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Showing 4791 - 4800 of 22787 results for "Funds"

NGS, ACSRF shelve merger plans

KANIKA SOOD  |  WEDNESDAY, 25 AUG 2021
... to due diligence and via a successor fund transfer. The combined board was to have 12 seats, split evenly across the two funds. On August 25, the two funds said they have decided to not merge. "Since the announcement of the planned merger in August 2020 ...

Dealer group awards mandate

ELIZABETH MCARTHUR  |  WEDNESDAY, 25 AUG 2021
... to a boutique fund manager. Easton Wealth licensee GPS has the global equities mandate for its CARE portfolios to Insync Funds Management. Insync also said it recently secured support from one of the country's largest family office firms, though it did ...

Pandemic stokes investor appetite

ELIZABETH MCARTHUR  |  TUESDAY, 24 AUG 2021
... shows that COVID-19 and its implications for people and markets have continued to be a tailwind for investment in managed funds," Calastone head of Australia and New Zealand Ross Fox said. "Investors adopting a more proactive and opportunistic approach ...

Cost of retirement increases

ELIZABETH MCARTHUR  |  TUESDAY, 24 AUG 2021
According to the latest figures from the Association of Superannuation Funds of Australia (ASFA) the cost of retiring increased in the June quarter. The ASFA Retirement Standard June quarter 2021 figures indicate that couples aged around 65 living a ...

Westpac cops $10.5m fine

ANNABELLE DICKSON  |  TUESDAY, 24 AUG 2021
... Court's decision that found two Westpac subsidiaries provided unlicensed personal financial advice. Westpac Securities and BT Funds Management were found to have breached their best interests duty when providing personal financial product advice ...

ASIC settlement hits E&P profits

KANIKA SOOD  |  TUESDAY, 24 AUG 2021
... revenue for the year was $187.9 million (2% lower than FY20) driven by lower contribution from its real asset strategies and funds. Statutory loss of $18.8 million was led by $11.2 non-cash impairment of goodwill in E&P Wealth, its costs of takeover ...

Industry funds to dominate in 2025

KARREN VERGARA  |  TUESDAY, 24 AUG 2021
New research reveals which industry superannuation funds will dominate the sector in 2025 and squeeze out many retail funds. Rainmaker's latest Benchmarking Report shows AustralianSuper, QSuper/Sunsuper, Aware Super, UniSuper and Hostplus will become ...

HUB24 profits, inflows rise

ANNABELLE DICKSON  |  TUESDAY, 24 AUG 2021
... million gain on the sale of Paragem. HUB24 saw record platform net inflows of $8.9 billion which was up 82% on FY20. Total funds under administration (FUA) grew 237% to $58.6 billion. The Xplore Wealth integration contributed $17.2 billion to this figure ...

Walsh Capital signs four fund managers

KANIKA SOOD  |  MONDAY, 23 AUG 2021
... Louise Walsh, who started her own fund marketing business last month, has signed four new clients. Walsh Capital will raise funds and manage investor engagement for five new funds: Contact Asset Management's Australian Equities Ex-50 Fund, Sandon ...

Super fund reduces fees

JAMIE WILLIAMSON  |  MONDAY, 23 AUG 2021
... ACSRF is currently working towards a merger with NGS, with a view to signing a Heads of Agreement shortly. If confirmed, the funds will look to merge early next year.