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Showing 641 - 650 of 5742 results for "Small"

Spheria mulls converting emerging companies LIC

ANDREW MCKEAN  |  WEDNESDAY, 17 JAN 2024
Spheria Emerging Companies (SEC) has floated a conditional proposal allowing shareholders to exchange their shares for units in the Spheria Australian Smaller Companies Fund. This follows SEC consistently trading below its net tangible asset (NTA) per ...

Powerwrap bleeds $334m in outflows

KARREN VERGARA  |  WEDNESDAY, 17 JAN 2024
... platform dedicated to the high-net-worth segment, Powerwrap, has lost $334 million in funds under administration (FUA) after a small number of financial advisers switched advice groups. The ASX-listed firm said the exit of advisers in the last quarter ...

Bragg proposes super fund reforms to protect retail investors

ANDREW MCKEAN  |  WEDNESDAY, 10 JAN 2024
... obligations which would bring any dodgy deals to light, and the measures taken by large investors to protect the interests of small investors would be known," Bragg said. He cited the AustralianSuper and Origin case as an example where the proposed changes ...

Investors livid over fresh portfolio valuation: Mayfair 101

JAMIE WILLIAMSON  |  WEDNESDAY, 10 JAN 2024
... million. Mayfair 101 cited ASIC court statements that describe Mission Beach as 'a heap of sand' and 'a heavily depressed, small coastal town', and refer to the planned redevelopment of Dunk Island as a 'pipedream', in questioning how it is that receivers ...

AFCA reports unprecedented complaint spike

ANDREW MCKEAN  |  TUESDAY, 9 JAN 2024
The Australian Financial Complaints Authority (AFCA) received a record 102,790 complaints from consumers and small businesses unable to resolve disputes with financial firms in 2023. This marks the first time Australia's financial dispute resolution ...

AFCA amends consumer compensation caps

KARREN VERGARA  |  TUESDAY, 9 JAN 2024
... the maximum compensation amount a complainant can apply for is $1.263 million, which was previously $1.085 million. For small businesses and primary producers, a credit facility cannot exceed $6.317 million -previously $5.425 million. These limits apply ...

Former director sentenced to over four years imprisonment

ANDREW MCKEAN  |  THURSDAY, 21 DEC 2023
... South Wales. He misled the victims by promising that their funds would be invested in property developments, however, only a small portion was invested accordingly. Meanwhile, from 14 July 2016 to 23 December 2019, Naseeruddin further exploited his position ...

What you read in 2023

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
... largely set in motion by the closure of FairVine Super, the women-focused fund that closed in May 2022 due to its incredibly small size. 9) AMP restructures wealth management, chief exits (May 29) In restructuring its local wealth business, AMP made ...

ASIC, APRA slam premium hikes

KARREN VERGARA  |  FRIDAY, 15 DEC 2023
... insurance for the Plus (Series2) policy by 100% over the next two years. "Given an increase in claims volume and length, the small number of OnePath income protection customers holding cover with lifetime benefit periods were advised of relevant premium ...

Caddick SMSF clients should recoup all funds: Lawyer

KARREN VERGARA  |  FRIDAY, 15 DEC 2023
... who operated Maliver without an AFSL and used another company's licence without authorisation. The client received a small proportion back and will receive more back from the receivers in due course, Chapman said. "But the client had to go back to ...