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Showing 361 - 370 of 5002 results for "CAM"

Managers struggle to secure positive net flows in FY24

ANDREW MCKEAN  |  THURSDAY, 12 SEP 2024
A minority of investment managers have had positive net flows over the past year, according to Rainmaker Information. Of the 158 investment managers tracked in the research house's managed funds database, only 62 saw net inflows, while 96 experienced ...

FAAA ramps up Dixon inquiry campaign

JAMIE WILLIAMSON  |  THURSDAY, 12 SEP 2024
The Financial Advice Association Australia (FAAA) is calling on all federal members of parliament to support a public inquiry into the collapse of Dixon Advisory and the flow-on effect on the Compensation Scheme of Last Resort (CSLR). The FAAA has written ...

Genetic test results to no longer hinder life cover

JAMIE WILLIAMSON  |  WEDNESDAY, 11 SEP 2024
Insurers will no longer be able to use genetic test results in life insurance underwriting, with a total ban to be introduced by the government. Earlier this year, the government consulted on the use of genetic test results in underwriting life insurance ...

APRA alleges First Super co-chair breached director duties

JAMIE WILLIAMSON  |  FRIDAY, 6 SEP 2024
First Super co-chair Michael O'Connor has stepped down following allegations by APRA that he breached his duties as a director in relation to a contract between the fund and the Construction, Forestry and Maritime Employees Union (CFMEU). In addition ...

ASIC cancels AFSL of foreign exchange contracts issuer

ELIZA BAVIN  |  THURSDAY, 5 SEP 2024
The Australian Securities and Investments Commission (ASIC) has cancelled the Australian financial services licence (AFLS) of contracts for difference (CFDs) and foreign exchange contracts issuer, FXOpen AU. ASIC said the decision to cancel the licence ...

CFS reviews Ironbark mandate

KARREN VERGARA  |  TUESDAY, 3 SEP 2024
Colonial First State (CFS) is reviewing its mandate with Ironbark Asset Management, which recently decided to sever ties with Royal London Asset Management (RLAM), whose former investment team left to set up a new Pinnacle Investment Management affiliate. ...

Super funds fail to meet millennial members' expectations: ASIC roundtable

ANDREW MCKEAN  |  MONDAY, 2 SEP 2024
Super funds are falling short of millennial members' expectations, according to financial experts at an ASIC roundtable. The roundtable panellists, which included financial adviser Andrew Dunbar, She's on the Money podcast host Victoria Devine ...

FSU campaigns against workplace surveillance

JAMIE WILLIAMSON  |  FRIDAY, 30 AUG 2024
The Finance Sector Union (FSU) is backing calls for a Privacy in Working Life Act to prohibit unnecessary surveillance of employees by companies and to ensure any surveillance is regulated. The Victorian government is currently undertaking an Inquiry ...

Platinum outflows drag performance

KARREN VERGARA  |  FRIDAY, 30 AUG 2024
Persistent outflows cost Platinum Asset Management dearly in the last financial year as it hopes its new business unit, the Platinum Partner Series, will improve returns and stabilise flows. The 30% decrease in funds under management (FUM) to $13 billion ...

Perpetual chair to leave as $472m loss recorded

JAMIE WILLIAMSON  |  THURSDAY, 29 AUG 2024
Perpetual shareholders have finally been given an estimate of the cash proceeds from its deal with KKR, as the group reports a massive $472 million loss and farewells its chair. Releasing its full year results this morning, Perpetual reported a statutory ...