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Showing 651 - 660 of 4003 results for "August"

Advisers seek safe haven in fixed interest: AMP

KARREN VERGARA  |  FRIDAY, 15 SEP 2023
... analysis by AMP found that term deposits have more than doubled to inch closer to $2 billion from $967 million in the year to August. The demand for defensive assets amidst a rising interest rate environment prompted AMP to partner with NAB following ...

Adviser exam records 73% pass rate

JAMIE WILLIAMSON  |  FRIDAY, 15 SEP 2023
The latest sitting of the financial adviser exam returned a 73% pass rate. The August sitting saw 205 candidates attempt the exam. Of these, 150 passed. About 72% of the candidates were sitting the exam for the first time, ASIC said. The 150 candidates ...

Spirit Super introduces insurance admin fee

JAMIE WILLIAMSON  |  MONDAY, 11 SEP 2023
... a similar move by TWUSUPER in July 2022 where an administration fee was introduced to combat cross-subsidisation. As of August 2022, TWUSUPER members with insurance were charged an extra 3% of their gross premiums to make costs fairer for those without ...

Platinum AM reports almost $1bn in outflows

ANDREW MCKEAN  |  FRIDAY, 8 SEP 2023
Platinum Asset Management has reported net outflows of $912 million in August, the month also saw the resignation of founder and chief executive Andrew Clifford. The outflows were largely driven by a previously disclosed $650 million redemption from ...

Count welcomes chief financial officer

CHLOE WALKER  |  FRIDAY, 8 SEP 2023
... is a talented, strategic, and ambitious finance leader with a track record of delivering growth and transformation." In August, Count reported an increase in its wealth business, with aggregated revenues rising 24%, gross earnings up 19%, and a significant ...

APRA finds signs of step change in remuneration practices

ANDREW MCKEAN  |  THURSDAY, 7 SEP 2023
... moderate. As previously reported by Financial Standard, APRA released a definitive remuneration prudential standard in August 2021. The standard heightened requirements on remuneration and accountability, aiming to create more balanced incentive structures ...

ASIC cracks down on CFDs, OTC derivatives

KARREN VERGARA  |  WEDNESDAY, 6 SEP 2023
... high-risk investment products," she said. eToro is preparing to defend its practices as ASIC alleges it breached its DDOs. In August, Saxo Capital Markets was forced to amend its TMDs after the regulator raised concerns.

LGT seals abrdn wealth business deal

JAMIE WILLIAMSON  |  TUESDAY, 5 SEP 2023
... the second time on the back of outflows and a 12% drop in share price. The fund manager was demoted to the FTSE 250 in August 2022 but had clawed its way back.

Sequoia liquidates Libertas Financial Planning

KARREN VERGARA  |  FRIDAY, 1 SEP 2023
... manage education and licensee partnership programs. Trapnell was previously Synchron's head of adviser support. Also in August, Martin Morris joined as chief operating officer; Justin Harding became head of legal and risk, and Mark Hutchison was ...

Latest CPI data provides case for rate pause

CHLOE WALKER  |  THURSDAY, 31 AUG 2023
... pathway' the RBA hoped for, with inflation heading in the right direction," he said. "As the RBA noted in its minutes from its August meeting, there was a credible path back to the inflation target with the cash rate staying at its present level." ...