Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 2371 - 2380 of 29058 results for "PRI"

amicaa head of distribution exits

ELIZABETH FRY  |  MONDAY, 28 OCT 2024
Jeremy Gordon has quit amicaa Investments after just four months with the credit specialist that teamed up with global buyout firm Carlyle. A spokesperson for amicaa confirmed his departure and said the groups is looking for a new sales head. "We have ...

Advisers must prioritise Conflicts Priority Rule: AFCA

KARREN VERGARA  |  MONDAY, 28 OCT 2024
After assessing a large volume of Dixon Advisory complaints, the Australian Financial Complaints Authority (AFCA) warned financial advisers of their responsibilities to manage conflicts of interest under the Conflicts Priority Rule. AFCA senior ombudsman ...

$3.5tn wealth transfer scares Aussie advisers: Natixis

MATTHEW WAI  |  MONDAY, 28 OCT 2024
According to Natixis Investment Managers, about 40% of financial advisers fear their businesses will be under threat in an exponentially growing wealth transfer environment. This is according to new research from the fund manager, which found 45% of ...

AMP hires growth lead for super, investments

JAMIE WILLIAMSON  |  FRIDAY, 25 OCT 2024
AMP will soon have a director for growth and customer solutions join its super and investments leadership team, hiring a former BT head of product. Julie Slapp will join the business on November 25 in the newly created role, tasked with developing and ...

abrdn bleeds $6bn, share price plummets

JAMIE WILLIAMSON  |  FRIDAY, 25 OCT 2024
The fund manager's share price took a massive hit on the back of $6 billion (£3.1bn) in outflows in the third quarter. While abrdn's assets under management and administration (AUMA) grew 2% on the prior corresponding period, the outflows in its institutional ...

Major global trends impacting advisers

ELIZA BAVIN  |  FRIDAY, 25 OCT 2024
High interest rates (70%), economic downturn and inflation risks (both 68.8%), and the impact of central bank policy (61.3%) usurped any concerns about this year's election cycle for Australian financial advisers and investors, according to this year's ...

ClearView announces executive changes

MATTHEW WAI  |  FRIDAY, 25 OCT 2024
ClearView Wealth has announced three executive appointments, choosing to hire from within the company. ClearView welcomed Judilyn Beaumont to the role of chief risk officer while continuing her role as general counsel. Beaumont joined the company in ...

BlackRock lowers fees on two funds

ELIZA BAVIN  |  THURSDAY, 24 OCT 2024
BlackRock has lowered the management fee on the Australian Alpha Tilts Fund and the Advantage Australian Equity Fund, effective October 1. For the Australian Alpha Tilts Fund, the management fee charged in the S Class of the Fund was reduced from 0.29% ...

Institutional outflows ensure mixed quarter for Insignia Financial

JAMIE WILLIAMSON  |  THURSDAY, 24 OCT 2024
Insignia Financial saw a marginal increase to its funds under management and administration (FUMA) in the first quarter of FY25, however net outflows driven by institutional clients came in at $1 billion. Updating the market today, Insignia Financial ...

Operational risk reserve targets trimmed for larger funds

JAMIE WILLIAMSON  |  THURSDAY, 24 OCT 2024
Following consultation, APRA has lowered the minimum operational risk financial requirement (ORFR) target amounts for larger superannuation funds. At present, all superannuation funds are expected to keep a minimum of 0.25% of funds under management ...