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Showing 3051 - 3060 of 22782 results for "Funds"

FSCP hands down second order, audits adviser

KARREN VERGARA  |  WEDNESDAY, 28 JUN 2023
... Services and Credit Panel has ordered an audit of a financial adviser who carelessly recommended a client switch superannuation funds. Releasing its second determination since it launched, the FSCP said the unnamed adviser, only referred to as "Mr. M" ...

BUSSQ dumps fixed interest, shares options

JAMIE WILLIAMSON  |  WEDNESDAY, 28 JUN 2023
... held just $3.2 million. The BUSSQ All Shares option returned 9.2% over the 10 years to April end and had $14.9 million in funds under management. On a $50,000 balance, the Diversified Fixed Interest option cost members $442 per year, while the All Shares ...

abrdn sells local trustee business

CHLOE WALKER  |  TUESDAY, 27 JUN 2023
MSC Trustees has acquired abrdn's Australian trustee entity, becoming the corporate trustee of 10 funds. The fund book, comprising $1.5 billion in funds under management, includes the abrdn Sustainable Asian Opportunities Fund, abrdn Sustainable ...

More pension funds, insurers impacted by MOVEit mass-hack

JAMIE WILLIAMSON  |  TUESDAY, 27 JUN 2023
Among other companies to confirm their involvement, a second US pension fund has notified members their personal information was stolen in the same breach impacting members of CalPERS. The California State Teachers Retirement System (CalSTRS) told members ...

ASIC nudges trustees on member fund compliance

ANDREW MCKEAN  |  TUESDAY, 27 JUN 2023
ASIC is appealing for superannuation trustees to adhere to their legal responsibilities concerning member funds following a review of 12 trustees. A recent review by ASIC revealed that most aren't meeting their legal responsibilities for managing incoming ...

Anti-hawking laws could dampen super fund advice: Academic

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
... "offering" the product. "It is hardly surprising that many trustees do not want to take the risk," he said. Not all super funds currently offer intra-fund advice. Trustees without a licence to provide personal advice can include lifetime pensions in ...

Fidante partners with Proterra Asia

CASSANDRA BALDINI  |  TUESDAY, 27 JUN 2023
... extend beyond the UK and Europe to also cover Australia, Japan, and other agreed jurisdictions. Challenger chief executive of funds management Victor Rodriguez commented that diversifying Fidante's capability and offering in the alternatives space is ...

Rest appoints WTW as asset consultant

CASSANDRA BALDINI  |  MONDAY, 26 JUN 2023
... regulatory environment, and internalisation of the investment function create a new set of challenges for major superannuation funds, particularly for governance functions, responsible for oversight." Rest said the appointment will bolster independent ...

Investors trust ChatGPT for advice

KARREN VERGARA  |  MONDAY, 26 JUN 2023
... adviser in the future. According to the Investor Index study of 1100 UK investors with a minimum of £10,000 ($19k) investible funds, 73% think that ChatGPT is reliable for financial advice. The survey, canvased by communications firm AML Group and research ...

ISA welcomes back former chair

CASSANDRA BALDINI  |  MONDAY, 26 JUN 2023
... Economy Agency and will be replaced by Collins at the start of next month. ISA said Collins is a strong advocate for industry funds and the leading role they play in Australia's financial industry. It added that he has been at the coalface of super policy ...