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Showing 3261 - 3270 of 34160 results for "Over"

Advisers share winning intergenerational wealth strategies

ANDREW MCKEAN  |  THURSDAY, 24 OCT 2024
The $3.5 trillion wealth transfer will be Australia's biggest economic event over the next 20 years, according to AMP Advice national lead Anjuum Siingh, who chaired a panel of financial advisers at the Financial Standard Retirement Income Forum today. ...

Operational risk reserve targets trimmed for larger funds

JAMIE WILLIAMSON  |  THURSDAY, 24 OCT 2024
... target 0.20%, while those with more than $165 billion will need to target a minimum of 0.175%. This will help them to avoid over reserving. The 0.25% ORFR target will remain for funds with less than $30 billion in assets. In making the change, APRA said ...

Westpac appoints acting head of wealth

ELIZA BAVIN  |  THURSDAY, 24 OCT 2024
... Herbert is currently the chief operating officer, business and wealth, and is set to replace Anthony Miller who is set to take over as Westpac chief executive on December 16, when King departs the major bank. Herbert joined Westpac in 2020. Prior to ...

Delaying DBFO imposes 'generational' consequences

MATTHEW WAI  |  THURSDAY, 24 OCT 2024
... delay could result in "generational impacts." CALI claims Australians will face a chain reaction of financial uncertainty over generations if DBFO isn't legislated by the next federal election. The first tranche of the bill passed the parliament in July. ...

Medium-sized advice firms flourish: Research

KARREN VERGARA  |  THURSDAY, 24 OCT 2024
Financial advice firms with 51 to 100 advisers are the fastest-growing cohort in the past year, new Rainmaker Information research shows. This group saw adviser numbers increase in aggregate by 8% in the 12 months to September. Conversely, groups with ...

HMC Capital makes $2bn acquisition

ELIZA BAVIN  |  THURSDAY, 24 OCT 2024
... in earnings compared to FY23 to $129 million thanks to recurring management fees, investment gains and performance fees. Over the past 12 months HMC has established three new platforms in private credit, energy transition and digital infrastructure.

Down but not out: Busting defined benefit myths

ANDREW MCKEAN  |  WEDNESDAY, 23 OCT 2024
... work, tight regulatory oversight, and careful financial planning, she said. One key challenge is that, as the funds shrink over time-whether through payout obligations or mergers-the operational and administrative costs remain constant, putting pressure ...

Making a splash: The economic impact of AUKUS

KARREN VERGARA  |  WEDNESDAY, 23 OCT 2024
... landmark deal which the three countries entered on 16 September 2021 mandates Australia deliver nuclear-powered submarines over two stages spanning 30 years, reportedly costing taxpayers between $250 billion and $368 billion. Prime Minister Anthony Albanese ...

Australian Ethical awards front office mandate

ANDREW MCKEAN  |  WEDNESDAY, 23 OCT 2024
... continues focus on "strengthening and diversifying the investment team's capability." "Adam has hit the ground running and over the coming months will further bolster our private markets offer targeting infrastructure and renewable energy projects that ...

Citi Australia snags J.P. Morgan executive

MATTHEW WAI  |  WEDNESDAY, 23 OCT 2024
Citi Australia has appointed Elizabeth McAlpine as chief risk officer and head of corporate credit risk. McAlpine has over two decades of experience in risk management and corporate banking. She enjoyed a 20-year stint at J.P. Morgan, where she was ...