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Showing 1961 - 1970 of 18261 results for "Plan"

Family offices increasingly involved in succession planning

CHLOE WALKER  |  THURSDAY, 13 JUL 2023
According to wealth administration provider Ocorian, family offices across the globe seem to be in good shape regarding succession planning. Ocorian's latest report, titled 'Family Offices and the role of third-party service providers' found 88% of ...

Diversa loses key super fund mandate

JAMIE WILLIAMSON  |  THURSDAY, 13 JUL 2023
... Spaceship Voyager series for issues with their respective Target Market Determinations. In January it wound up DIY Master Plan and transferred all the sub-funds to HUB24 Super, citing members' best interests. That same month it was slapped with additional ...

Ownership changes spur upheaval in unit trust sector

KARREN VERGARA  |  WEDNESDAY, 12 JUL 2023
... Dyall said. "Because of large monthly flows from specific products, it appeared there was a large and significant divestment plan." Dyall added that it was perhaps former institutional partners (maybe commonly owned life companies, stat funds, retail ...

Platforms FUM falls $20bn: Report

CHLOE WALKER  |  WEDNESDAY, 12 JUL 2023
... end, total funds under management (FUM) held by platforms, wraps and master trusts dropped by $19.5 billion, according to Plan For Life. Specifically, platforms saw a 1.9% decline from over $1 trillion to $982.5 billion, and year on year inflows declined ...

Advice firm revenues jump 45%

KARREN VERGARA  |  WEDNESDAY, 12 JUL 2023
Despite employing fewer staff and a reduction in client numbers, financial advice firms saw revenues shoot up by nearly 50% from two years ago. A survey of 122 advice practices conducted by Business Health and Iress found average revenue jumped from ...

UK pensions tapped to strengthen local startups

CASSANDRA BALDINI  |  TUESDAY, 11 JUL 2023
The UK Treasury has announced plans to consolidate the nation's pension fund sector and unlock £75 billion in retirement savings to back high-growth companies. Yesterday, Chancellor Jeremy Hunt delivered the Mansion House reforms and cited plans ...

Federal Reserve plans upping capital requirements

CASSANDRA BALDINI  |  TUESDAY, 11 JUL 2023
... capital in hopes future meltdowns in the sector can be prevented. Federal vice chair for supervision Michael Barr outlined a plan in which large banks with more than US$100 billion in total assets would be required to hold more capital, strengthening ...

Equipsuper adds board director

ELIZABETH FRY  |  TUESDAY, 11 JUL 2023
The $30 billion superannuation fund which covers workers from engineering, manufacturing, healthcare and teaching, has appointed Julian Widdup to the board as a new member director. Widdup replaces Jan Dekker, who joined the board in 2016. For over ...

AZ NGA welcomes head of M&A

CASSANDRA BALDINI  |  MONDAY, 10 JUL 2023
AZ Next Generation Advisory (AZ NGA) has appointed Yasemin Onat to lead future mergers and acquisitions. At the same time, Andrew Symes joins as general counsel and company secretary. The firm recently added the role of general counsel role to its standing ...

Adviser demand up as industry turns corner: Recruiter

KARREN VERGARA  |  FRIDAY, 7 JUL 2023
... response to increase capacity to absorb the referrals and new client demand as mentioned with an 18-to-24-month development plan into full advice roles, with mentoring and Professional Year (PY) offered," he said. From the supply side, there are currently ...