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Showing 411 - 420 of 3995 results for "administration"

Cbus unleashes raft of fee changes

ELIZA BAVIN  |  TUESDAY, 30 JUL 2024
Cbus has dropped its administration fee from $1.50 per week to $1 per week from September 28, saving members $26 per year. The total administration fees are made up of a weekly and percentage fee, so while the weekly fee has changed the percentage fee ...

More than 11k businesses call in administrators

MATTHEW WAI  |  FRIDAY, 26 JUL 2024
ASIC's annual insolvency data shows more than 11,000 companies entered external administration for the first time last financial year. While the figure is higher than previous peaks in 2011-12 and 2012-13, ASIC clarified that there are more businesses ...

SMSFs thrive amid ATO compliance complications

MATTHEW WAI  |  THURSDAY, 25 JUL 2024
... one reason for windups and mentioned by a growing chorus of advisers and accountants as well," Guiamatsia said. Administration and compliance issues have compiled ahead of client's investment selection, which has recently been more independent from the ...

Sequoia chief reappointed, hunt for successor kicks off

ANDREW MCKEAN  |  WEDNESDAY, 24 JUL 2024
... successful Licensee and Adviser Services business, as well as overseeing the growth opportunity in the Legal and Administration Services Division under Stephen Harvey which is a pivotal part of our new streamlined business model," Sweeney said. Sequoia ...

Perpetual net outflows top nearly $9bn

KARREN VERGARA  |  WEDNESDAY, 24 JUL 2024
... institutional money arrived in the September quarter. Perpetual's Corporate Trust business had funds under administration (FUA) reach over $1.2 trillion as at June 30. The wealth management division's FUA was $19.8 billion, reporting net inflows ...

Investors brace for turbulence as Biden backs out

ELIZA BAVIN  |  TUESDAY, 23 JUL 2024
... term Trump Trade refers to the market behaviours and trends that emerged during Trump's presidency, driven by his administration's looser fiscal policies, deregulation, higher tariffs, and infrastructure spending. "The impact of these policies on the ...

Insignia Financial flags more remediation ahead

JAMIE WILLIAMSON  |  MONDAY, 22 JUL 2024
... self-licensed advisers, and 200 employed advisers. The business reported a drop in its total funds under management and administration of $1 billion in the quarter, coming in at $311.3 billion. This was in part due to net outflows of $228 million on ...

Beaconsfield takes control of New Quantum

ANDREW MCKEAN  |  MONDAY, 22 JUL 2024
... options broker Morrison Securities. The appointment of receivers follows the company being placed into voluntary administration last week. Beaconsfield, the sole secured creditor of New Quantum Holdings with $50 million invested, said the appointment ...

Industry funds defend CFMEU board ties

ANDREW MCKEAN  |  FRIDAY, 19 JUL 2024
... This week the Victorian branch of the Construction, Forestry and Maritime Employees Union (CFMEU) was placed in administration after its construction division was accused of corruption. Now, the board composition of both Cbus and BUSSQ, funds catering ...

DNR Capital introduces new global equity fund manager

ANDREW MCKEAN  |  THURSDAY, 18 JUL 2024
... DNR Capital will provides full operational support, including compliance, marketing, distribution, and investment administration. The fund has returned 9.53% since its inception in December 2023. It has outperformed the MSCI World SMID Total Return Index ...