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Showing 11 - 20 of 1084 results for %22late April%22

Iress sells platforms business

KARREN VERGARA  |  MONDAY, 26 FEB 2024
... million. Iress took over OneVue, which provided administration platforms for managed funds, superannuation, and investments, in late 2020 for $115 million. OneVue had two core divisions: funds and platform services. "Throughout the review process we ...

Court fines Linchpin, Endeavour directors

KARREN VERGARA  |  THURSDAY, 11 JAN 2024
... now in liquidation, were slapped with a combined $390,000 penalty by the Federal Court for breaching their duties. Last April, the court found that Ian Williams, Paul Raftery, Paul Nielsen, and Peter Daly breached numerous obligations in their roles ...

What you read in 2023

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
... Centric Super has just shy of 1000 accounts and $9 billion funds under administration. 4) Industry fund merger advances (April 21) In April, Mine Super and TWUSUPER signed a Heads of Agreement to merge, about five months on from confirming discussions ...

Selfwealth ditches Stake takeover bid

KARREN VERGARA  |  MONDAY, 16 OCT 2023
... role of chief executive, while Paul Cullinan assumed the role of acting chief executive. Rob Edgley resigned as chair in April. Several board and executive changes made at the start of the year included the resignation of Huy Truong, Jodie Leonard, and ...

Latest CPI data provides case for rate pause

CHLOE WALKER  |  THURSDAY, 31 AUG 2023
... raising interest rates. It will remain on hold for the remainder of this year with the first interest rate cut now expected in April 2024, with two further rate cuts pencilled in over the remainder of next year." Bassanese added that, provided overall ...

Munich Re targets AMP over alleged reinsurance misconduct

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... AMP Super, and AWM Services, were served with legal proceedings in the Supreme Court of New South Wales by Munich Re in April 2023. Central to the proceedings is the manner in which both Munich Re and Resolution Life Australasia (formerly AMP Life and ...

Online investor numbers dip as cost-of-living bites

CHLOE WALKER  |  FRIDAY, 4 AUG 2023
... as cause for the decline in online investing this year. Based on a survey of 22,324 investors and traders conducted from April to May, found about 1.28 million Australians placed trades on shares or ETFs in the 12 months to May, down from 1.51 million ...

Mortgage holders, retailers relax after rate pause

KARREN VERGARA  |  WEDNESDAY, 2 AUG 2023
... borrowers looking to refinance climbing to 52% during July." PEXA data shows that loan refinancing volumes rose sharply since April 2023, recently hitting a new record high of 203.2 points. The pause will allow Australia's property and mortgage markets ...

Magellan's FUM falls again

CHLOE WALKER  |  THURSDAY, 6 JUL 2023
... year to March. In April, it lost another $2.2 billion, and in May a further $0.5 billion. Magellan's troubles began in late 2021 when institutional shareholder St. James' Place yanked $23 billion from a pool $113.3 billion. Since then, the fund ...

Inflation drops to 5.6%

CASSANDRA BALDINI  |  THURSDAY, 29 JUN 2023
... Australian Bureau of Statistics (ABS), came as a pleasant surprise following consistently high inflation figures since last April. Excluding volatile items like fruit and vegetables, automotive fuel, and holiday travel, the ABS said the decline in inflation ...