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Showing 241 - 250 of 1587 results for "Majority of"

APRA to mandate independent certifications

KARREN VERGARA  |  WEDNESDAY, 22 SEP 2021
... unintended consequences". "Therefore, APRA intends to remove this requirement. Industry feedback has indicated that the majority of insurance arrangements across the industry could fall within the definition of priority and privilege arrangements. Therefore ...

BlackRock warns against reforms based on assumptions

JAMIE WILLIAMSON  |  TUESDAY, 21 SEP 2021
... unlikely to have any incentive to prioritise the perceived interest of a minority of common shareholders over the majority of non-common owners. "For both fund managers and company managers, incentives to prefer softer competition are lacking, while ...

DDO nil-reporting rule scrapped

KARREN VERGARA  |  THURSDAY, 16 SEP 2021
... welcomed the amendment. Head of policy, strategy and innovation Ben Marshan said given this would have been the vast majority of reporting required by financial planners in relation to TMD, this administrative relief by the government is a welcome outcome ...

Older investors, women flock to crypto

ANNABELLE DICKSON  |  WEDNESDAY, 15 SEP 2021
Young males no longer make up the majority of cryptocurrency investors, with older Australians and women investing large amounts, according to BTC Markets. BTC Markets' Investor Report FY20-21 showed almost one in four crypto investors are over the ...

Managed accounts surpass $100bn

ANNABELLE DICKSON  |  WEDNESDAY, 15 SEP 2021
... group-driven while 45% is institutional. "If you went back four years ago to when I first started at Praemium, the majority of the new models were dealer group-led rather than institutional fund managers looking to come in or new asset consultants building ...

Colonial First State faces penalties for MySuper conduct

KANIKA SOOD  |  WEDNESDAY, 8 SEP 2021
... required to transfer the member's superannuation contributions into a MySuper product." CFS hasn't remediated the majority of the affected members yet. "CFSIL apologises unreservedly to members impacted by these issues. Remediation of the [70] ...

Retail, corporate funds lack transparency on ESG votes

KARREN VERGARA  |  TUESDAY, 7 SEP 2021
... ESG issues. Despite a growing number of super funds claiming to incorporate ESG into their investment processes, the majority of super funds are still failing to support ESG proposals," he said. Eight funds supported more than 50% of ESG proposals in ...

AMP Capital divests majority stake in train company

KARREN VERGARA  |  MONDAY, 6 SEP 2021
... shareholder once the transaction closes this month. Angel Trains has a diversified fleet of about 4300 vehicles, the majority of which are electric multiple units. During AMP Capital, PSP Investments and Amber's ownership over the last 13 years, the ...

SMSF establishments soar

ANNABELLE DICKSON  |  MONDAY, 6 SEP 2021
... Member contributions into SMSFs were recorded at $12.6 billion while employer contributions were $5.4 billion. The majority of SMSFs are based in New South Wales (33.5%), followed by Victoria (30.0%), Queensland (17.2%), Western Australia (9.4%), South ...

Mainstream revenue up 18%

KANIKA SOOD  |  FRIDAY, 27 AUG 2021
... were offset by new clients, the firm said. Its total global clients now stand at 380, an increase of 350 from FY20. Majority of the $65.6 million revenue (92%) was fee income from contracted clients. The remaining was split across interest income on ...