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Showing 3241 - 3250 of 28255 results for "NOT"

XTBs to be delisted following collapse

CASSANDRA BALDINI  |  TUESDAY, 7 NOV 2023
... involvement of ACBC and has been unsuccessful in locating a suitable substitute for the company. Additionally, the liquidators did not accept any offers to acquire ACBC as an ogoing and functioning entity. "In light of the extenuating circumstances ...

GQG Partners FUM declines

ANDREW MCKEAN  |  TUESDAY, 7 NOV 2023
... yet to win over River Capital, the largest shareholder of PAC. Separately, besieged Magellan Financial Group has slowed, but not stopped, the bleeding of its FUM. The fund manager, in an ASX announcement on Monday, reported a month-on-month FUM reduction ...

Sterling Income Trust executives charged

CHLOE WALKER  |  MONDAY, 6 NOV 2023
... returns from their initial lump sum payment would be sufficient to cover the rent on their long-term lease and that they would not be asked to make any other payments towards rent. "This was both novel and high-risk," ASIC said. When Sterling Group collapsed ...

Active funds outperform passive strategies - sometimes

ANDREW MCKEAN  |  MONDAY, 6 NOV 2023
Morningstar has revealed that in sectors such as Australia mid/small blend and local large value equities, active funds demonstrate superiority, while passive funds remain dominant in markets with representative indexes. According to the research house's ...

Legalsuper hits members with increased fees

ANDREW MCKEAN  |  MONDAY, 6 NOV 2023
... investing in improved products and services to assist members to build their wealth and quality of life in retirement. "As a not-for-profit fund, we ensure all our decisions are made in the best financial interest of our members," he said. "We have a ...

Westpac reports $7.2bn profit

KARREN VERGARA  |  MONDAY, 6 NOV 2023
... books. "While more customers are calling us, hardship levels remain at around half the numbers we saw during COVID and we are not yet seeing significant increases in customers falling behind on repayments. But this doesn't mean it's been an easy ...

Government must revise infra pipeline: Chalmers

CASSANDRA BALDINI  |  MONDAY, 6 NOV 2023
... answer questions on the appointment of a new RBA deputy governor, however confirmed there are a few names in mind. "I'm not prepared to share any names today. We've got some more due diligence to do, and I want to make sure that I take it to ...

Dispute resolution failures land TelstraSuper in Federal Court

KARREN VERGARA  |  MONDAY, 6 NOV 2023
... requirements. ASIC alleges that 40% of the corporate superannuation fund's responses to complainants during a specific period did not comply with its own dispute resolution procedures. The $23 billion fund is its own administrator. Between 22 October ...

Link revises financial reports after ASIC review

ANDREW MCKEAN  |  FRIDAY, 3 NOV 2023
Link Group amended its FY23 financial report that was released in August, following an ASIC review that identified potential "material misstatements." ASIC pinpointed discrepancies in the recorded value of Link's Fund Solutions business assets and provisions ...

Macquarie appoints Byres, half-year results decline

KARREN VERGARA  |  FRIDAY, 3 NOV 2023
... from the board in mid-2024. The appointment comes as Macquarie released its half-year to September 2023 results that have not lived up to their performance one year ago. The group's operating income was down 25% year on year to $7.8 billion, while ...