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Showing 271 - 280 of 2195 results for "In March"

ASIC slaps interim stop order on ClearView

KARREN VERGARA  |  WEDNESDAY, 19 JUL 2023
... concerned that the target market contained classes of consumers for whom the product was not likely to be appropriate. In March, ClearView made several updates to ClearChoice. Clients on the top level of IP cover, for example, are paid 70% of pre-disability ...

Federal Reserve plans upping capital requirements

CASSANDRA BALDINI  |  TUESDAY, 11 JUL 2023
... Group suing the US Federal Deposit Insurance Corporation (FDIC) to recover $US1.9 billion which it seized upon takeover in March. SVB Financial Group said an inability to access the funds has impacted its reorganisation as the money should be generating ...

Institutions must raise the bar on cybersecurity resilience: APRA

CASSANDRA BALDINI  |  THURSDAY, 6 JUL 2023
... attacks are becoming more sophisticated. In recent months several global institutions have been hit by cyber criminals. In March, NGS Super suffered an attack in which members' data was compromised following some of its systems being accessed. Last ...

Inflation drops to 5.6%

CASSANDRA BALDINI  |  THURSDAY, 29 JUN 2023
... ABS data revealed that Australian retail turnover rose to 0.7% in May, following a flat result in April and a 0.4% rise in March. ABS head of retail statistics Ben Dorber commented that the retail turnover was supported by a rise in spending on food ...

Australian Unity buys up hospital land

CHLOE WALKER  |  MONDAY, 26 JUN 2023
... allied healthcare, and retail facilities in a mixed-use town centre. It comes after Australian Unity reopened its fund in March to raise $350 million for upcoming deals and developments. Australian Unity assistant fund manager, healthcare property Nicole ...

Morrison Securities pays infringement over DTRs

CHLOE WALKER  |  THURSDAY, 22 JUN 2023
... orders. It said that having DTRs manually review such a large volume of trades per day "is not best industry practice." In March, Sequoia Financial Group offloaded 80% of its stake in Morrison to New Quantum Holdings. At the time, Sequoia's board ...

Advance Asset Management ceases direct distribution

JAMIE WILLIAMSON  |  WEDNESDAY, 21 JUN 2023
... Advance Property Securities Multi-Blend Fund. Together, they hold about $4.2 billion in assets. The orders were issued in March, before the business transitioned from BT to Mercer. They were lifted later that same month, ahead of the deal - which also ...

Australian Retirement Trust names chief of retirement

KARREN VERGARA  |  WEDNESDAY, 21 JUN 2023
... of their superannuation journey." Her appointment completes the fund's new executive structure that was announced in March. In May, the fund promoted Nick Horn to head of investment risk and Bridget Piggott to head of risk. Also in June, ART appointed ...

URF investors reject K2 as RE

KARREN VERGARA  |  TUESDAY, 20 JUN 2023
... Fund V and the Venture Capital Opportunities Fund will have the chance to vote on whether they want to switch to KAM. In March, E&P Investments flagged it would replace itself for its funds based on investor feedback and as part of its broader strategy ...

SWFs double in size, eye alternatives

JAMIE WILLIAMSON  |  THURSDAY, 15 JUN 2023
... currently at 40%. The biggest increase in the current median allocation was in real estate, from 6.5% in 2021 to 8.6% in March 2023, Preqin explained. SWFs have also become more sophisticated with their alternatives investments, with some building large ...