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Showing 281 - 290 of 3993 results for "administration"

Praemium hunts for new chief financial officer

ELIZA BAVIN  |  TUESDAY, 25 FEB 2025
... group saw a statutory net profit after tax of $5.8 million, up 45% to the prior corresponding period. Funds under administration rose 29% to $62.1 billion. Platform FUA came in at $30.2 billion, including $4.2 billion from OneVue. "This is an outstanding ...

Multiple account bungle costs AustralianSuper $27m

KARREN VERGARA  |  FRIDAY, 21 FEB 2025
... issue. In that period, there were 90,788 affected members who incurred about $69 million in losses from multiple administration fees and insurance premiums and investment earnings. Between May and June 2023, AustralianSuper paid about $69 million to ...

Apex names country head and COO

ELIZABETH FRY  |  THURSDAY, 20 FEB 2025
... officer for superannuation. Bradford said the appointments underline Apex's position as a market leader in fund administration and custody. "Apex has rapidly scaled in Australia, and the figures from the Australian Custodial Services Association ...

ART appoints chief commercial officer

ELIZABETH FRY  |  THURSDAY, 20 FEB 2025
... at Mercer in several roles including operations relationship management business development product and pension administration. He has also worked for ANZ and Super Concepts. Last July, ART announced a new operating model, effective immediately, focused ...

Insignia Financial improves losses amid takeover

JAMIE WILLIAMSON  |  THURSDAY, 20 FEB 2025
... year to $705.8 million, and expenses dropping slightly by 7% to $482 million. Average funds under management and administration rose 8.6% to $320 billion. Its Advice business recorded an underlying net profit after tax (UNPAT) of $11.8 million, while ...

Global tariffs to spike under Trump: Economist

KARREN VERGARA  |  WEDNESDAY, 19 FEB 2025
... International Economics, Masters said the average tariff rate of all goods entering the US under Trump's first administration saw the average tariff rate go from 1% to 2% - effectively doubling. Under the current administration, recent tariffs slapped ...

HUB24 engulfs ClearView's remaining superannuation business

KARREN VERGARA  |  WEDNESDAY, 19 FEB 2025
HUB24 expects its $121 billion in funds under administration (FUA) to surge even further as it takes on ClearView's superannuation and pension business, WealthFoundations. WealthFoundations will bring $1.3 billion in FUA via a successor fund transfer ...

Custodians revel in double-digit gains

JAMIE WILLIAMSON  |  TUESDAY, 18 FEB 2025
... assets - Apex Group's pool shrunk by 4% to $35.59 billion. That said, Apex Group has the most assets under administration (not held in custody) at $273.3 billion, up 17.3% since June 2024. When combined with its custody assets, Apex Group ranks sixth ...

Platforms placate fee consent ordeal: SuitabilityHub

KARREN VERGARA  |  MONDAY, 17 FEB 2025
... processed. "That takes a lot of time. HUB24 is an example of a platform brining innovative solutions to help with the administration of these fee consents," he said. One of HUB24's new features is the ability for advisers to track all fee consent activities. ...

Fiducian FUMAA swell to $14.4bn

KARREN VERGARA  |  MONDAY, 17 FEB 2025
Fiducian Group reported an 11% increase in funds under management, administration, and advice (FUMAA) to $14.4 billion thanks to improved inflows and the steady rise of the financial markets. The funds management business saw assets grow by 16% in the ...