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Showing 3771 - 3780 of 21764 results for "Dec"

Amber Infrastructure buys up NZ assets

CASSANDRA BALDINI  |  MONDAY, 12 DEC 2022
Amber Infrastructure Group (Amber) has agreed to acquire five New Zealand infrastructure assets from Morrison & Co for approximately NZ$200 million. The five assets from Morrison & Co's Public Infrastructure Partners portfolio (PIP) will be 100% owned ...

Former Statewide Super executives charged

ANDREW MCKEAN  |  MONDAY, 12 DEC 2022
Two former senior Statewide Superannuation executives have appeared before the Adelaide Magistrates' Court charged with dishonesty offences. The offences relate to the former Statewide Super executive's procurement of services between February ...

Pinnacle's performance fee revenue could plummet

ANDREW MCKEAN  |  MONDAY, 12 DEC 2022
Pinnacle Investment Management Group (Pinnacle) expects its net share of performance fees to be potentially less than $1 million, down from $6.4 million in the corresponding period ending 31 December 2021. In an ASX announcement, Pinnacle said several ...

ASIC abandons $500k SMSF threshold

ANDREW MCKEAN  |  FRIDAY, 9 DEC 2022
ASIC has updated guidance on SMSF advice, deciding to remove $500,000 as an indicator of the "appropriateness of advice" to establish a SMSF. ASIC hasn't opted to nominate a minimum threshold but said fund expenses are proportionality higher, and net ...

Global pension report reveals flight to safety

ELIZABETH FRY  |  FRIDAY, 9 DEC 2022
As is typical in volatile and uncertain times, a flight to safety is apparent. Global public funds will be net sellers of public equity and some higher-yielding fixed-income assets. They will retreat to safe-haven currencies, with dollar holdings rising ...

Latest adviser exams see 57% pass rate

CASSANDRA BALDINI  |  FRIDAY, 9 DEC 2022
Just over half of the candidates who sat the November exam passed, revealed ASIC. ASIC released the 19th cycle Financial Advisers Exam results and said, of the 282 candidates who sat the test, only 161 (57%) were approved. It explained 57% sat the test ...

BT head joins Colonial First State

ANDREW MCKEAN  |  THURSDAY, 8 DEC 2022
Colonial First State (CFS) has expanded its leadership team, hiring Chris Mather as its new executive director of new business. CFS group executive of distribution Bryce Quirk said: "Chris is an accomplished financial services executive and senior leader ...

CBA increases Countplus indemnity to $520m

ANDREW MCKEAN  |  THURSDAY, 8 DEC 2022
Commonwealth Bank of Australia (CBA) has increased the limit of indemnity provided to Countplus, from $300 million to $520 million. CBA said the purpose of the increased limit was to cover certain remediation activities that were identified at the time ...

LGT Crestone brings VC offering to local HNWs

CHLOE WALKER  |  THURSDAY, 8 DEC 2022
In partnering with StepStone Private Wealth, LGT Crestone is providing one of the first open-ended venture capital (VC) funds of its kind for Australian high-net-worth investors. The StepStone Private Venture and Growth Fund, known as SPRING, is already ...

Morningstar restructures investment team

CASSANDRA BALDINI  |  THURSDAY, 8 DEC 2022
Morningstar Australia has announced a restructuring of its manager selection and portfolio management team, bidding farewell to its longstanding director of manager research. The financial services firm said its manager selection sector, which previously ...