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| | | Recently announcing it has two mergers on the cards, Australian Retirement Trust (ART) has confirmed it is also in the final stages of taking on the corporate fund of a global IT giant. ART is undertaking a successor fund transfer with Oracle Superannuation ... |
| | | | ... the board. Russell Baskerville, managing director of IT firm Empired, was also appointed non-executive director on the same day. Roy said that she was "pleased with the success of the institutional offer and the strong support shown by both our existing ... |
| | | | In February, the fund manager saw net outflows of $0.8 billion, reverting its funds under management (FUM) to $45.4 billion. The result was due to net retail outflows of $0.5 billion and net institutional outflows of $0.3 billion. By asset class, Magellan ... |
| | | | ... transition is expected to complete by 1 July 2023. The FAA congress is expected to take place in November. "This is a historic day. We are coming together at a critical time, when we have a real opportunity to drive much-needed change to strengthen and ... |
| | | | ... ability to pursue passions and support loved ones are now considered crucial components of wealth in Australia. "Whereas current day Australians have a range of objectives which includes home ownership, it also includes the pursuit of options like how ... |
| | | | Former Orb Global Investments chief executive Akhilesh Kamkolkar has pleaded guilty to charges relating to $1 million of investor money he spent for himself. A further two offences of carrying on a financial services business without a licence will ... |
| | | | ... doing enough, by delivering returns to your members, are trojan horses for directing you to fund areas the government of the day determines are priorities. "Superannuation is Australians' money. It's not a piggy bank to be spent or taxed to fill ... |
| | | | ... that. So, this is an accurate statement, which is a little fuller, I think in fairness than what was given to us the other day." Longo was then asked directly: "Are there cultural problems in ASIC that may be inherited from previous times, or are there ... |
| | | | ... to as much as US$32 billion ($46.7bn). Ensign Peak Advisers, the investment manager of the Church of Jesus Christ of Latter-day Saints, failed to file documents that disclose the church's investments. Instead, it created 13 shell companies that obscured ... |
| | | | After a period of turbulence, Magellan reported statutory net profit after tax of $83.8 million for the second half of 2022 - down 67%. The group reported the drop to the ASX this morning, though did declare an interim dividend of 46.9c per share, 85% ... |
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