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Showing 391 - 400 of 3417 results for "Update"

GQG Partners records US$127bn FUM

ANDREW MCKEAN  |  THURSDAY, 8 FEB 2024
... in the same period last year. GQG also saw net inflows totalling US$1.9 billion year-to-date. Following its latest ASX update, GQG shares surged 6.4% to $2.09. GQG experienced month-to-month FUM growth across all of its core equity strategies. The international ...

Unlisted asset valuation practices under review

JAMIE WILLIAMSON  |  THURSDAY, 1 FEB 2024
... next six months as part of APRA's cybersecurity stocktake involving more than 300 banks, insurers, and super funds. The update on priorities comes as Australia's total retirement savings pot marches steadily towards $4 trillion. Statistics released by ...

Treasury promises flexibility to adviser qualifications

KARREN VERGARA  |  WEDNESDAY, 31 JAN 2024
... qualifications under new amendments proposed by Treasury. Yesterday, assistant treasurer Stephen Jones launched a consultation to update how advisers can demonstrate they satisfy the conditions of an approved degree or qualification. Under draft legislation ...

Perpetual weathers $4.3bn in outflows

ANDREW MCKEAN  |  MONDAY, 29 JAN 2024
... management (AUM) rose 1% to $213.9 billion, buoyed by positive market movements, as detailed in a second quarter FY24 business update. Perpetual chief executive Rob Adams said it had been a "difficult period for active asset managers," denoting "the ...

Netwealth records $78bn FUA, flags departure

JAMIE WILLIAMSON  |  MONDAY, 29 JAN 2024
... record increase in funds under administration (FUA), as it prepares to farewell its chief financial officer. In a quarterly update, Netwealth said a $6 billion increase in FUA in the December quarter has pushed its total FUA to $78 billion. This included ...

ASIC makes adviser exam changes

JAMIE WILLIAMSON  |  THURSDAY, 25 JAN 2024
ASIC confirmed it is amending the financial adviser exam in accordance with the government's changes. Amendments to the exam were registered last week, following a consultation that wrapped up on January 10. ASIC has now also updated the relevant guidance. ...

Insignia Financial touts strong start to FY24, simplification

JAMIE WILLIAMSON  |  THURSDAY, 25 JAN 2024
... client officer to run the newly created client wellbeing arm as it progresses its simplification strategy. In a quarterly update, Insignia said its funds under management and administration grew by $7.5 billion to hit $300.6 billion at the end of 2023. ...

Future Fund soars to $272.3bn

KARREN VERGARA  |  TUESDAY, 23 JAN 2024
... fund hit $272.3 billion in assets under management, buoyed by an 8% return for the 2023 calendar year. In a performance update, Future Fund chief executive Raphael Arndt said the fund remains resilient amidst the risks of sticky inflation and geopolitical ...

Qantas Super reduces premiums again

KARREN VERGARA  |  TUESDAY, 23 JAN 2024
... benefit plans in the 2023-24 financial year. The $8.4 billion super fund is actively scouting for a merger partner. In an update last December, the fund said a new merger committee was set up to guide the management team throughout the process. Led by ...

ME Bank fined $820k for misleading borrowers

CHLOE WALKER  |  MONDAY, 22 JAN 2024
... ASIC executive director for enforcement and compliance Tim Mullaly said that banks are expected to properly notify and update customers who are entitled under the law to receive accurate information about changes to their loans. "Where banks fail to ...