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Showing 3231 - 3240 of 22782 results for "Funds"

Clime outlines growth focus, wins mandate

CHLOE WALKER  |  WEDNESDAY, 26 APR 2023
... client demand, while also flagging its first family office consulting mandate. In an update to the ASX, Clime said its total funds under management and advice grew to $5.6 billion in the March quarter. About $1.3 billion of this is held in individual ...

Ad hoc changes to super scare self-funded retirees: ASA

CHLOE WALKER  |  MONDAY, 24 APR 2023
... indexation; and the lack of transition period. "The proposal and the way of introducing it appears to be assigned to drive funds out of the superannuation regime, without the backlash of a hard cap on balances," the ASA said. The ASA said it supports ...

Former adviser jailed for nine years

KARREN VERGARA  |  MONDAY, 24 APR 2023
... and $745,000 during October 2016 and March 2020, the District Court of New South Wales heard on April 21, only to use the funds to feed his gambling addiction. The hearing detailed how Fineff played his unwitting clients, 11 of which were approached ...

APAC investors cut PE allocations by 50%

CASSANDRA BALDINI  |  MONDAY, 24 APR 2023
... private equity involvement. Global consultancy firm Bain & Co's Asia-Pacific Private Equity Report 2023 explained PE funds turned cautious in 2022, ending two years of record dealmaking. "By midyear, an economic slowdown collided with mounting global ...

Industry fund merger advances

ANDREW MCKEAN  |  FRIDAY, 21 APR 2023
Two industry superannuation funds have reached a key milestone, signing a Heads of Agreement to form a combined fund that will manage $20 billion. Mine Super and TWUSUPER have progressed in their merger process, which began in December 2022 with the ...

Slash proposed tax rate for high super balances: FAAA

KARREN VERGARA  |  FRIDAY, 21 APR 2023
... including the taxing of unrealised gains, the lack of access to the one third Capital Gains Tax discount that applies to super funds and the lack of access to the benefit of franking credits that would otherwise be available to super funds," she said. ...

ATO keeping tabs on SMSF early access, tax avoidance

KARREN VERGARA  |  FRIDAY, 21 APR 2023
The tax office issued a fresh warning to the rich who use self-managed superannuation funds as a vehicle for dodging tax and those who illegally access their retirement savings early. Of the total SMSFs in existence, 25% are operated by private wealth ...

Superannuation changes limit tax benefits for top earners: ASFA

ANDREW MCKEAN  |  FRIDAY, 21 APR 2023
... more than 19,000 income protection claims were paid. Also, around 16,000 TPD benefit payments were made from superannuation funds amounting to over $2.2 billion being received by fund members.

Challenger reports strong retail annuity sales

ANDREW MCKEAN  |  THURSDAY, 20 APR 2023
... shorter duration, and we remain very disciplined on institutional term annuity pricing," he said. Challenger's total funds under management (FUM) increased 3% during the quarter, totalling $96 billion. This growth was primarily driven by Fidante ...

Search funds beat VC, private equity returns

CASSANDRA BALDINI  |  THURSDAY, 20 APR 2023
Search funds, an investment strategy that sprung from the hallways of two Ivy league universities in the US, have reached Australia, grabbing the attention of investors drawn to the new business model and returns in excess of 30%. Developed by universities ...