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Showing 11 - 20 of 5678 results for "cash"

Macquarie Bank to pay $10m for unauthorised fee transactions

ELIZA BAVIN  |  MONDAY, 22 APR 2024
... controls to prevent and detect unauthorised fee transactions conducted by third parties, such as financial advisers, on customer cash management accounts. ASIC chair Joe Longo said fraud controls were increasingly important and the case against Macquarie ...

Equity Trustees scores Woodbridge mandate

ELIZA BAVIN  |  MONDAY, 22 APR 2024
... entire debt and equity spectrum." The Woodbridge Secured Income Fund aims to provide investors with a net return of the RBA cash rate plus 5% to 7% per annum net of fees and costs. The fund seeks to achieve this by providing investors with indirect exposure ...

intelliflo adds SMSF cashflow modelling capabilities

JAMIE WILLIAMSON  |  THURSDAY, 18 APR 2024
Advisers using intelliflo now have access to cashflow modelling tools for SMSF clients. A new update to its intelliflo office software includes detailed cashflow inputs, projections, and outputs within its cashflow modelling for clients SMSFs, or who ...

AMP North adviser inflows rise 22%

ANDREW MCKEAN  |  THURSDAY, 18 APR 2024
... business' assets under management (AUM) increased to $74.3 billion. In a quarterly business update, AMP reported that net cash inflows to platforms increased 32% from $152 million in Q1 2023 to $201 million in Q1 2024. However, pension payments increased ...

Small cap investors told to 'stop whinging'

ELIZA BAVIN  |  THURSDAY, 18 APR 2024
Forager Funds Management chief investment officer Steve Johnson has told small cap investors to "stop whinging" about share prices. In an exerpt from the March Quarterly Report, Johnson said there are plenty of smaller companies that have seen significant ...

Mine Super cuts fees, updates investment options

ANDREW MCKEAN  |  WEDNESDAY, 17 APR 2024
... Both will also be offered to pension members. The defensive option has a "medium level of risk" and includes assets like cash and fixed income. It also has some growth assets like shares and property. Over a 20-year period, its estimated there may be ...

Powell backflips on rates pushing back RBA cut expectations

ELIZA BAVIN  |  WEDNESDAY, 17 APR 2024
... a few months, during the middle of the 2024, but on balance, Australia should avoid a recession with the RBA holding the cash rate at 4.35% until at least 2025." This comes as the International Monetary Fund (IMF) urged global central banks to "stay ...

HUB24 hits $100bn milestone

KARREN VERGARA  |  TUESDAY, 16 APR 2024
... margin due to the tiered pricing of administration fees and the impact markets can have on the percentage of FUA held as cash," HUB24 said. "This percentage has been lower over the quarter compared to the average during 1HFY24." There are now 4382 financial ...

Class action building against GEMI Capital

ELIZA BAVIN  |  MONDAY, 15 APR 2024
... than $3 billion since it launched in 2000 and offers short-term property-backed loans. GEMI's assets are split between its cash management fund, the first mortgage fund, and the GEMI fund which offers the short-term loans. Investors in the group's mortgage ...

Janus Henderson tailors fund to NZ investors

JAMIE WILLIAMSON  |  THURSDAY, 11 APR 2024
... currency and commodity relative value, and portfolio protection. The fund aims to outperform the Reserve Bank of NZ official cash rate by 7% before fees over rolling three-year periods. The strategy is co-managed by head of diversified alternatives David ...