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Showing 501 - 510 of 2612 results for "RECOGNISE"

Regal reports FUM loss

CHLOE WALKER  |  FRIDAY, 27 JAN 2023
... profile of the strategy. The initial drawdown is expected to occur in 1Q 2023. As for performance fees, Regal said it will recognise about $14 million in pre-tax revenue for the six months to December 31, 2022. It previously announced earnings of $22.7 ...

Financial services leaders recognised: 2023 Australia Day Honours

ANDREW MCKEAN  |  FRIDAY, 27 JAN 2023
Financial services leaders have been recognised in the 2023 Australia Day Honours list for their contributions to the community and industry. The 2023 Australia Day Honours List has recognised 1047 recipients from various fields, including financial ...

Court ruling reiterates need to comply with AFCA

CASSANDRA BALDINI  |  WEDNESDAY, 25 JAN 2023
A court ruling has reaffirmed that financial institutions must cooperate with the Australian Financial Complaints Authority (AFCA) or face penalties. The ruling came in a case ASIC brought against home finance companies, General Commercial and Eden ...

AMP warns $68m impairment expected

CASSANDRA BALDINI  |  WEDNESDAY, 25 JAN 2023
... to build a robust balance sheet. Our strategic priorities to simplify and reposition the business will require us to recognise some impairments," AMP chief executive Alexis George explained. "These items do not impact underlying NPAT or have a material ...

Sequoia FG revises profit expectations

JAMIE WILLIAMSON  |  MONDAY, 23 JAN 2023
Sequoia Financial Group has updated its profit guidance for the first half, saying several "abnormal items" will negatively impact its bottom line. In November, the group said it was expecting EBITDA in the first half of between $4 million to $5 million. ...

SWFs shrink for first time ever: Report

CASSANDRA BALDINI  |  MONDAY, 16 JAN 2023
It's no surprise that 2022 was one of the most difficult years for State-Owned Investors (SOIs) in recent history, shrinking in value for the first time ever. Total value of the sector dropped by a total of US$1 trillion, according to Global SWF. Similarly ...

Cbus stalwarts retire, union leader returns

ANDREW MCKEAN  |  WEDNESDAY, 21 DEC 2022
Cbus Super board directors Anne Donnellan and Frank O'Grady are set to step down, while a retiring union national secretary will return to the fund. Donnellan will be replaced by AMWU national legal coordinator Abha Devasia, while retiring CFMEU ...

AustralianSuper, Link extend partnership

CASSANDRA BALDINI  |  MONDAY, 19 DEC 2022
AustralianSuper and Link Group have extended their long-running partnership. Under the agreement, Link Group's Retirement and Superannuation Solutions will provide superannuation administration and customer engagement services to the super fund ...

CBA increases Countplus indemnity to $520m

ANDREW MCKEAN  |  THURSDAY, 8 DEC 2022
Commonwealth Bank of Australia (CBA) has increased the limit of indemnity provided to Countplus, from $300 million to $520 million. CBA said the purpose of the increased limit was to cover certain remediation activities that were identified at the time ...

Super system shields against macro storm: Fundie

CASSANDRA BALDINI  |  WEDNESDAY, 7 DEC 2022
... or a strong superannuation system?" "I'd say all those things contribute to it. But I think it's important to recognise a lot of countries don't have that superannuation system and that is something that is an important characteristic of ...