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| | | ... reinvestment) of approximately $0.3 billion in January. This figure will be reflected in the funds' FUM and performance fee update for next month. Magellan also said that performance fees for the six months ended 31 December 2022 are not meaningful. ... |
| | | | Dexus could see millions shaved off its purchase of Collimate Capital due to an outstanding matter delaying AMP from sale. Dexus announced the condition precedent for the transaction's completion relates to the transfer of AMP's ownership interest ... |
| | | | Industry groups, consultants and research houses have reacted to findings about Australia's best and worst performing super funds. APRA heatmaps for MySuper products were released yesterday, exposing many sub-par products, but some in the industry ... |
| | | | ... sales that maximise value for unitholders. "Further updates will be provided to the market in due course and a portfolio update will be provided at AOF's half year results in February 2023," she said. |
| | | | ASIC has updated guidance on SMSF advice, deciding to remove $500,000 as an indicator of the "appropriateness of advice" to establish a SMSF. ASIC hasn't opted to nominate a minimum threshold but said fund expenses are proportionality higher, and net ... |
| | | | ... their review of past premium increases by March 31 next year. For those that can't meet that deadline, they must provide an update at the end of February as to the steps being taken to complete the review. ASIC will then arrange meetings to discuss individual ... |
| | | | AUSTRAC has released guidance to banks and superannuation funds on helping those without access to traditional identification documents access financial services. The guidance aims to support people from diverse backgrounds and in challenging circumstances ... |
| | | | ... introduced little that was new. The statement suggested that the RBA's forecasts are unchanged since its full forecast update in November." "It directly cited the month CPI indicator figures, which were lower than expected (6.9%), but still cited the ... |
| | | | Equity Trustees, the trustee of Crescent Wealth Superannuation, has said the fund's estimated costs weren't calculated or disclosed correctly, breaching regulatory standards. The finding follows a review by Equity Trustees, of the fund's ... |
| | | | ... perspective on why a strong risk culture is so important to prudential soundness and financial success, while also providing an update on three significant issues regulated entities will need to navigate over the coming year. These include the commencement ... |
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