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Showing 371 - 380 of 4058 results for "PAI"

Zurich appoints chief risk officer

ELIZA BAVIN  |  WEDNESDAY, 4 SEP 2024
Zurich Financial Services Australia has announced the appointment of David Wainwright to the position of chief risk officer for Australia and New Zealand. Wainwright has close to 25 years' experience in financial services and joins from Zurich in the ...

Super fund merger prompts investment changes

ANDREW MCKEAN  |  TUESDAY, 3 SEP 2024
Spirit Super's investment options will be renamed and changed to align with those currently offered by CareSuper ahead of their merger in November. Spirit Super's default balanced investment option will shift to a more defensive stance, adjusting ...

CLSA penalised over data mistakes

MATTHEW WAI  |  FRIDAY, 30 AUG 2024
CLSA Australia paid a penalty of $144,300 in relation of an infringement notice for failing to provide correct regulatory data to the relevant market operator. The infringement noticed, given by Markets Disciplinary Panel (MDP), considered that from ...

Australians robbed of super savings

ANDREW MCKEAN  |  WEDNESDAY, 28 AUG 2024
Australians are being cheated out of $5.1 billion annually in superannuation, according to an analysis from the Super Members Council. SMC modelling showed that nearly three million people were denied $5.1 billion in superannuation entitlements in just ...

Sequoia ends FY24 with 350 advisers

KARREN VERGARA  |  TUESDAY, 27 AUG 2024
Sequoia Financial Group gained a net of 14 financial advisers to end up with about 350 representatives at the end of the 2024 financial year. Sequoia added 70 advisers to the stable but lost 56, most of whom were from "non-economic practices who closed ...

SSGA takes 5% stake in Raiz

KARREN VERGARA  |  MONDAY, 26 AUG 2024
State Street Global Advisors (SSGA) has taken a 5% stake in micro-investment platform Raiz as the latter uses funds to expand its market share and jump on the artificial intelligence bandwagon. SSGA will acquire its 4.8% interest worth $1.97 million ...

Praemium revenue grows to $85m

ELIZA BAVIN  |  MONDAY, 26 AUG 2024
Praemium released its full year results, flagging a 12% increase in revenue to $84.9 million for the year ending June 30. Praemium said underlying expenses rose to $61.3 million, up 20% on FY23, due to increased IT and risk mitigation costs. "The latter ...

Super on parental leave bill hits parliament

JAMIE WILLIAMSON  |  THURSDAY, 22 AUG 2024
The legislation that will ensure superannuation is paid on Commonwealth Paid Parental Leave was tabled today, with the super industry calling for its swift passage. The Paid Parental Leave Amendment (Adding Superannuation for a More Secure Retirement) ...

Insignia Financial books $185m loss, halts dividends

JAMIE WILLIAMSON  |  THURSDAY, 22 AUG 2024
The costs associated with the wealth giant's transformation and increased remediation provisions have resulted in a $185.3 million net loss and the need to pause dividends as it undertakes a strategic review. Releasing its full-year results to the ASX ...

Perpetual names new chief executive

KARREN VERGARA  |  WEDNESDAY, 21 AUG 2024
Perpetual has named its new chief executive and managing director as Rob Adams steps down. Bernard Reilly assumes the top job, having exited Australian Retirement Trust (ART) as chief executive in February 2024. He spent two years at ART where he oversaw ...