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Showing 461 - 470 of 4002 results for "August"

ASIC extends two advice instruments

KARREN VERGARA  |  WEDNESDAY, 25 SEP 2024
... operating efficiently and effectively and continue to form a necessary and useful part of the legislative framework. In August, ASIC sought feedback on the proposed extensions and received six submissions, which were in favour of the extension. "Accordingly ...

Calls for independent oversight on mortgage stress

ELIZA BAVIN  |  MONDAY, 23 SEP 2024
In August, Finder's Consumer Sentiment Tracker recorded the highest level of mortgage stress since it first began tracking in early 2019. More than two in five (42%) homeowners struggled to pay their home loan in August with an estimated 1.4 million ...

Fed cut will not move the dial for RBA

ELIZA BAVIN  |  FRIDAY, 20 SEP 2024
... not in a position to do the same. Yesterday's official unemployment numbers revealed employment rose by 47,500 jobs in August, significantly higher than the 26,000 the market had anticipated. This left employment growth at 2.7% year on year. In the month ...

Hanson backs Dixon Advisory inquiry

KARREN VERGARA  |  WEDNESDAY, 18 SEP 2024
... upon parliamentarians to support the inquiry. It met with Treasury last week and consulted with Minister Stephen Jones in August. The probe will address key concerns about Dixon Advisory's collapse and its impact on the CSLR. It will put under the ...

Investment boutique calls time after seven years

JAMIE WILLIAMSON  |  TUESDAY, 17 SEP 2024
... MacLeod. It was originally affiliated with Bennelong Funds Management before transitioning to an independent structure in August 2020. Since its launch it has run the Wheelhouse Global Fund. In 2021 it introduced the Wheelhouse Australian Enhanced Income ...

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 ...

Elanor shakes up leadership, sells down fund

KARREN VERGARA  |  TUESDAY, 10 SEP 2024
... file its 2024 financial year reports, failing to meet its ASX Listing Rule deadline. Securities have been suspended since August 23. Unaudited results show it had $6 billion in funds under management. Preliminary core earnings in FY24 were $12.9 million ...

Federal Court approves AMP BOLR class action settlement

KARREN VERGARA  |  MONDAY, 9 SEP 2024
The Federal Court has approved the $100 million Buyer of Last Resort (BOLR) class action settlement despite some participants objecting to it, calling for a larger payout and making AMP accountable for its actions. Justice McElwaine approved the settlement ...

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 ...

abrdn closes hedge fund

KARREN VERGARA  |  FRIDAY, 6 SEP 2024
... negative returns since inception and failed to gain investor interest. The abrdn Global Risk Mitigation Fund closed on August 30. abrdn said due to changing demand, "the fund size has become smaller over time and we do not expect it to grow in size in ...