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Showing 621 - 630 of 8407 results for "June"

ASIC updates on SMSF advice review

ELIZA BAVIN  |  THURSDAY, 13 FEB 2025
... them and may adversely affect their retirement outcomes," ASIC said. The last review in thematic SMSF advice was released in June 2018, and ASIC said this project follows on from what it gathered from that report. ASIC said there are two main streams ...

SMSFs outperform APRA funds over five years: Research

MATTHEW WAI  |  WEDNESDAY, 12 FEB 2025
... self-managed superannuation funds (SMSFs) outperformed APRA-regulated funds by 1.2 percentage points per annum in the five years to June 2023. According to research from the University of Adelaide's International Centre for Financial Services (ICFS) ...

Saxo Australia to rebrand after global takeover

MATTHEW WAI  |  TUESDAY, 11 FEB 2025
... Europe and the UK use DMA to access global markets under a single platform. The sale also comes after Saxo Bank announced in June 2024 it would review strategic opportunities in Asia Pacific, seeking to accelerate its growth across Australia, Japan and ...

Generation Development Group buys Evidentia

MATTHEW WAI  |  MONDAY, 10 FEB 2025
... next evolution of growth," he said. Alongside the Lonsec takeover - which saw GDG acquiring the remaining stake in Lonsec in June 2024 - the two acquisitions have a combined total FUM of over $25 billion. GDG believes that by merging their collective ...

Keybridge Capital enters voluntary administration

ELIZA BAVIN  |  MONDAY, 10 FEB 2025
... future capital raising capability. The court battle between Keybridge and WAM has been ongoing for close to five years. In June 2020, Keybridge launched legal proceedings against WAM alleging it had improperly transferred 16 million Keybridge shares ...

AMP launching 'market first' digital advice solution for super members

ANDREW MCKEAN  |  FRIDAY, 7 FEB 2025
... help them unlock a better quality of life," Howes said. AMP's latest solution follows a joint call from APRA and ASIC in June last year for superannuation trustees to step up efforts in tracking and measuring the effectiveness of their strategies ...

Cbus recruits lead for new core equities portfolio

ELIZABETH FRY  |  THURSDAY, 6 FEB 2025
... Cbus is forecasting to grow its internal investment portfolio to about 50% of the portfolio within three years. As of 30 June 2024, 34% of Cbus' investment portfolio was managed internally. The industry fund for building and construction workers ...

Australian Wealth Advisors Group invests big in Sequoia

KARREN VERGARA  |  TUESDAY, 4 FEB 2025
... the time had substantial ownerships in Sequoia. Last July, Crole accepted a fixed-term contract that extended his tenure to June 2026. Jones has now left the firm as part of an executive and structural shake-up, while Unrandom ceased to be a substantial ...

Barrenjoey acquires, expands in Hong Kong

KARREN VERGARA  |  TUESDAY, 4 FEB 2025
... It launched in 2021, led by chief executive Brain Benari with the backing of Magellan Financial Group and Barclays. Last June, the firm expanded in Abu Dhabi to offer fixed income sales and trading services. Philip Lowe joined Barrenjoey's board last ...

Former adviser pleads guilty to $1m theft

MATTHEW WAI  |  MONDAY, 3 FEB 2025
... misappropriating $1.03 million of client funds. Anthony Torre was charged with five counts of stealing and eight counts of fraud in June 2022 following an ASIC investigation; Torre entered a plea of not guilty for all charges on 13 July 2023, with the ...