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| | | ... important initiative, helping millions of savers." Nest has more than 13 million members across about one million employers. Its total assets under management currently sits just over $78 billion. It only began operating in 2012. |
| | | | ... quarter to September and $3.1 billion of positive market movements. Competitor Netwealth is not far behind, reporting a total FUA to $95.4 billion. HUB24 has a total of 4720 advisers using its platform. Retail comprises the lion's share of FUA at 85%. ... |
| | | | TAL has introduced several changes to underwriting limits that reduces medical test requirements for new life, total and permanent disability (TPD), and income protection insurance applications. For life and TPD, customers aged 49 and younger can apply ... |
| | | | ... provide personal advice to retail clients on relevant financial products had to be registered with ASIC from February 1. In total, 1531 licensing and registration applications were received, which is a 2% increase from FY23. It finalised 1246 AFSLs and ... |
| | | | ... showed that new capital raised was $6 billion, down from $7.3 billion in the previous corresponding period. Meanwhile, the total market capitalisation of entities de-listed was $500 million, compared to $400 million a year ago. |
| | | | Australia's investment management market continued its upward climb, reaching $3.4 trillion by the end of June, recording annual growth of 8.8%, according to Rainmaker Information. Consolidated assets, which represent headline funds under management ... |
| | | | ... superannuation balance over time. The regulator said in this case, approximately 90,000 AustralianSuper members were affected, with total cost to members of approximately $69 million. ASIC's lawyer has asked the court to impose the massive $27 million ... |
| | | | Netwealth has reported a record quarterly increase in funds under administration (FUA) of $7.4 billion bringing total FUA to $95.4 billion thanks to new inflows and positive market movements. Total funds under management (FUM) also rose an impressive ... |
| | | | ... private markets infrastructure fund to local qualified investors. The Hamilton Lane Global Private Infrastructure Fund is a total return strategy, targeting capital appreciation and income, and gives qualified investors access to a global portfolio of ... |
| | | | ... two options. The Diversified Fixed Interest option's objective now is to beat 50% of the Bloomberg Global Aggregate Total Return Index hedged to AUD and 50% of the Bloomberg AusBond Composite 0+ Year Index. Before this, the option sought to beat ... |
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