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Showing 1721 - 1730 of 8107 results for "Total"

ASIC extends binary options ban

ANDREW MCKEAN  |  TUESDAY, 6 SEP 2022
ASIC has extended its product intervention order banning the issue and distribution of binary options to retail clients until 1 October 2031. Since coming into effect in May 2021, the ban has successfully prevented retail clients from losing money trading ...

AustralianSuper breaks into world's top 20 pension funds

CASSANDRA BALDINI  |  TUESDAY, 6 SEP 2022
The superannuation giant has jumped two places in a global survey of pensions and now ranks number 20 with total assets of US$169 billion. According to annual research conducted by the Thinking Ahead Institute and Pensions & Investments, 15 Australian ...

What's the deal with managed funds?

ANDREW MCKEAN  |  FRIDAY, 2 SEP 2022
... financial institutions that pool funds for investment, encompassing managed funds and super funds. ABS research showed the total managed funds industry fell $180.2 billion (-4%) to $4296.3 billion in funds under management, during the June quarter. The ...

Insurers are 'fishing' for non-disclosures: ASIC

ANDREW MCKEAN  |  FRIDAY, 2 SEP 2022
... Report 696 TPD insurance: Progress made but gaps remain (REP696), which examined claims handling practices in the context of total and permanent disability (TPD) insurance. The Financial Services Royal Commission examined several case studies of egregious ...

AFA, FPA to explore merger

CASSANDRA BALDINI, JAMIE WILLIAMSON  |  THURSDAY, 1 SEP 2022
... is there are quite a number of members that are combined across the two associations, several hundred, I think... so the total will be less than the sum of the parts. But we're certainly hoping that members will see the benefits of this merger and ...

Latest adviser exams see 52% pass rate

JAMIE WILLIAMSON  |  THURSDAY, 1 SEP 2022
... sittings of the Financial Advisers Exam - the final opportunities for existing advisers to pass - have been successful. In total, 628 advisers sat the exam in July and August. Of these, 76% were attempting the exam for at least the second time. The exams ...

Four MySuper products fail for second time: APRA

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2022
... will be engaging with the four trustees to ensure members achieve better outcomes as quickly and safely as possible. In total, APRA assessed 69 MySuper products with 93% passing. Further, five of the products that failed last year's test passed this ...

Australian Ethical sees profits drop, record super flows

JAMIE WILLIAMSON  |  FRIDAY, 26 AUG 2022
... Meanwhile, net flows from the adviser channel were up 46%, Australian Ethical said. While these were positive, the group's total net flows were down 8%, coming in at $0.94 billion. "In line with our strategic roadmap, we will continue with disciplined ...

Remediation bills revealed amid call for levy freeze extension

JAMIE WILLIAMSON  |  WEDNESDAY, 24 AUG 2022
Six of the largest financial institutions have paid or offered a total of $3.6 billion in compensation to consumers over fees for no service and non-compliant advice. The new stats come as the Financial Planning Association of Australia calls for an ...

HUB24 delivers record profit, growth

ANDREW MCKEAN  |  TUESDAY, 23 AUG 2022
... 64% on FY21). HUB24 reported record platform net inflows of $11.7 billion, up 32% from the previous year. Correspondingly, total funds under administration (FUA) grew by 12% to $65.6 billion. HUB24 said its business footprint continued to evolve with ...