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Showing 531 - 540 of 8315 results for "Retail"

ASIC cancels AFSL of XTrade

ELIZA BAVIN  |  THURSDAY, 6 JUN 2024
... Australian Securities and Investments Commission (ASIC) has cancelled the Australian financial services licence (AFSL) of retail over-the-counter (OTC) derivatives issuer XTrade. XTrade offered clients opportunities to trade in contracts for difference ...

Super pool jumps to $3.9tn

KARREN VERGARA  |  WEDNESDAY, 29 MAY 2024
... returning 10.9% p.a. Across the sectors, industry super funds lead the pack by leaping 17% year on year to hit $1.3 trillion. Retail funds grew 11% p.a. to $735 billion, while public sector funds grew 9% to $542.1 billion. Self-managed super funds (SMSFs) ...

Retail funds drive down admin fees: KPMG

KARREN VERGARA  |  TUESDAY, 28 MAY 2024
Expensive retail superannuation funds have finally become competitive with industry funds after bringing down their administration fees, a new analysis by KPMG shows. KPMG found that admin fees for MySuper products have come down from 0.33% to 0.26% ...

T. Rowe Price hires to strengthen adviser relationships

ELIZA BAVIN  |  MONDAY, 27 MAY 2024
... distribution team, saying she has an established record in business development and a sophisticated understanding of Australia's retail investment market. "T. Rowe Price has experienced steady growth in Australia and New Zealand in recent years, driven ...

ASIC places stop orders on Trademax Australia

JAMIE WILLIAMSON  |  FRIDAY, 24 MAY 2024
... interim stop orders to Trademax Australia after it found the broker was relying on a poorly designed questionnaire which retail investors were able to attempt multiple times to determine they were in the target market. The business is prevented from ...

Platform reveals advice firms' top issues

KARREN VERGARA  |  FRIDAY, 24 MAY 2024
... downsizer contribution, the pros and cons of reversionary pension nominations versus binding death benefit nominations for retail account-based pensions, and the need for more innovation in retirement income strategies. "Many high-volume conversations ...

Cromwell gets $457m for European funds platform

JAMIE WILLIAMSON  |  THURSDAY, 23 MAY 2024
... Australia and New Zealand. Under the deal, Stoneweg will acquire all of Cromwell's European business, excluding the Polish Retail Fund which was offloaded elsewhere. Following the transaction, Cromwell's pro-forma gearing and look-through gearing will ...

ASIC issues experienced pathway guidance

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2024
... or 1 October 2022 if they were eligible for the exam extension and if they were authorised to provide personal advice to retail clients on relevant financial products on that date. INFO 281 also provides guidance to AFS Licensees on their requirements ...

Centuria launches new wholesale fund

ELIZA BAVIN  |  WEDNESDAY, 22 MAY 2024
... remixing or potential redevelopment," Centuria co-chief executive Jason Huljich said. "WA remains a standout state for retail property. Greater Perth's population has increased by 3.6% throughout the previous 12 months 9, and when coupled with low forecast ...

NovaPort Capital team calls it a day

JAMIE WILLIAMSON  |  TUESDAY, 21 MAY 2024
... million in funds under management as at March end, the bulk of which was held in the Smaller Companies offering on behalf of retail investors. Institutional mandates only account for about $55 million. Over three years, the NovaPort Microcap Fund outperformed ...