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Showing 2861 - 2870 of 22782 results for "Funds"

Financial advice firms profits jumps: Research

CASSANDRA BALDINI  |  WEDNESDAY, 6 SEP 2023
... the Quality of Advice Review (QAR) on financial advisers and their businesses, overwhelming the concern was around super funds providing advice. Of those surveyed, a whopping 53% saw the change as a negative, while only 15% felt it was a positive. A ...

Government passes FAR legislation

KARREN VERGARA  |  WEDNESDAY, 6 SEP 2023
... Executive Accountability Regime by imposing tough new accountability obligations on banks, insurers, and superannuation funds. The FAR ensures that these institutions clearly identify individuals who will be held accountable for the actions of the organisation." ...

Colonial First State previews new MA offering

CHLOE WALKER  |  WEDNESDAY, 6 SEP 2023
... Edge." Through the Accelerate Series, advisers will be able to combine domestic and international equities and over 550 funds in a single account, on a single platform, Quirk added. Nested managed accounts are another key feature of CFS Edge, he said ...

LGT seals abrdn wealth business deal

JAMIE WILLIAMSON  |  TUESDAY, 5 SEP 2023
Six months after the sale was announced, LGT has officially taken on abrdn's discretionary funds management business in the UK and Jersey in exchange for about $275 million. Under the deal, originally reached in February, LGT Wealth Management has absorbed ...

Willis Towers Watson buys funds from advice group

JAMIE WILLIAMSON  |  TUESDAY, 5 SEP 2023
... benefited investors from a cost perspective as it was able to leverage the scale of the wider investments business. Now, the funds will be folded into WTW's broader investments business. They will become known as the WTW Diversified Growth Fund and WTW ...

Managed accounts FUM hits $162bn

KARREN VERGARA  |  TUESDAY, 5 SEP 2023
... on year. Managed discretionary accounts (MDA) assets stood at $50.9 billion, remaining flat compared to the prior period. Funds under management grew 10% in the six months to June thanks to inflows worth $11 billion. Milliman practice leader for Australia ...

Insignia Financial promotes two key staffers

ELIZABETH FRY  |  MONDAY, 4 SEP 2023
... an underlying net profit of $191 million, down 15% on the previous year. The profit drop was the result of lower average funds under management and advice and repricing. Bottom line earnings were $51 million, up 39%, on gains made from the sale of Australian ...

Hostplus finalises merger with Maritime Super

ANDREW MCKEAN  |  MONDAY, 4 SEP 2023
... Maritime Super have finalised their merger, following a due diligence process that began with the signing of a successor funds transfer deed last December. The merger aims to scale up the capabilities of both superannuation funds, offering greater efficiencies ...

K2 told to freeze distribution of fund

JAMIE WILLIAMSON  |  MONDAY, 4 SEP 2023
... the fund, and that information within the TMD was inconsistent. As at 30 June 2022, the fund had about $22.5 million in funds under management. The regulator said there was a mismatch between the investment risk profiles of the fund, being very high ...

Most trustees pass Canva valuation test: APRA

KARREN VERGARA  |  MONDAY, 4 SEP 2023
Most superannuation funds are appropriately valuing their investments in Canva, according to APRA, which used its high-profile and whipsaw valuation in 2022 to see if they are abiding by its unlisted asset valuation requirements. Canva was at the forefront ...