Vasco Trustees has been acquired by the group, which boasts more than 125 offices across 87 jurisdictions, offering employee, financial and legal administration ...

Stake to operate under its own AFSL

ANDREW MCKEAN  |  MONDAY, 8 JUL 2024
... representative of Stakeshop AFSL - a company in the Stake group. This means that the funds of Stake customers, currently held on trust with an authorised deposit-taking institution (ADI) by Sanlam, will instead be held on trust by Stakeshop AFSL in a ...

First advice reform bill passes parliament

KARREN VERGARA  |  FRIDAY, 5 JUL 2024
The first tranche of the Delivering Better Financial Outcomes (DBFO) legislation passed both the upper and lower houses yesterday. Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Bill aims to reduce red tape for financial ...

ANZ, Blackstone launch HNWI fund

KARREN VERGARA  |  FRIDAY, 5 JUL 2024
... launched a multi-asset strategy for high-net-worth investors (HNWI). The Graphene Alternative Fund is an Australian unit trust and absolute-return strategy that is exclusive to ANZ Private clients. Blackstone's Multi-Asset Investing unit (BXMA) is ...

Former director disqualified for breaching obligations

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
... Clickthru from incurring debts when it was already insolvent. At Cornerstone Growth Capital, he failed to hold funds on trust, which were then used for unauthorised purposes to the detriment of the company and investees, ASIC said. Finally, he breached ...

AustralianSuper reports 'solid return', lags rivals

ANDREW MCKEAN  |  THURSDAY, 4 JUL 2024
... comparatively weak to other industry funds that have reported results. For instance, earlier this week, Australian Retirement Trust's balanced investment option generated 9.86%, while its high growth option reaped 11.3%. Today, Aware Super's high growth ...

APRA heightens expectations around trustees' spending

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
APRA reissued guidance around strategic planning and member outcomes, placing a clearer focus on superannuation members' interests when it comes to fund expenditure. The regulator updated Prudential Standard SPS 515 Strategic Planning and Member Outcomes ...

Channel Capital, Arnott Capital set up strategic partnership

ANDREW MCKEAN  |  WEDNESDAY, 3 JUL 2024
... thereby enhancing our ability to generate strong risk-adjusted returns for our investors." Notably, the Arnott Opportunities Trust, which is available to Australian wholesale investors, posted a return of 12.74% for the year ending 31 May 2024. Since ...

Aviva exits Australia, shutters fund

KARREN VERGARA  |  TUESDAY, 2 JUL 2024
... strategies and segregated mandates," the spokesperson said. The Aviva Investors Multi-Strategy (AIMS) Target Return Fund, a unit trust that was only nine years old, launching in Australia in 2015, has been terminated following poor performance and lack ...