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| | | ... retention. "This should help stabilise funds under management and improve earnings, mainly from cross-selling L1's product set to Platinum clients," he said. Under the proposed merger, L1 shareholders would own around 74% of the combined entity ... |
| | | | ... Desktop Broker. BFG co-chief executive Dean Davenport said: "Growth in the recurring revenue divisions remains strong and is set to continue as we transform into a more diversified wealth management business with multiple, scalable revenue streams. The ... |
| | | | The ASX recorded $1.12 billion in operating revenue in the 12 months to 30 June 2025, a 7.3% surge from the previous corresponding period. Underlying net profit after tax (NPAT) grew 7.5% to $510 million, while statutory NPAT recorded a lower growth ... |
| | | | The seasonally adjusted unemployment rate fell to 4.2% in July, according to data from the Australian Bureau of Statistics (ABS). "With employment rising by 25,000 people and the number of unemployed decreasing by 10,000 people, the unemployment rate ... |
| | | | ... reviewing the claim," it said. "We note that ASIC has expressly stated in its pleading that it does not allege that [Mercer Super] set out to deliberately mislead ASIC in respect of the matters in the claim." Mercer Super has some 950,000 members, serving ... |
| | | | ... of the Corporations Act for either the Minister or ASIC to fix it," he said. "This outcome should have been avoidable. As set out above, this is a particularly complex matter where the obligations differ based upon the length of the fee arrangement ... |
| | | | Commonwealth Bank of Australia (CBA) said it has provisioned $52 million for remediation purposes as it finalises various class actions, including those related to superannuation and advice. CBA said the group is still defending two superannuation class ... |
| | | | New research by Super Members Council (SMC) found those on the lowest wealth rungs are not benefitting from super as those further up the ladder. SMC said this was due to less paid work due to disability, health or caring responsibilities; higher costs ... |
| | | | ... helped bring Challenger IM LiFTS to market. Challenger IM currently has more than $16 billion assets under management. CIMHA is set to trade on the ASX on September 10. |
| | | | ... about building consensus around reforms, the issues papers do the problem definition," Chalmers said. "They define the issues, set out recent trends and outline the big challenges and opportunities we are confronting. "They are deliberately flat and ... |
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