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Showing 231 - 240 of 1444 results for "1885 book"

AMP loses BOLR changes class action

KARREN VERGARA  |  WEDNESDAY, 5 JUL 2023
The Federal Court this morning has ruled in favour of disgruntled AMP Financial Planning advisers who saw the value of their practices deteriorate after the parent company controversially changed its Buyer of Last Resort (BOLR) rules. In handing down ...

abrdn sells local trustee business

CHLOE WALKER  |  TUESDAY, 27 JUN 2023
MSC Trustees has acquired abrdn's Australian trustee entity, becoming the corporate trustee of 10 funds. The fund book, comprising $1.5 billion in funds under management, includes the abrdn Sustainable Asian Opportunities Fund, abrdn Sustainable ...

Dexus assets drop by $1bn

CASSANDRA BALDINI  |  WEDNESDAY, 21 JUN 2023
Dexus has copped a $1 billion loss across 175 of its 182 assets, equating to a 6% drop in value. The real estate asset group said as of 30 June 2023 an external independent valuation calculated a 6% drop on prior book values for its 32 office properties ...

Property market peril to continue: Quay Global Investors

CASSANDRA BALDINI  |  FRIDAY, 16 JUN 2023
Overvaluation of assets in property has contributed to a choppy market and as investors smell blood in the water more bad news might be on its way. Speaking with Financial Standard, Quay Global Investors principal and portfolio manager Chris Bedingfield ...

Farewell Michael Harrison

JAMIE WILLIAMSON  |  MONDAY, 22 MAY 2023
A veteran of the Australian financial services sector, Michael Harrison is being remembered as a teacher, mentor, and unrelenting advocate for risk advisers after he passed away on Sunday morning, aged 78. Harrison enjoyed a varied and colourful career. ...

HUB24 to buy myprosperity

CASSANDRA BALDINI  |  WEDNESDAY, 3 MAY 2023
The platform provider has agreed to take over 100% of myprosperity for $40 million, aiming to do so by the end of June. Melbourne-based myprosperity specialises in client portals for financial advisers and accountants and will be operated as a separate ...

Payday super to boost retirement savings for millions

ANDREW MCKEAN  |  TUESDAY, 2 MAY 2023
From 1 July 2026 employers will be required to pay their employees' super at the same time as their salary and wages. By transitioning to payday super, the government aims to tackle the average annual $4.7 billion of unpaid super. Unpaid super has ...

Venture capital rout rattles advice technology sector

KARREN VERGARA  |  MONDAY, 1 MAY 2023
The recent collapses of local financial advice startups Creativemass and TIQK indicate that the freewheeling days of venture capital funding is drawing to an end. Creativemass, a financial services software provider used by the likes of AMP and Bombora ...

Risk clients, practices worth more: Radar Results

CASSANDRA BALDINI  |  TUESDAY, 28 MAR 2023
Financial advice practices specialising in risk insurance are gaining higher price multiples on clients and are selling for up to $1.5 million as demand rises and supply drops. Radar Results' latest insights show price multiples on risk insurance ...

ASIC grants MSC Trustees new powers

KARREN VERGARA  |  MONDAY, 20 MAR 2023
The corporate watchdog has bestowed MSC Trustees new powers to act as a trustee for debt instruments such as debentures, notes and bonds issued by public companies, a first for an Australian corporate trustee. MSC Trustees is the first trustee firm ...