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MA Financial eyes growth with Warburg Pincus, Flexicommercial

MATTHEW WAI  |  THURSDAY, 22 AUG 2024
MA Financial has announced two new agreements - with each deal worth up to $1 billion - to expand its real estate investment options for institutional investors, including introducing an Australian-first program. A collaboration with Warburg Pincus ...

ASIC locks eyes on super industry

ELIZA BAVIN  |  THURSDAY, 22 AUG 2024
The Australian Securities and Investments Commission (ASIC) has unveiled its corporate plan for the next 12 months, with the superannuation industry in the firing line. ASIC said its review of the superannuation industry has been a multi-year project ...

RI Toowoomba eyes regional market

KARREN VERGARA  |  WEDNESDAY, 21 AUG 2024
... reach their clients that live in areas such as Warwick, Stanthorpe, Chinchilla, and Roma to ensure that their locations do not deprive them of receiving financial advice. In assessing acquisition opportunities, English said larger regional centres don't ...

Former BBY employee sentenced for 'dishonest conduct'

MATTHEW WAI  |  WEDNESDAY, 21 AUG 2024
... owed by the company. The above transfers were in breach of BBY's obligation to hold that client money on trust. The sum was not repaid to the relevant client money accounts and contributed to the client money shortfalls on BBY's liquidation on 22 June ...

Zenith increases defensive investment as recession risk looms

ELIZA BAVIN  |  WEDNESDAY, 21 AUG 2024
... unemployment rate rises more than 0.5 per cent from its 12-month low, was triggered in July, a broader range of indicators are not consistent with a recession in the US at this stage," Hennessy said. "Other indicators such as consumer spending and business ...

Rest cuts investment options

ELIZA BAVIN  |  WEDNESDAY, 21 AUG 2024
... super journey. By doing this we can ultimately help them to achieve better retirement outcomes. "With these changes, we're not only simplifying our investment menu- we're creating a straightforward path for Rest members to feel empowered about ...

Managed funds bounce back after bearish Q1: Calastone

ANDREW MCKEAN  |  WEDNESDAY, 21 AUG 2024
Managed funds in Australia have rebounded into inflow territory for the first half of 2024, following a bearish first quarter, according to Calastone. The global funds network reported that local investors injected $3.21 billion into unlisted managed ...

Bennelong, Leadenhall launch ILS fund

KARREN VERGARA  |  TUESDAY, 20 AUG 2024
... environment presents an attractive opportunity," he said. Volpi said: "This partnership has allowed us to introduce a product that not only diversifies portfolios but also brings innovative investment opportunities to Australia and New Zealand."

ASIC scraps Libertas' AFSL for unpaid compensation

KARREN VERGARA  |  TUESDAY, 20 AUG 2024
... insurers (PII) that fail to pay a determination under the scheme will see their licence revoked. While the cancellation might not be "automatic" per se, Berry said such action ultimately sits with ASIC and how it carries it out. "But the legislation ...

Aware Super welcomes new chair

MATTHEW WAI  |  TUESDAY, 20 AUG 2024
... background and aligned values," Stewart added. "Christine also has a passion for enablement and has been actively involved in the not-for-profit sector throughout her career as evidenced by her previously held directorships on The McGrath Foundation ...