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| | | Industry Super Australia (ISA) and the Australian Institute of Superannuation Trustees (AIST) are merging, announcing a new unified organisation to represent profit-to-member superannuation funds. In a joint statement, ISA and AIST said the merged entity ... |
| | | | ... liability". "The majority of the settlement amount will be met by available insurance proceeds," AMP said. "This settlement does not impact the current second tranche of capital return to shareholders and we remain committed to updating the market on ... |
| | | | Westpac has posted a net profit of $1.8 billion for 3Q23, driven by steady operating revenue and disciplined margin management. Despite inflationary headwinds which led to a rise in expenses by approximately 5% for the second half of 2023 compared to ... |
| | | | Iress is selling its managed funds administration business and will not pay an interim dividend, opting instead to reduce debt as it progresses its transformation project. Reporting its half-year results today, Iress announced it will offload the MFA ... |
| | | | Foresters Financial has rolled out a new education bond, offering a tax-effective avenue for families to save for their children's education. The education bond operates under a "scholarship plan" framework, allowing bond administrators to benefit from ... |
| | | | The Australian Bureau of Statistics (ABS) reported a 14,600 drop in employment in July, deviating sharply from the anticipated rise of 15,000 by economists. In July, the unemployment rate increased to 3.7%, up from 3.5% the previous month, despite economists' ... |
| | | | GQG Partners' funds under management (FUM) has surged to $104.1 billion as of June 30, reflecting 20.1% growth year on year. In an ASX announcement, GQG attributed FUM growth to $6.2 billion of net inflows and strides in the global equity markets. The ... |
| | | | ... strong returns in a consistent and sustainable manner." Meantime, QIC chief executive Kylie Rampa said the partnership will not only bolster QIC's capital base but also allow for an expansion of the local investment team in Europe. QIC has been represented ... |
| | | | ... has been sentenced to a non-conviction bond for falsely claiming that it held an Australian credit licence (ACL) when it did not. In 2019, Helio falsely represented on its website that it held an ACL. At the time, Helio was neither an ACL holder nor ... |
| | | | ... agreement to have the former distribute the superannuation product, but the court found that the payments made by CFS to CBA did not constitute benefits within the definition of 'conflicted remuneration', unlike a financial adviser receiving ... |
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