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Showing 681 - 690 of 5399 results for "Third"

ASIC cracks down on CFDs, OTC derivatives

KARREN VERGARA  |  WEDNESDAY, 6 SEP 2023
... ultimately found that most retail clients lose money trading CFDs. "Our recent penalty proceedings against a CFD issuer is our third DDO-related civil penalty proceeding. This follows our previously commenced proceedings against the distributor of an ...

AMG Super terminates MySuper offer

JAMIE WILLIAMSON  |  THURSDAY, 31 AUG 2023
AMG Super is getting out of MySuper as its product fails the Your Future, Your Super performance test for a third time. AMG Super has announced to members that it will close its MySuper product early next year. The notice was issued to members on August ...

Ninety-seven super products fail performance test

JAMIE WILLIAMSON  |  THURSDAY, 31 AUG 2023
... Meantime, of the 64 MySuper products examined, only one product failed the test this year, being AMG Super. This marks the third consecutive year it has failed, leading it to exit MySuper. All trustees must now write to the members within these failed ...

Corporate fund inks deal with Link

ANDREW MCKEAN  |  THURSDAY, 24 AUG 2023
... for completion by 2024, will also bring Link's PathFinder retirement platform to ANZ Staff Super. Pertinently, more than a third of the fund's members are aged 50 and over. It brings to an end the fund's longstanding relationship with Mercer, which has ...

Women less confident to retire: Vanguard

CHLOE WALKER  |  THURSDAY, 24 AUG 2023
... surveyed ranged from "very" to "extremely confident" about making decisions related to managing their finances, while only a third of female respondents (33%) indicated the same. Likewise, only 11% of men surveyed indicated being "slightly" and "not ...

AMP settles class action for $110m

KARREN VERGARA  |  MONDAY, 21 AUG 2023
... impact the current second tranche of capital return to shareholders and we remain committed to updating the market on the third tranche of capital return by 31 December 2023." The parties participated in a mediation on 29 June 2023, facilitated by former ...

Westpac reports $1.8bn net profit, rise in stressed assets

ANDREW MCKEAN  |  MONDAY, 21 AUG 2023
... items, the NIM was 1.96%, marking a decline of two basis points from 1H23. Diving deeper into Westpac's operations, the third quarter saw an uptick in the deposit to loan ratio, reaching 84.1%. This was bolstered by an $8.7 billion growth in customer ...

Iress sells MFA business, reports $140m loss

CASSANDRA BALDINI  |  MONDAY, 21 AUG 2023
... transfer of essential personnel required to operate the MFA business. Iress said it expects completion at the end of the third quarter, following which it will continue to provide transitional services to the MFA business for 24 months, to assist in ...

Norway's sovereign wealth fund returns 10%

ANDREW MCKEAN  |  THURSDAY, 17 AUG 2023
... after a sluggish 2022. Technology stocks returned 38.6% while consumer discretionary returned 20.7%. Industrials were the third-strongest performer at 15%. The worst equities returns came from energy (0.4%), real estate (1%), and healthcare (2.8%). Unlisted ...

Former iShares lead joins Stake

CHLOE WALKER  |  THURSDAY, 17 AUG 2023
... positioned to expand well into the future," Leibowitz added. According to Investment Trends' H1 2023 report, Stake is now the third largest investment platform in Australia with more than $2.5 billion in assets under administration. Howie said Stake ...