Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 3801 - 3810 of 29058 results for "PRI"

IML launches Aussie shares fund as active ETF

CASSANDRA BALDINI  |  TUESDAY, 1 AUG 2023
The IML Concentrated Australian Share Fund (Quoted Managed Fund) is now available on the ASX as an active ETF, catering to financial advisers and retail investors. The fund manager explained its Quoted Managed Fund represents a distinct class of units ...

Goldman Sachs launches global infra feeder fund for Aussie investors

CASSANDRA BALDINI  |  MONDAY, 31 JUL 2023
Goldman Sachs Asset Management (GSAM) has successfully launched its inaugural Australian feeder fund off the back of significant demand from local clients. The investment giant said the Aussie feeder fund, launched in the second quarter, provides investors ...

AZ NGA acquires stake in Sydney advice firm

CASSANDRA BALDINI  |  MONDAY, 31 JUL 2023
AZ NGA has acquired an economic interest of 42% in Foster Raffan iPlan, to support the business in its growth and expansion endeavours. Based in North Sydney, Foster Raffan iPlan specialises in wealth management and retirement planning and is led by ...

New boutique hires EQT as RE

KARREN VERGARA  |  MONDAY, 31 JUL 2023
Equity Trustees has won another responsible entity mandate this month from a fledgling investment manager whose funds currently focus on Australian equities. Blackwattle Investment Partners, which opened its doors in May, named Equity Trustees to oversee ...

Aware Super details new term deposit option

JAMIE WILLIAMSON  |  MONDAY, 31 JUL 2023
Aware Super members with at least $15,000 in their account can now invest their super directly in term deposits, locking in rates currently as high as 5.25%. In April, Financial Standard flagged Aware Super was introducing a term deposit investment ...

Advice from Shartru failed best interests duty, ASIC says

JAMIE WILLIAMSON  |  MONDAY, 31 JUL 2023
ASIC has imposed additional licence conditions on dealer group Shartru Wealth Management, saying representatives have not been adequately supervised, leading to some financial advice provided failing the best interests duty. The additional conditions ...

NGS ahead of schedule on net zero strategy

RACHEL ALEMBAKIS  |  FRIDAY, 28 JUL 2023
NGS Super is making faster-than-expected progress towards its goal of achieving a carbon neutral portfolio by 2030. Measurement of carbon intensity in the NGS Diversified MySuper portfolio fell by nearly 20% between 30 June 2021 and 30 June 2022, around ...

Advisers lacking PII sidestep AFCA rulings

KARREN VERGARA  |  FRIDAY, 28 JUL 2023
Financial advice firms are "problematically" sidestepping compensation payments after the Australian Financial Complaints Authority (AFCA) hands down a decision, using the excuse that they do not have professional indemnity insurance (PII). Out of 5400 ...

T. Rowe Price hires regional ESG specialist

CHLOE WALKER  |  FRIDAY, 28 JUL 2023
T. Rowe Price has appointed Caroline Ramscar to the newly created role of ESG investment specialist, APAC. Ramscar brings over 20 years of experience in financial services, having spent a decade at Legal & General Investment Management in London, including ...

Perpetual reports $212bn in AUM

ANDREW MCKEAN  |  THURSDAY, 27 JUL 2023
In a Q4 2023 business update, Perpetual reported assets under management (AUM) of $212.1 billion, a 0.8% increase on the prior quarter. Perpetual credited positive markets and strong investment performance for contributing to an uplift of $4.5 billion ...