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Showing 3481 - 3490 of 18263 results for "Plan"

ASIC releases grandfathered arrangement findings

KARREN VERGARA  |  FRIDAY, 16 JUL 2021
... 4% or 46 products however, failed to terminate GCRs prior to the deadline of 1 January 2021. These eight product issuers plan to rebate an estimated $24.4 million. ASIC said it will contact them to ensure that they understand their legal obligations. ...

Crypto fund hires from Blue Sky

ELIZABETH MCARTHUR  |  FRIDAY, 16 JUL 2021
A new cryptocurrency fund has launched in Australia has appointed its chief investment officer from Blue Sky Alternatives. The Monochrome Bitcoin Fund, a unit trust aiming to provide institutional investors exposure to Bitcoin, launched last month. ...

WAM Global performance rises

ANNABELLE DICKSON  |  FRIDAY, 16 JUL 2021
The $646 million listed investment company has announced a record investment portfolio for FY20, outperforming the index by 3.2%, ahead of its full-year results. WAM Global recorded investment portfolio performance of 30.7% and total shareholder return ...

ROA relief guidance released

KARREN VERGARA  |  FRIDAY, 16 JUL 2021
ASIC and the Financial Adviser Standards and Ethics Authority have provided further guidance on how advisers can use Records of Advice to make the most of the temporary measure. The corporate regulator and FASEA said the guidance and case study they ...

Platform FUM grows

ANNABELLE DICKSON  |  FRIDAY, 16 JUL 2021
Platforms have seen strong increases in funds under management over the year to March 2021, new research shows. Plan For Life's latest analysis of wraps, platforms and master trusts revealed the leading market players all saw a rise in FUM. BT took ...

No charges in AMP BOLR investigation

JAMIE WILLIAMSON  |  FRIDAY, 16 JUL 2021
ASIC's criminal investigation into AMP's fee-for-no-service conduct related to its Buyer of Last Resort Policy has wrapped up, with the regulator and Commonwealth Director of Public Prosecutions determining no charges should be brought. Under ...

Praemium strengthens distribution efforts

JAMIE WILLIAMSON  |  THURSDAY, 15 JUL 2021
A former head of wholesale at Fidelity is joining the platform provider's distribution team. Andrew Mathie is now a regional manager at Praemium, responsible for New South Wales. He brings more than 20 years' experience in wealth management, most notably ...

CountPlus firm finalises acquisition

ANNABELLE DICKSON  |  THURSDAY, 15 JUL 2021
CountPlus member firm Unite Advisory has finalised the terms to acquire and merge with Coffs Harbour based advisory firm Bentley Brett & Vincent. The transaction includes an initial payment of $1.45 million and deferred payments over two years with ...

Preqin expands local team

KANIKA SOOD  |  WEDNESDAY, 14 JUL 2021
The alternatives research house has hired two on its Australian team, as it looks to expand its local data coverage. Mery Apolloni has joined as a senior research associate from S&P Global Market Intelligence and Tanzila Awrna has joined as a research ...

Praemium to sell international business

JAMIE WILLIAMSON  |  WEDNESDAY, 14 JUL 2021
... proposed divestment would also allow Praemium to focus on the Australian business, the company said. Confirmation of the plan for the business comes as Praemium reports record funds under administration for both the Australian and international arms. ...