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Showing 31 - 40 of 9371 results for "LIF"

Vale Wayne McGauley

ELIZA BAVIN  |  TUESDAY, 16 APR 2024
The financial services industry has paid tribute to Wayne McGauley who passed away over the weekend. Most recently the head of distribution at Wheelhouse Partners, McGauley had a long and successful career in the financial services industry spanning ...

Netwealth's share price rises following strong inflows

ANDREW MCKEAN  |  FRIDAY, 12 APR 2024
Netwealth's share price increased over 2% as the investment platform announced a $84.7 billion in funds under administration (FUA) as of March 31. The increase marks a $6.7 billion increase for the quarter, driven by $2.7 billion in net inflows and ...

$53bn added to ETF market over 12 months

ELIZA BAVIN  |  THURSDAY, 11 APR 2024
Australian investors added $2.65 billion into ETFs that invest on international equity markets over the three months to 31 March 2024, according to data released by the Australian Securities Exchange (ASX) and Vanguard. The inflows into international ...

Life insurers struggle with code compliance

KARREN VERGARA  |  WEDNESDAY, 10 APR 2024
Life insurers continue to breach their own compliance code with more than 12,000 instances recorded, yet the body overseeing their conduct fears this is likely under-reported. The Life Code Compliance Committee (LCCC) saw another increase in the number ...

Global X adds new AI ETF

ELIZA BAVIN  |  WEDNESDAY, 10 APR 2024
Global X has launched a new AI ETF, the Global X Artificial Intelligence ETF (ASX: GXAI) on the ASX today. GXAI, which tracks the Indxx Artificial Intelligence & Big Data Index, focuses specifically on investing in companies along the AI value chain ...

Morningstar warns of stretched valuations in Australian equities

ANDREW MCKEAN  |  TUESDAY, 9 APR 2024
The Australian equity market is slightly overvalued following a strong rally, according to Morningstar's Q2 2024 outlook. The S&P/ASX 200 benchmark has climbed about 15% from its October 2023 lows to hover around 7800, signalling what Morningstar called ...

IMF flags concerns over 'risky' private credit market

ELIZA BAVIN  |  TUESDAY, 9 APR 2024
The International Monetary Find (IMF) has raised concerns over the growing private credit market, which topped US$2.1 trillion in assets and committed capital globally last year. The private credit market, which specialises in non-bank financial institutions ...

Heartland finally gets regulatory approval for Challenger Bank acquisition

ELIZA BAVIN  |  MONDAY, 8 APR 2024
Heartland Group Holdings has announced it received indicative regulatory approvals from the Australian Prudential Regulation Authority (APRA) and the Reserve Bank of New Zealand (RBNZ) for Heartland Bank's acquisition of Challenger Bank. Heartland said ...

GQG and Magellan see FUM growth

ELIZA BAVIN  |  FRIDAY, 5 APR 2024
Both GQG Partners and Magellan Financial Group reported higher funds under management (FUM) today, but one has seen significantly more growth than the other. Magellan reported total FUM of $37.3 billion as at March 28, up from $37.2 billion on February ...

Treasury mulls transfer balance credit provision reforms

JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2024
The government is consulting on changes to provisions afforded to super fund members with a capped defined benefit income stream to ensure they are not negatively impacted in the event of a merger. Under current legislation, when a super fund merges ...