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Showing 731 - 740 of 4546 results for "October"

Apollo increases Challenger stake

ANDREW MCKEAN  |  WEDNESDAY, 14 DEC 2022
... opening up new channels. Accordingly, the company appointed Mandy Mannix as chief executive for its customer division. In October, Challenger also offloaded its banking business to New Zealand's Heartland Group for $36 million, just two years after acquiring ...

Pinnacle's performance fee revenue could plummet

ANDREW MCKEAN  |  MONDAY, 12 DEC 2022
... performance can vary significantly over short periods of time. "From a longer-term perspective, over the five years to 31 October 2022, 85% of Pinnacle Affiliate strategies which have a track record exceeding five years have outperformed their benchmarks," ...

Perpetual welcomes Pendal board members

CASSANDRA BALDINI  |  MONDAY, 12 DEC 2022
... finalised. The financial services firm explained the directors will be subject to reelection by shareholders at the next AGM in October 2023. "Both Christopher Jones and Ben Heap have agreed to be appointed on that basis. In the case of Kathryn Matthews ...

Trustees must improve IDR processes: ASIC

JAMIE WILLIAMSON  |  FRIDAY, 9 DEC 2022
... a small number of trustees." The findings show of the 49,029 complaints received by 35 trustees in the review period (October 2021 to February 2022), 63% were closed within five business days. Seven of the 38 funds sent more than 10% of responses after ...

CBA increases Countplus indemnity to $520m

ANDREW MCKEAN  |  THURSDAY, 8 DEC 2022
... remediation issues impacting customers of aligned advice businesses, including Count Financial, which was sold to CountPlus in October 2019. In connection with the sale, CBA provided an indemnity to CountPlus to cover remediation of past conduct. Countplus ...

RBA bumps up cash rate

ANDREW MCKEAN  |  WEDNESDAY, 7 DEC 2022
... During late 1994 interest rates rose by 2.75% over the course of five months, rising by a whole percentage point in both October 1994 and December 1994. "The economy didn't go backwards in 1994, markets admittedly did, but the rate cycle is not unprecedented ...

ASIC suspends, cancels AFSLs

CHLOE WALKER  |  WEDNESDAY, 7 DEC 2022
... said. "Investors in Scheme 14 should contact QFML for further information." Under the suspension, which is in place until October next year, QFML is required to have a dispute resolution system in place through membership of AFCA. Meanwhile, ASIC has ...

Magellan FUM back at $50bn

CASSANDRA BALDINI  |  TUESDAY, 6 DEC 2022
Magellan Financial Group saw another drop in funds under management in November. This, after October saw its first increase in months. Magellan has reported that as of November 30 its FUM sat at $50.2 billion down from $51.0 last month. The drop was ...

Talaria hires head of sales

CASSANDRA BALDINI  |  MONDAY, 5 DEC 2022
... said. He added that Talaria's Global Equity Fund has performed with a total return of 11.80% during the last 12 months to October, more than 16% outperformance over the MSCI World ex Aust benchmark. "We have created significant growth across a broad ...

Vanguard cops fine for greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 2 DEC 2022
... funds in relation to their claimed green credentials," Longo said in a speech at the ASIC Annual Forum in November. In October, ASIC took its first action for greenwashing against ASX-listed energy company Tlou Energy. Tlou paid a total of $53,280 to ...