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Showing 631 - 640 of 3451 results for "Update"

Netwealth reports record inflows

ANDREW MCKEAN  |  FRIDAY, 15 JUL 2022
... Netwealth's annual net inflows increased 32% from the prior year to $13 billion, according to its June 2022 quarterly business update to the ASX. The platform and investments business realised funds under administration (FUA) net inflows of $2.7 billion ...

Australian Ethical, Christian Super confirm merger

JAMIE WILLIAMSON  |  THURSDAY, 14 JUL 2022
... merger. Australian Ethical's membership will also increase by about 30,000, bringing it to more than 90,000. There was no update as to what the merger means for Christian Super's leadership team, but Australian Ethical did state that there will be no ...

Magellan FUM drops again

JAMIE WILLIAMSON  |  FRIDAY, 8 JUL 2022
The fund manager's latest update shows its funds under management have dipped to $61.3 billion. Magellan said the changes reflected market movements and outflows. Over the June quarter Magellan saw outflows of $5.2 billion - $1.7 billion from the ...

ASIC releases guidance on super, retirement calculators

ANDREW MCKEAN  |  TUESDAY, 5 JUL 2022
ASIC has released guidance for superannuation calculators and retirement estimates, while also updating relief around how super funds can provide retirement estimates to members. RG 276 outlines what super funds need to do to rely on the existing relief ...

Melissa Caddick's multimillion dollar mansion to hit the market

CASSANDRA BALDINI  |  FRIDAY, 1 JUL 2022
The liquidators in charge of recovering money on behalf of Melissa Caddick's victims are hoping to sell the house in the coming weeks. Principal of Sydney Sotheby's International Realty Michael Pallier has been picked by Jones Partners to sell ...

AMP completes Resolution Life divestment

ANDREW MCKEAN  |  WEDNESDAY, 29 JUN 2022
... completion of the transaction strengthens AMP's capital position," AMP said. The financial services company will provide an update on its capital position at its half-year results on 11 August 2022. Resolution Life Australasia chief executive Megan ...

Performance test comms criticised

JAMIE WILLIAMSON  |  FRIDAY, 24 JUN 2022
ASIC is warning super trustees to ensure they communicate upcoming performance test outcomes correctly to members, saying some of the funds that failed the test last year also failed to adequately inform members. The regulator has reviewed the performance ...

ASIC releases CCIV guidelines

CASSANDRA BALDINI  |  FRIDAY, 24 JUN 2022
... corporate directors to comply with their licensee obligations and other requirements under the Corporations Act." ASIC will update its key regulatory guidelines and release new legislative instrument to further support corporate directors while continuing ...

Life Code update expands consumer protections

JAMIE WILLIAMSON  |  WEDNESDAY, 22 JUN 2022
The latest iteration of the Life Insurance Code of Practice features more than 50 new consumer protections, including a ban on blanket mental health exclusions and greater limits on surveillance. The updated Code follows consultation with industry ...

APRA sheds light on YFYS Performance Test

CASSANDRA BALDINI  |  THURSDAY, 16 JUN 2022
The prudential regulator has clarified Canberra's Your Future, Your Super performance test by adding new answers to its website. The test applies from July 2021, to My Super products and from July 2022 to trustee-directed products. APRA said it ...