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Showing 161 - 170 of 5259 results for "Credit"

Global wealth to rise 38% by 2027: Report

CHLOE WALKER  |  THURSDAY, 17 AUG 2023
Despite a decline in aggregate global wealth last year, UBS and Credit Suisse predict an upward trend over the next five years, reaching close to $979 trillion by 2027. The 14th edition of Credit Suisse's Global Wealth Report, now jointly launched with ...

Institutional investor pumps $750m into Qualitas fund

CHLOE WALKER  |  WEDNESDAY, 16 AUG 2023
... allow the investment manager to capitalise on upcoming attractive opportunities in the commercial real estate (CRE) private credit sector. The commitment of $750 million by an unnamed institutional investor brings the size of the fund to $1.95 billion ...

Assembly launches second diversified fund

CHLOE WALKER  |  TUESDAY, 15 AUG 2023
... environment since launching ADPF1 in 2019, AFM has developed a fairly unique investment approach which targets a mix of credit and equity investments across sectors to derive its target return," Gutman said. "This strategy has enabled us to continue ...

Fiducian eyes IFAs, South Australia for inflows

KARREN VERGARA  |  MONDAY, 14 AUG 2023
... of our existing platforms and funds," Fiducian executive chair Indy Singh said. Its acquisition of People's Choice Credit Union's financial planning business (PCCU) in February 2022 added 40 new staff members to the offices in South Australia ...

First Sentier appoints head of institutional distribution

CASSANDRA BALDINI  |  MONDAY, 14 AUG 2023
... AlbaCore Capital Group. The partnership aimed to expand First Sentier's investment portfolio by incorporating alternative credit capabilities. Under the agreement, the senior team of AlbaCore maintained minority ownership in the company. They continue ...

FSCP issues slap on the wrist to adviser

KARREN VERGARA  |  FRIDAY, 11 AUG 2023
The Financial Services and Credit Panel reprimanded a financial adviser who inadequately assessed the consequences of rolling over superannuation and life insurance cover, labelled the panel's least serious disciplinary action yet. Keeping the adviser's ...

AustralianSuper bungle underpays some Choice members

KARREN VERGARA  |  THURSDAY, 10 AUG 2023
... forced AustralianSuper to remediate some of its members invested in its Australian Shares option about $2 million. The "credit rating error" affected members who are invested in the Australian Shares option only. "Between 2 June and 23 June 2022, a franking ...

ASIC sues debt management firm, director

CHLOE WALKER  |  THURSDAY, 10 AUG 2023
ASIC is suing a debt management firm and its director after it found only 5% of customers achieved a debt reduction and some payments made by customers were never even passed on to their creditors. ASIC has commenced proceedings in the federal court ...

Industry fund cuts insurance costs

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
An industry super fund has announced a reduction in weekly insurance premiums for death, terminal illness, TPD, and income protection cover. First Super reduced the weekly cost of its default insurance cover, prompted by fewer than expected claims in ...

Former advisers costs CBA $1.2bn in remediation

KARREN VERGARA  |  WEDNESDAY, 9 AUG 2023
... million of the total customer remediation bill was attributed to other wealth services relating to advice quality, consumer credit insurance products, certain superannuation, and other products. About $673 million was remediated to customers suffering ...