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| | | ... closed down in July 2018, at which time Picture Wealth was appointed to service his clients. Wertheimer was sentenced to a total of 18 months' imprisonment and fined $5000 for each of the two offences. He has also been automatically disqualified ... |
| | | | ... "The administration costs alone are proposed to amount to $3.7 million per annum, which would account for some 46% of the total annual operating costs of the scheme," it said. Whilst it does not object to contributing to consumer redress, it said it ... |
| | | | ... cited the poor performance of both its equities and fixed income investments, returning -15.3% and -12.1% respectively. Its total real estate returns were -14%. By sector, only energy saw a positive return, it said. Its investments here include Exxon ... |
| | | | ... global recession, while seeking opportunities to generate long-term returns," he explained. Future Fund further reported a total of $243 billion in funds under management (FUM) and said the first half of FY23 delivered a positive return of 0.9%. "The ... |
| | | | ... young women and others on lower incomes." ISA reported that in 2019-20, one million women missed out on $1.3 billion, with a total of $10.8 billion lost over seven years - women who are younger and on lower incomes are more likely to be impacted. To ... |
| | | | ... you look at the fund launches, thematic funds are dominating the fund launches and are increasing as a percentage of the total." Investors are also becoming more "nuanced" in their demands for ethical and responsible ETPs, Liddell said. "It's good ... |
| | | | AMP said impairment charges totaling a cool $68 million post-tax will see its 2022 statutory profits take a hit. The financial services giant expects the impairments, which amount to $94 million pre-tax, to be recognised in its FY22 results. The charges ... |
| | | | ... about health costs are justified, Challenger said the picture may not be as bleak as it seems. On average, the increase on total spending on health is offset by reduction in other spending- for example, on travel or entertainment, and a proportion of ... |
| | | | ... Meanwhile, GDG's funds under management (FUM) saw a 10% increase from the previous quarter. The pooled development fund's total FUM was $2.4 billion, up $131 million over the quarter. Over a four-year period from December 2018 to December 2022, GDG's ... |
| | | | ... almost 75% for non-ESG counterparts. Australian investors added $2.4 billion to their ESG holdings, making up 40% of the total equity fund inflows for the year. Global ESG funds were the most popular category. Meanwhile, the inflows to property funds ... |
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