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Showing 2561 - 2570 of 20552 results for "BEN"

Pendal reports underlying profit up 17%

ANDREW MCKEAN  |  FRIDAY, 4 NOV 2022
Pendal Group's underlying profit after tax grew 17% to $194.2 million in the 2022 financial year. Statutory net profit after tax was down 32% to $112.8 million, impacted by mark-to-market movements on seed investments. Underlying earnings per share ...

Cbus overhauls climate change reporting

RACHEL ALEMBAKIS  |  FRIDAY, 4 NOV 2022
Cbus has updated its climate change roadmap to meet its 2030 target of reducing emissions by 45%, including a change in reporting for portfolio emissions that sees the fund's reported emissions reductions restated to reflect real-world outcomes. The ...

APRA slaps extra conditions on Insignia trustees

JAMIE WILLIAMSON  |  FRIDAY, 4 NOV 2022
The prudential regulator has placed additional conditions on Insignia Financial's RSE licence over governance and risk management issues, including delaying the transfer member benefits to other funds. The additional conditions apply to IOOF Investment ...

Financial adviser registration delayed

ANDREW MCKEAN  |  THURSDAY, 3 NOV 2022
The government has said it will delay the financial adviser registration requirement until 1 July 2023. The Financial Sector Reform (Hayne Royal Commission response - Better Advice) Act 2021 introduced a central registration requirement for financial ...

Federal Reserve raises rates 0.75%

ANDREW MCKEAN  |  THURSDAY, 3 NOV 2022
The US Federal Reserve has raised its policy interest rate by 75 basis points, flagging ongoing increases will be necessary to bring inflation down to target. Following the central bank's decision, the federal funds rate benchmark sits between 3.75% ...

QAR leaves insurance commissions alone

JAMIE WILLIAMSON  |  THURSDAY, 3 NOV 2022
A new paper from the Quality of Advice Review recommends life insurance commissions be retained, but additional disclosure rules be introduced to ensure clients consent to the payments. In August, the first proposals paper from the Quality of Advice ...

Investment teams hire two men for every woman: Study

JAMIE WILLIAMSON  |  WEDNESDAY, 2 NOV 2022
Men continue to dominate investment teams, with new insights showing that managers are hiring two males for every one woman. This, despite more than half saying they consider gender diversity a critical factor in investment decision-making. Consulting ...

ClearView abandons potential takeover transactions

ANDREW MCKEAN  |  WEDNESDAY, 2 NOV 2022
ClearView Wealth has concluded its strategic review process, with the board deciding not to proceed with any transactions. As previously reported by Financial Standard, ClearView began its strategic review process in September 2021, with the objective ...

US recession probability reaches 75% - is Australia at risk?

ANDREW MCKEAN  |  TUESDAY, 1 NOV 2022
According to UNSW Business School associate professor Konark Saxena, the probability of a US recession is about 75%, possibly impacting several macroeconomic indicators. To bring down inflation, the US Federal Reserve must increase interest rates until ...

Hejaz receives RIAA fund certifications

CASSANDRA BALDINI  |  TUESDAY, 1 NOV 2022
Hejaz Financial Services received certification from the Responsible Investment Association Australasia (RIAA) on four of its funds. The funds include Hejaz Global Ethical Fund, Hejaz Equities Fund, the Hejaz Property Fund and the Hejaz Income Fund. ...