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Showing 1421 - 1430 of 17183 results for "LAS"

Regulators given new powers to protect financial markets in crises

ANDREW MCKEAN  |  FRIDAY, 23 AUG 2024
The government has passed legislation that will put in place new powers for regulators to protect financial market infrastructure in the event of a crisis. Treasurer Jim Chalmers said the new laws will provide regulators with more powers to manage financial ...

AET boosts Equity Trustees' FY24 performance

KARREN VERGARA  |  FRIDAY, 23 AUG 2024
The acquisition of Australian Executor Trustees (AET) has bolstered the revenue and client book of Equity Trustees (EQT) in the last financial year. EQT's revenue increased 23.1% to $174 million in the 12 months to June, benefiting from the integration ...

ART names member service leads

ELIZABETH FRY  |  FRIDAY, 23 AUG 2024
The country's second largest super fund has created two new roles - an interim chief service delivery officer and a head of member operations. The changes follow the recent announcement of an organisational shakeup and an overhaul of the executive ...

AOF sells another asset, flags delisting

KARREN VERGARA  |  FRIDAY, 23 AUG 2024
Australian Unity Office Fund (AOF) continues to empty its portfolio, offloading another asset as the REIT faces an uncertain future. AOF is set to offload 64 Northbourne Avenue, Canberra for $21.2 million to an unnamed buyer, 10% cheaper than its June ...

IMAP names award winners for 2024

MATTHEW WAI  |  FRIDAY, 23 AUG 2024
The Institute of Managed Account Professionals (IMAP) presented its annual awards overnight, shining a spotlight on some of the best in managed accounts. The awards recognised companies across nine categories, with a few standing out for their consecutive ...

Pacific Current sees profits up 24%

ELIZA BAVIN  |  FRIDAY, 23 AUG 2024
Pacific Current Group (PAC) saw funds under management grow 18% to $42.5 billion for the full year ended June 30. Boutique Contributions, ex mark-to-market adjustments, grew 16% driven by a 23% growth in management fee-related revenues. In addition ...

New bill seeks to block investments involving Cbus

ANDREW MCKEAN  |  THURSDAY, 22 AUG 2024
Liberal senator Andrew Bragg has introduced a bill to stop the Housing Australia Future Fund (HAFF) from investing in housing projects financed by Cbus. The bill would amend the Housing Australia Future Fund Act 2023 to include an additional limitation ...

Insignia Financial books $185m loss, halts dividends

JAMIE WILLIAMSON  |  THURSDAY, 22 AUG 2024
The costs associated with the wealth giant's transformation and increased remediation provisions have resulted in a $185.3 million net loss and the need to pause dividends as it undertakes a strategic review. Releasing its full-year results to the ASX ...

ASIC locks eyes on super industry

ELIZA BAVIN  |  THURSDAY, 22 AUG 2024
The Australian Securities and Investments Commission (ASIC) has unveiled its corporate plan for the next 12 months, with the superannuation industry in the firing line. ASIC said its review of the superannuation industry has been a multi-year project ...

Qualitas shines in FY24, Charter Hall contracts

KARREN VERGARA  |  WEDNESDAY, 21 AUG 2024
Private credit continued to buoy Qualitas' performance in the 2024 financial year while Charter Hall contracted against a tough real estate sector. Qualitas reported a 46% jump in total funds under management (FUM) to $8.9 billion thanks to several ...