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Showing 2891 - 2900 of 29058 results for "PRI"

Forged documents see former adviser banned

JAMIE WILLIAMSON  |  THURSDAY, 30 MAY 2024
A former Capstone Financial Planning adviser who forged clients' signatures to steal from them is now permanently banned. Christopher Nairn was found by ASIC to have falsified numerous documents by forging client signatures to gain access to and misappropriate ...

BT Panorama launches first-of-its-kind private market managed account

ANDREW MCKEAN  |  THURSDAY, 30 MAY 2024
BT has launched the Drummond Private Markets Separately Managed Account (SMA) on the BT Panorama platform, offering high-net-worth (HNW) clients access to a portfolio of private equity, private debt, and real assets. BT head of managed accounts Zac ...

AFCA to expel Dixon Advisory

KARREN VERGARA  |  THURSDAY, 30 MAY 2024
The Australian Financial Complaints Authority (AFCA) is set to kick out Dixon Advisory & Superannuation Services (DASS) as a member over the next few weeks. AFCA announced on May 28 that the administrator of DASS has 21 days to reply to the proposal. ...

Interest rate relief unlikely 'this side of Christmas'

ELIZA BAVIN  |  THURSDAY, 30 MAY 2024
The higher-than-expected monthly CPI data for April could mean the Reserve Bank of Australia's (RBA) hands are tied when it comes to higher-for-longer interest rates. Annual growth in the non-seasonally adjusted CPI lifted from 3.5% to 3.6% in April ...

Koda Capital poaches five JBWere advisers

KARREN VERGARA  |  WEDNESDAY, 29 MAY 2024
Five JBWere financial advisers will jump ship to Koda Capital as the latter expands its presence in Melbourne. Simon Talbot spent more than 23 years at NAB's JBWere where he was most recently a director and senior wealth adviser. Elizabeth Watson joins ...

Super pool jumps to $3.9tn

KARREN VERGARA  |  WEDNESDAY, 29 MAY 2024
Superannuation assets soared to $3.9 trillion, jumping 11.3% at the end of March despite the number of APRA-regulated funds shrinking. The latest APRA statistics show that a wave of contributions drove the momentum as well as investments returning 10.9% ...

Market pessimism over Insignia 'overblown'

ELIZA BAVIN  |  WEDNESDAY, 29 MAY 2024
Morningstar equity analyst Shaun Ler believes that the market is pessimistic over Insignia Financial and is downplaying its ability to stabilise its earnings. "Investors appear to be deterred by margin compression, sluggish flows, restructuring challenges ...

How much do you need to retire in Australia?

ANDREW MCKEAN  |  WEDNESDAY, 29 MAY 2024
The Association of Superannuation Funds Australia (ASFA) has revealed that the cost of funding a "comfortable retirement" has risen to a record high. ASFA said couples need $72,663 per year, while singles require $51,630 annually to experience a comfortable ...

EQT Mid-Market Growth Fund exceeds target

ANDREW MCKEAN  |  TUESDAY, 28 MAY 2024
The Baring Private Equity Asia EQT Mid-Market Growth Partnership (MMG fund) has held its final close at $2.4 billion in total fund commitments, of which $2.1 billion is fee-generating. The raise more than doubled the fund's original target size of $1.1 ...

Brookfield Oaktree to further democratise alternatives in Australia

ANDREW MCKEAN  |  TUESDAY, 28 MAY 2024
Local investors will get access to Brookfield Oaktree Wealth Solutions' global private credit strategy later this year, with plans to launch it as a unit trust. An infrastructure fund that's been successful in other regions will follow by early ...