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| | | ... in the quarter ending March, taking its assets over $100 billion again. Pendal ended March with $101.7 billion in total funds under management (FUM), 4.4% higher than December's closing FUM of $97.4 billion. The 4.4% uptick in closing FUM includes net ... |
| | | | ... advice provided on KiwiSaver (48%), mortgage products and consumer credit contracts (37%), and general insurance and managed funds, which drew 32% respectively. New Zealand has 10,736 financial advisers in total and 12,287 nominated representatives. ... |
| | | | The platform has recorded increased funds under administration (FUA) of $37.9 billion as it expands its presence in the UK with the opening of an office in Edinburgh, Scotland. For the March quarter, Praemium recorded an 11% increase in FUA, and a 96% ... |
| | | | While the events of 2020 showed superannuation funds manage liquidity well, funds should consider the extent to which they rely on certain asset classes for liquidity, the Reserve Bank of Australia (RBA) has said. In its Financial Stability Report for ... |
| | | | ... more sustainable economy," Impax Founder and chief executive Ian Simm said. Fidante ended 2020 with $71 billion in total funds under management. Its other recent partnerships include Japan's Nomura Asset Management, and agribusiness-focused private equity ... |
| | | | ... research about Australia's superannuation industry becoming the most successful in the world, Melville commented that super funds have shown considerable resilience and will continue to play a significant role in the nation's recovery. Melville ... |
| | | | The two industry superannuation funds have signed a memorandum of understanding to weigh a potential merger. If the merger proceeds, the combined fund will have about 130,000 members and $12 billion in funds under management. In a joint statement, the ... |
| | | | The Financial Services Council (FSC) wants superannuation funds' ESG investments to be included in the proposed Best Financial Interests Duty. The government's BFID wants super trustees to make decisions that are in best "financial" interests of their ... |
| | | | ... Australian and global equities sectors suffering ongoing outflows, Rainmaker said. "The money isn't leaving managed funds however, it is moving to ETPs." One notable move helped boost ETP assets. Magellan converted three global equities products ... |
| | | | ... the profits that he pretended investors could expect. Rather than being invested in a managed fund, ASIC alleges investor funds were used to pay for the lifestyle expenses of Grace and his immediate family. The charges laid against Grace carry maximum ... |
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