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Showing 581 - 590 of 8106 results for "Total"

Mental illness payouts balloon over $2.2bn: CALI

MATTHEW WAI  |  FRIDAY, 11 JUL 2025
... according to new data from the Council of Australian Life Insurers (CALI). CALI said mental health is now the leading cause of total and permanent disability (TPD) claims, making up almost one in three claims paid. The $2.2 billion paid last year in ...

Praemium scores mandate, sees FUA rise $6bn

ELIZA BAVIN  |  THURSDAY, 10 JUL 2025
... (FUA) grow by $6 billion to around $68 billion post onboarding. It is also expected to see the acceleration of the Scope+ total FUA by 19% and a 23% increase in Scope+ portfolios. Praemium said the partnership reflects growing adviser demand for high-quality ...

Netwealth sees $15.8bn in net flows

ELIZA BAVIN  |  THURSDAY, 10 JUL 2025
Netwealth has reported a $24.8 billion increase in total funds under administration (FUA), including a record $15.8 billion in FUA net flows. Total FUA at 30 June 2025 was at $112.8 billion, and increase of $8.7 billion for the quarter, including $3.8 ...

ETF market breaks through $280bn

MATTHEW WAI  |  THURSDAY, 10 JUL 2025
The Australian ETF market ended the financial year on a record high, reaching $280 billion in total assets under management (AUM), steered by top performing ETFs across the defence and gold mining sectors. There were 36 new exchange trade products (ETPs) ...

Coller Capital closes $10bn private credit strategy

MATTHEW WAI  |  WEDNESDAY, 9 JUL 2025
... private market secondaries manager announced the final closing of Coller Credit Opportunities II (CCO II), bringing in a total US$6.8 billion ($10bn) for the strategy that's focused on direct lending and high performing credit investments. CCO II seeks ...

Licensee compliance head banned over fees for no service

MATTHEW WAI  |  WEDNESDAY, 9 JUL 2025
The former head of compliance at a now defunct advice licensee has been banned for three years over the way he dealt with an adviser's fees for no service misconduct. Former Crown Wealth Group director and head of compliance Andrew Moore has been banned ...

Adviser receives permanent ban over 'dishonest' conduct

MATTHEW WAI  |  TUESDAY, 8 JUL 2025
... financial services business. Between 2007 and 2024, King was an authorised representative of Principal Financial Group, Total Financial Solutions Australia, and Wealth Effect Advisory. Further until August 2024, King was a director of Wealth Effect Advisory ...

Mercer SmartPath returns exceed 12%

KARREN VERGARA  |  TUESDAY, 8 JUL 2025
... May, the Goldman Sachs & JBWere Superannuation Fund merged into the Mercer Super Trust. The former had 1670 members and total assets of $635 million at the end of March.

Adviser exam pass rate drops once again

MATTHEW WAI  |  MONDAY, 7 JUL 2025
... the 29 th Financial Adviser Exam have been handed down, with only 66% of candidates passing. In the June 5 exam cycle, a total of 237 people sat the exam; 75% (179) sat the exam for the first time. Eighty people (34%) have failed the exam, and will receive ...

Vanguard, CFS deliver strong FY25 returns

KARREN VERGARA  |  FRIDAY, 4 JUL 2025
... five-year periods. This achievement underscores our commitment to delivering consistent value to our members." CFS has a total of $168 billion in funds under management. "Despite the rebound, uncertainty remains elevated. This highlights the volatile ...