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Showing 351 - 360 of 8221 results for "June"

Increased local, international demand drives practice valuations

MATTHEW WAI  |  WEDNESDAY, 18 JUN 2025
... clients aged under 64 recorded the lowest increase in valuation, growing from 2.3x-3.0x to 2.5x-3.2x in the 12 months to June 2025. In risk insurance, clients under 55 are valued at 2.5x to 3.2x, and 2.1x-2.8x for those aged between 55 and 60. However ...

Firms rebuffing AFCA determinations should be named: FAAA, professional bodies

KARREN VERGARA  |  TUESDAY, 17 JUN 2025
... industry to see those entities that have contributed to the cost of the CSLR," they said. The consultation, which ended on June 13, proposed changes to AFCA's rules to reflect a recent authorisation condition issued by the federal government and to improve ...

ASIC takes action on Australian Fiduciaries

KARREN VERGARA  |  MONDAY, 16 JUN 2025
... Another failure is to conduct regular valuations of its schemes, as well as the loss of value in the underlying assets. In a June 12 investor update, Australian Fiduciaries said the "FY2024 financials have been drafted and are with the auditors. The ...

ASIC cancels Financial Services Group Australia's AFSL

KARREN VERGARA  |  MONDAY, 16 JUN 2025
... consumers who invested in the Shield Master Fund and the First Guardian Master Fund. ASIC said it cancelled FSGA's licence on June 7 for failing to take reasonable steps to ensure that two of its representatives provided financial product advice ...

TAL scores new super fund mandate

JAMIE WILLIAMSON  |  FRIDAY, 13 JUN 2025
... their insurance. As part of its negotiations with TAL, premiums paid by members will remain as they currently are until 30 June 2028. Among other changes, members will also have increased maximum cover amounts of tailored insurance. The maximum amount ...

Aware Real Estate names new chief

ELIZABETH FRY  |  THURSDAY, 12 JUN 2025
Aware Real Estate (ARE) has appointed Tracey Whitby as chief executive of the $2.5 billion property fund, effective June 1. Whitby had been serving as interim chief executive for the past six months. The property arm's chair Rod Fehring praised ...

$15m crypto scam costs former adviser 10 years

JAMIE WILLIAMSON  |  THURSDAY, 12 JUN 2025
... million of funds invested by clients, family and friends to a cryptocurrency-based investment scam. Between March 2022 and June 2023, she allegedly transferred the money into accounts held in her name and that of her personal company before converting ...

Super funds' private market assets grow to $400bn

KARREN VERGARA  |  WEDNESDAY, 11 JUN 2025
Superannuation funds had $400 billion invested in private market assets, jumping 34% in the two years to June 2024, Rainmaker Information analysis of APRA data shows. Private real assets, classified as unlisted investments in property and infrastructure ...

Treasury welcomes new leader

MATTHEW WAI  |  WEDNESDAY, 11 JUN 2025
The Secretary of the Department of Finance will make history as the first woman to lead Treasury, commencing June 16. Jenny Wilkinson will replace Steven Kennedy, who is taking on a new role of Secretary of the Department of the Prime Minister and Cabinet. ...

Labor proposes changes to ancillary funds

KARREN VERGARA  |  WEDNESDAY, 11 JUN 2025
... funds, charities that receive support from giving funds, advisers to funds and charities and peak bodies. They have until June 20 to express their interest. Other interested parties can make submissions until August 1.