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Showing 431 - 440 of 7952 results for "Total"

Coller Capital closes $10bn private credit strategy

MATTHEW WAI  |  WEDNESDAY, 9 JUL 2025
... private market secondaries manager announced the final closing of Coller Credit Opportunities II (CCO II), bringing in a total US$6.8 billion ($10bn) for the strategy that's focused on direct lending and high performing credit investments. CCO II seeks ...

Licensee compliance head banned over fees for no service

MATTHEW WAI  |  WEDNESDAY, 9 JUL 2025
The former head of compliance at a now defunct advice licensee has been banned for three years over the way he dealt with an adviser's fees for no service misconduct. Former Crown Wealth Group director and head of compliance Andrew Moore has been banned ...

Adviser receives permanent ban over 'dishonest' conduct

MATTHEW WAI  |  TUESDAY, 8 JUL 2025
... financial services business. Between 2007 and 2024, King was an authorised representative of Principal Financial Group, Total Financial Solutions Australia, and Wealth Effect Advisory. Further until August 2024, King was a director of Wealth Effect Advisory ...

Mercer SmartPath returns exceed 12%

KARREN VERGARA  |  TUESDAY, 8 JUL 2025
... May, the Goldman Sachs & JBWere Superannuation Fund merged into the Mercer Super Trust. The former had 1670 members and total assets of $635 million at the end of March.

Adviser exam pass rate drops once again

MATTHEW WAI  |  MONDAY, 7 JUL 2025
... the 29 th Financial Adviser Exam have been handed down, with only 66% of candidates passing. In the June 5 exam cycle, a total of 237 people sat the exam; 75% (179) sat the exam for the first time. Eighty people (34%) have failed the exam, and will receive ...

Vanguard, CFS deliver strong FY25 returns

KARREN VERGARA  |  FRIDAY, 4 JUL 2025
... five-year periods. This achievement underscores our commitment to delivering consistent value to our members." CFS has a total of $168 billion in funds under management. "Despite the rebound, uncertainty remains elevated. This highlights the volatile ...

ASIC funding levy to charge advisers $46.2m

KARREN VERGARA  |  FRIDAY, 4 JUL 2025
... publish resources that will help licensees improve the security of client data when sending it offshore," ASIC said. The total levy estimates budgeted for advisers for 2025 is slightly lower than the amount ASIC estimated for the prior year of $48.4 ...

AMP actions impacted 'hundreds of thousands' of customers: Shine

ELIZA BAVIN  |  FRIDAY, 4 JUL 2025
... erosion of their retirement savings. Shine Lawyers said the class action is open to individuals who held life insurance, total and permanent disability (TPD) insurance and/or salary continuance insurance through an AMP super fund between June 2019 and ...

CSLR releases revised levy estimate

ELIZA BAVIN  |  FRIDAY, 4 JUL 2025
... is not taken, putting the ongoing existence of the scheme at risk." Abood said the small reduction of $2.8 million in the total estimated CSLR cost for the financial advice sector is because of a delay in the processing of known complaints, not a reduction ...

Fees for no service see former adviser banned

JAMIE WILLIAMSON  |  THURSDAY, 3 JUL 2025
... failed to investigate the conduct and implement systems to prevent it from happening again and did not refund the fees. In total, the fees collected amounted to $81,653 plus interest. ASIC said she failed to fulfill her duties as a director while she ...