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Showing 611 - 620 of 3666 results for "Maintain"

DB Results launches policy admin system

CHLOE WALKER  |  MONDAY, 21 AUG 2023
... the insurance sector, and for too long insurers have had to rely on legacy systems that are expensive to operate and maintain, slow and responding to industry change, and made it difficult to ensure robust compliance and data security," Nidd said. Traditionally ...

Dexus reports $752.7m loss

CASSANDRA BALDINI  |  WEDNESDAY, 16 AUG 2023
Reporting its annual results to the ASX, Dexus has taken a $752.7 million hit, primarily driven by unrealised valuation losses on its investment properties. In its FY23 results, Dexus disclosed that adjusted funds from operations stood at $555 million. ...

Franklin Templeton launches alternatives fund in Australia

CASSANDRA BALDINI  |  TUESDAY, 15 AUG 2023
Franklin Templeton has launched its first alternatives fund in Australia, expanding access to the asset class for retail investors. The Franklin K2 Athena Fund primarily invests in uncorrelated risk premia strategies spanning various asset classes ...

First Sentier appoints head of institutional distribution

CASSANDRA BALDINI  |  MONDAY, 14 AUG 2023
First Sentier Investors has appointed Kevin Kandasamy as its head of institutional distribution for Australia and New Zealand with immediate effect. Kandasamy, who is Melbourne-based, will report to First Sentier managing director and head of distribution ...

AMP provisions $50m in response to class action

ANDREW MCKEAN  |  THURSDAY, 10 AUG 2023
Amid the Financial Adviser Class Action fallout, AMP has suspended its capital return, with a resolution expected by year-end. AMP has set aside a $50 million provision, reflecting its preliminary assessment of potential liabilities associated with ...

Former advisers costs CBA $1.2bn in remediation

KARREN VERGARA  |  WEDNESDAY, 9 AUG 2023
Commonwealth Bank's $1.2 billion bad advice remediation bill represented a small fraction of its whopping $10.2 billion profit, the full-year financial results show. The total customer remediation amounted to a huge $2.6 billion in the 2023 financial ...

Wall Street firms slugged $442m for recordkeeping breach

KARREN VERGARA  |  WEDNESDAY, 9 AUG 2023
... discuss deals and other businesses of their employers, which amounted to violating federal securities laws. Failing to maintain and preserve required records, as a result, has deprived the SEC to obtain such communications when it came to conducting ...

Hejaz debuts Australia's first Islamic pension product

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
... there's been a long-standing gap in servicing the Australian Muslim community's financial needs. Individuals often maintain Sharia-compliant investments throughout their life, only to see those funds shift to a non-compliant fund upon retirement. ...

Are indexes the next target for greenwashing investigations?

RACHEL ALEMBAKIS  |  TUESDAY, 8 AUG 2023
ASIC's latest action against Vanguard for allegations of greenwashing in a bond fund raises the question of whether the market regulator will crack down on index providers and other third-party service providers for greenwashing as well. Last month ...

Pinnacle steadies FY23 profit, FUM

KARREN VERGARA  |  FRIDAY, 4 AUG 2023
Pinnacle Investment Management was able to buffer wider economic shocks to maintain its profitability, reporting modest inflows and funds under management growth in the 2023 financial year. The ASX-listed firm, with its 15 affiliates, saw FUM of $91.9 ...