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Showing 411 - 420 of 4546 results for "October"

APRA questioned on super performance test

ELIZA BAVIN  |  FRIDAY, 25 OCT 2024
... performance test is decreasing," he said. "As part of our ongoing efforts to improve transparency in superannuation, in October APRA released a package of performance metrics and insights for 876 MySuper and Choice products, which collectively represent ...

BlackRock lowers fees on two funds

ELIZA BAVIN  |  THURSDAY, 24 OCT 2024
... has lowered the management fee on the Australian Alpha Tilts Fund and the Advantage Australian Equity Fund, effective October 1. For the Australian Alpha Tilts Fund, the management fee charged in the S Class of the Fund was reduced from 0.29% to 0.24% ...

Making a splash: The economic impact of AUKUS

KARREN VERGARA  |  WEDNESDAY, 23 OCT 2024
... democracy," he told a recent UTS panel discussion on AUKUS. Despite the controversies surrounding how AUKUS came to light, on October 10, Labor and the Coalition turbocharged the mega-project by pushing the Australian Naval Nuclear Power Safety Bill ...

ASIC cans timeshare company AFSL

KARREN VERGARA  |  WEDNESDAY, 23 OCT 2024
... financial services licence and credit licence of the firm," ASIC said. As a result, ASIC cancelled the two licences on October 16. In 2022, the Federal Court found that between October 2017 and March 2019, financial advisers acting as authorised representatives ...

Magellan launches first Vinva funds

MATTHEW WAI  |  TUESDAY, 22 OCT 2024
... the beginning of the partnership, Vinva's funds under management have increased by $1.6 billion to $23.1 billion as at October 17. Meanwhile, addressing shareholders at Magellan's annual general meeting this morning, executive chair Andrew Formica said ...

APRA prioritises supervision of trustee spending

JAMIE WILLIAMSON  |  TUESDAY, 22 OCT 2024
... necessary improvements are made by RSE licensees. This may include APRA enforcing rectification measures where warranted." On October 30, APRA will publish RSE's expenditure data from FY23 and anticipates publishing the FY24 data early next year. This ...

ECB drops interest rates to 3.25%

KARREN VERGARA  |  FRIDAY, 18 OCT 2024
... refinancing operations, and marginal lending facility, which will decrease to 3.25%, 3.40%, and 3.65% respectively from October 23. The ECB's Governing Council said its decision to lower the deposit facility rate, which drives monetary policy decisions ...

ASIC makes key appointments to executive team

ELIZA BAVIN  |  THURSDAY, 17 OCT 2024
... eight-month period. Savundra will take on his new role of executive director enforcement and compliance, effective 28 October 2024. He is currently employed by ASIC as general counsel and executive director legal services. Savundra brings significant ...

Clime shakes up board again

KARREN VERGARA  |  WEDNESDAY, 16 OCT 2024
... Riggall have joined the board following the abrupt exits of directors Andrew Coleman, Claire Bibby, and Susan Wynne on October 16. The firm did not elaborate on their departures, only saying that it "extends its best wishes to the outgoing directors". ...

Acclaim Wealth enters managed account space

ANDREW MCKEAN  |  TUESDAY, 15 OCT 2024
... managed discretionary account (MDA) service. Acclaim Wealth chief executive Terry Constable, who succeeded Alan Hegerty in October 2023, told Financial Standard that the firm has a history of creating partnerships with what it views as "best in breed ...