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Showing 281 - 290 of 3302 results for "RIC"

RFI Global takes on DBM's Atlas division

CHLOE WALKER  |  WEDNESDAY, 5 APR 2023
Two Australian financial services data and insights firms have joined forces, following the acquisition of DBM Atlas by RFI Global. Founded in Melbourne, DBM Atlas, a subsidiary of the Illuminera Group, is a local specialist in research and insight ...

Harvest Lane backs US cybersecurity firm

CHLOE WALKER  |  TUESDAY, 4 APR 2023
Harvest Lane Asset Management (Harvest Lane) led a $17.2 million funding round for cybersecurity company Votiro, with the investment chief joining the technology firm's board. The new funding aims to accelerate Votiro's global marketing and sales reach ...

Curbing super tax breaks for the wealthy: Consultation opens

ANDREW MCKEAN  |  MONDAY, 3 APR 2023
The government has opened consultation on its proposal to increase the concessional tax rate for superannuation balances over $3 million. Under the proposal, individuals with super balances over $3 million would see their tax rates on earnings double ...

Rating the rating houses: How much do advisers rely on fund research?

KARREN VERGARA  |  FRIDAY, 31 MAR 2023
As fund research plays a critical role in helping financial advisers make conflict-free product recommendations, what bearing do rating houses have in helping them meet their obligations? According to Main Street Financial Solutions principal and private ...

Global crypto platform expands to Australia

ANDREW MCKEAN  |  THURSDAY, 30 MAR 2023
Global cryptocurrency platform OKX has revealed plans to establish an Australian office. According to CoinMarketCap data, OKX ranks as the seventh largest cryptocurrency spot exchange and third largest crypto derivatives trading platform, by trading ...

Another Aussie mandate for Apex Group

CHLOE WALKER  |  WEDNESDAY, 29 MAR 2023
Brisbane-based investment firm Hamilton12 has selected Apex Group as administrator of its new Australian Shares Income Fund. The Hamilton12 Australian Shares Income Fund, launched this month, aims to generate long-term after-tax returns for Australian ...

Super reform "takes away the right to be tax exempt"

ANDREW MCKEAN  |  TUESDAY, 28 MAR 2023
The potential super shake-up, which includes contentious provisions on pension payments and unrealised capital gains tax, has drawn criticism from a top AFSL. Under the existing Superannuation Industry Supervision (SIS) regulations, retirees must draw ...

Bank of Queensland names Frazis replacement

CHLOE WALKER  |  MONDAY, 27 MAR 2023
Current chairman Patrick Allaway has been named as Bank of Queensland's (BOQ) new managing director and chief executive for the period up to December 2024. The temporary appointment comes after former chief executive George Frazis departed suddenly ...

Retirement officer roles critical in super funds

CHLOE WALKER  |  THURSDAY, 23 MAR 2023
... important as we all overlay and outlay our retirement strategies." "I'm not talking about the Retirement Income Covenant (RIC) and what we're required to do, but our business strategies and how we're going to transform the funds into early ...

Inflation erodes retiree savings by 7.5%

KARREN VERGARA  |  TUESDAY, 21 MAR 2023
The rising cost of travel, fuel and many food staples continue to aggravate the quality of living for retirees as inflation leapt 7.5% in the last year. Oils and fats (20.8%), domestic travel and accommodation (19.8%), milk (17.9%), gas (17.4%), fuel ...