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Showing 1701 - 1710 of 14210 results for "Interest"

Financial advice firms profits jumps: Research

CASSANDRA BALDINI  |  WEDNESDAY, 6 SEP 2023
... said it would have no impact, 10% saw it as a negative, and 15% weren't sure. On the hotly debated shift from best interest duty to good advice duty, 47% felt it was a positive, while 32% concluded it would have no impact, 6% said it was a negative ...

Colonial First State previews new MA offering

CHLOE WALKER  |  WEDNESDAY, 6 SEP 2023
... platform. The Accelerate Series has been designed in response to feedback from financial advisers, helping them meet best interest duty obligations through low-cost and flexible solutions. "The Accelerate Series is a game-changer," CFS group executive ...

Integrity Life to cease writing new retail policies

JAMIE WILLIAMSON  |  TUESDAY, 5 SEP 2023
Integrity Life will not take on any new retail advised business, saying the decline in risk advisers has forced a strategic pivot. Integrity Group, the parent company of Integrity Life, said it undertook a review of the business' strategy, considering ...

Rest awards mandate to specialist fund manager

ANDREW MCKEAN  |  TUESDAY, 5 SEP 2023
Rest has granted an investment mandate to renewable fund manager Octopus Australia, seeking to bolster long-term returns for its 1.9 million members. The $75 billion industry fund's investment coincides with Octopus closing its second fundraising round ...

Financial hardship neglect lands Westpac in court

KARREN VERGARA  |  TUESDAY, 5 SEP 2023
... uncovered this issue, we've contacted these customers and completed a remediation program including refunds of fees and interest, debt waivers and payments for non-financial loss, totalling approximately $900,000," he said. "Once Westpac identified the ...

Managed accounts FUM hits $162bn

KARREN VERGARA  |  TUESDAY, 5 SEP 2023
... Management (Aussie equities small caps), Lonsec (ESG), Franklin Templeton (international equities), Shaw and Partners (fixed interest), Drummond Capital Partners (multi-asset) and Nucleus Wealth (innovation).

Hostplus finalises merger with Maritime Super

ANDREW MCKEAN  |  MONDAY, 4 SEP 2023
Hostplus and Maritime Super have finalised their merger, following a due diligence process that began with the signing of a successor funds transfer deed last December. The merger aims to scale up the capabilities of both superannuation funds, offering ...

Natixis IM eyes expansion with new retail AFSL

ANDREW MCKEAN  |  MONDAY, 4 SEP 2023
... investing, real estate and private assets." Watson added that the expansion of the licence is in response to growing inbound interest from advisers. "Australian investors are still highly concentrated in Australian equities and property, which is a tiny ...

Most trustees pass Canva valuation test: APRA

KARREN VERGARA  |  MONDAY, 4 SEP 2023
... valuation commotion last year, when many of its investors were forced to devalue their stakes amid the tech crunch, rising interest rates and general market uncertainty. Franklin Templeton Growth Opportunities Fund wrote down the value of its Canva investment ...

Ironbark launches global infrastructure fund

CHLOE WALKER  |  MONDAY, 4 SEP 2023
Ironbark EagleCrest Infrastructure is an open-ended, mid-market focused private markets solution and has already received backing from private wealth firms. Ironbark EagleCrest Infrastructure feeds into the offshore Eaglecrest Infrastructure Fund that ...