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

Search Results

Showing 221 - 230 of 2815 results for "Division"

Growth of SMSFs, Div 296 opportunity for advisers

MATTHEW WAI  |  WEDNESDAY, 18 SEP 2024
... revealed growing opportunity for financial advisers and demonstrates the potentially detrimental effect of the proposed Division 296 tax. The 2024 Annual Benchmark Report dives into potential tax liability for Class members if the legislation passes ...

Future Fund restructures investment leadership

KARREN VERGARA  |  FRIDAY, 13 SEP 2024
The Future Fund says it is restructuring its investment team to meet the shifting dynamics of the current environment. The investment team, led by chief investment officer Ben Samild, will have five divisions going forward: portfolio design, real assets ...

Westpac names new chief executive

MATTHEW WAI  |  MONDAY, 9 SEP 2024
... chief executive and a total of three decades at the bank. Miller is currently the chief of Westpac's business and wealth division and previously held the same position at the Westpac Institutional Bank. He also held similar senior roles at Deutsche Bank ...

APRA alleges First Super co-chair breached director duties

JAMIE WILLIAMSON  |  FRIDAY, 6 SEP 2024
... (CFMEU). In addition to being First Super's co-chair, O'Connor is the national secretary of the manufacturing division of the CFMEU. While the CFMEU scandal has been ongoing, First Super has sought to distance itself from the union and the turmoil ...

Pengana losses up 789% in FY24, revenues rise

ELIZA BAVIN  |  THURSDAY, 29 AUG 2024
... associated with incubating strategies, and in relation to the establishment of a number of funds within the private credit division, with the business having established the scalable infrastructure required to exploit opportunities in the private markets ...

Perpetual chair to leave as $472m loss recorded

JAMIE WILLIAMSON  |  THURSDAY, 29 AUG 2024
... stronger earnings in its wealth management and corporate trust arms, which are being offloaded to KKR. The wealth management division saw underlying profit before tax (UPBT) of $54 million, up 15%, while the corporate trust business was up 4% with UPBT ...

Australia a 'regional private wealth hotspot': Preqin

ANDREW MCKEAN  |  WEDNESDAY, 28 AUG 2024
... Australian retail investors in August 2023. The report said as a result, managers should be aware that ASIC plans to set up a division next year to evaluate private markets, particularly concerning valuations. Separately, a regional analysis of private ...

APRA reorganises as it sets sights on superannuation

ELIZA BAVIN  |  WEDNESDAY, 28 AUG 2024
... health insurance). From September 2, the two frontline supervision divisions will be a general insurance and banking division, and a life insurance, private health insurance and superannuation division. In addition, APRA will bring together its existing ...

Investment firm becomes cornerstone investor in Finexia

ANDREW MCKEAN  |  TUESDAY, 27 AUG 2024
Investment firm Factory Capital has become a cornerstone investor in Finexia Financial Group through a $3.73 million private placement subscription. The deal comprises the purchase of 12.46 million Finexia shares at $0.30 each, a 20% premium over its ...

Sequoia ends FY24 with 350 advisers

KARREN VERGARA  |  TUESDAY, 27 AUG 2024
... year for Sequoia at an industry level and in-fighting within its management ranks, the licensee and adviser services division managed to report a 27% rise in revenue and operating profit growth of 91%. Sequoia liquidated its troubled advice firm Libertas ...