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Showing 401 - 410 of 5900 results for "March 31"

TelstraSuper picks Equip for merger partner

JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2024
After announcing earlier this year that it was open to a merger, TelstraSuper will now explore a 'merger of equals' with Equip Super. In May of this year, and after 30 years in operation, TelstraSuper announced it was on the hunt for a merger ...

AMP BOLR litigants face lengthy payout process

KARREN VERGARA  |  TUESDAY, 17 SEP 2024
Despite the Federal Court greenlighting the AMP Buyer of Last Resort (BOLR) lawsuit settlement amount, there is still a long way to go before financial advisers can have peace of mind with the payout process to potentially draw out to mid-2025. This ...

NZ Super Fund shines bright with standout return

ANDREW MCKEAN  |  TUESDAY, 10 SEP 2024
New Zealand's sovereign wealth fund, NZ Super Fund, posted a herculean return of 14.94% this past financial year, trouncing its peers, according to data provider Global SWF. The fund outperformed its Treasury Bills benchmark - a measure based on the ...

Melbourne adviser sentenced to 18 months' prison

ELIZA BAVIN  |  FRIDAY, 6 SEP 2024
Former Melbourne financial adviser Bradley Grimm has been convicted by the County Court of Victoria on three counts of engaging in dishonest conduct while running a financial services business. Grimm was sentenced to 18 months' imprisonment, with ...

Majority pass adviser exam

KARREN VERGARA  |  FRIDAY, 6 SEP 2024
ASIC reported a 62% pass rate for the latest sitting of the Financial Advisers Exam. In the August cycle, 231 candidates sat the exam and 143 passed. Nearly three quarters (73%) sat the exam for the first time. The results were similar to the April ...

Fitzpatricks appoints new chief

KARREN VERGARA  |  WEDNESDAY, 4 SEP 2024
Fitzpatricks Financial Group named a new chief executive to replace Jodie Blackledge. Andrew Fairweather is the new leader of the wealth group, commencing in the role on August 14. Blackledge stepped down after four years in the top job and a total ...

End of the road for three Franklin Templeton funds

KARREN VERGARA  |  TUESDAY, 3 SEP 2024
Franklin Templeton has terminated two funds and is in the process of shuttering another as the strategies failed to scale assets under management (AUM). The funds are Martin Currie Diversified Income Fund, Martin Currie Tactical Allocation Fund, and ...

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 ...

J.P. Morgan lands custody services mandate with industry fund

ANDREW MCKEAN  |  THURSDAY, 29 AUG 2024
J.P. Morgan has been appointed as the new custodian for Vision Super, replacing NAB Asset Servicing. The investment bank said that it's completed the transition of the $13.8 billion industry super fund, which is set to merge with Active Super on 1 March  ...

AOF sells another asset, flags delisting

KARREN VERGARA  |  FRIDAY, 23 AUG 2024
Australian Unity Office Fund (AOF) continues to empty its portfolio, offloading another asset as the REIT faces an uncertain future. AOF is set to offload 64 Northbourne Avenue, Canberra for $21.2 million to an unnamed buyer, 10% cheaper than its June ...