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Showing 601 - 610 of 5965 results for "Second"

Vanguard Super's default option delivers 13.2% return

ANDREW MCKEAN  |  MONDAY, 15 JUL 2024
... balance at retirement," Burns said. Further, Vanguard Super said it is on track to hit the $1.5 billion milestone by its second anniversary.

Platinum ends FY24 with $13bn FUM

KARREN VERGARA  |  FRIDAY, 12 JUL 2024
... investment gains it calculates to be between $9 million and $11 million. Platinum did not earn any performance fees in the second half of FY24. This time last year, Platinum had $18.1 billion in FUM and made $81 million in after-tax profit. The recent ...

Australia climbs global wealth ranks

ELIZA BAVIN  |  THURSDAY, 11 JUL 2024
Australia has moved up the ranks in the UBS Global Wealth Report, rising from third place to second in terms of median wealth per adult, sitting just below Luxembourg. In 2023 wealth growth across the world recovered from its 3% contraction the previous ...

Government lifts funding to preserve banking in the Pacific

ANDREW MCKEAN  |  WEDNESDAY, 10 JUL 2024
The government will inject an additional $6.3 million to curb the rapid withdrawal of banking services in the Pacific. The funding includes $2.9 million to the World Bank for developing digital identity infrastructure across Pacific Island countries ...

Adviser permanently banned for faking qualifications

JAMIE WILLIAMSON  |  TUESDAY, 9 JUL 2024
... again between March 2022 and March 2023, however the ASIC Financial Adviser Register (ASIC FAR) was updated to remove the second appointment after the firm became aware of Vee's misconduct. He was previously licensed through Maven Capital for two ...

The investment managers winning the biggest mandates

ANDREW MCKEAN  |  TUESDAY, 9 JUL 2024
... fund with the most mandates is HOSTPLUS, with 314 total mandates, with an average size of $343 million. State Super ranks second with 146 mandates, averaging $258 million each, and HESTA was third with 144 mandates, averaging $582 million. Though, HESTA ...

IFS launches two courses with Kaplan

KARREN VERGARA  |  FRIDAY, 5 JUL 2024
... Industry Induction, is a foundational module that introduces newly hired employees to the superannuation industry. The second, General Advice Specialisation - Superannuation, meets Regulatory Guide 146 general advice requirements and teaches students ...

Ausbil reshuffles distribution team

ELIZABETH FRY  |  FRIDAY, 5 JUL 2024
... interim, distribution manager Fawaz Rashid will continue to service research houses and other researchers. Chadirchi is the second Ausbil executive to call it quits in the last few weeks. Last month, industry veteran John Grace announced that he will ...

Colonial First State reports strong super returns

ANDREW MCKEAN  |  THURSDAY, 4 JUL 2024
... 1985-89 funds had even stronger returns of 14.7%. CFS Superannuation chief executive Kelly Power said that this is the second consecutive year of double-digit returns for its MySuper balanced and growth funds. "CFS continues to gain momentum as a leader ...

Brighter Super launches Retire Easy Pension

JAMIE WILLIAMSON  |  WEDNESDAY, 3 JUL 2024
... two years' worth of regular, monthly income payments. Fifty percent of the remaining balance is then placed in the second bucket and invested in the Balanced option, while the other 50% is put in the third bucket and invested in the Growth option. ...