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| | | Research commissioned by the Financial Services Council (FSC) reveals that within the next decade, nearly one-fifth of Australian households will become eligible to purchase wholesale products without retail consumer protections. Accordingly, the research ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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 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. ... |
| | | | ... 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. ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
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