Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 741 - 750 of 3999 results for "administration"

Charges laid against former BBY head of operations

CASSANDRA BALDINI  |  TUESDAY, 13 SEP 2022
... Director of Public Prosecutions. ASIC suspended BBY's AFS licence in May 2015 and it was placed into voluntary administration during the same month. The former stockbroking and financial services business was liquidated in June 2015 which caused ...

CSLR legislation tabled, advice sector responds

ANDREW MCKEAN  |  FRIDAY, 9 SEP 2022
... involved has become insolvent," Abood said. "It's also critical that the scheme be funded equitably and the administration costs of a CSLR should be closely monitored to ensure that cost recovery from industry primarily compensates consumers rather ...

ASIC concerns see 18 funds update advertising materials

JAMIE WILLIAMSON  |  THURSDAY, 8 SEP 2022
... Capital Fund and the ASCF Premium Capital Fund, ASCF Select Income Fund and the ASCF High Yield Fund; Balmain Fund Administration and the Balmain Discrete Mortgage Income Trust; CFMG Equity and Income Funds Limited and the CFMG First Mortgage & Income ...

Link Group acquires HS Pensions

ANDREW MCKEAN  |  TUESDAY, 30 AUG 2022
... deliver immediate capabilities for Link Group's Retirement & Superannuation Solutions division in core pension administration and a platform for the firm's unique member-centric engagement technology." The transaction is expected to be completed in the ...

Chant West launches platform rankings

CASSANDRA BALDINI  |  TUESDAY, 30 AUG 2022
... advisers to enable them to focus on providing strategic advice to their clients, rather than spending time on platform administration. This is an important contributor to providing strong member outcomes for platform clients," Fryer said. The adviser ...

Vanguard granted RSE licence

JAMIE WILLIAMSON  |  FRIDAY, 26 AUG 2022
... O'Neal. Michael Lovett was named head of superannuation at Vanguard, and GROW Inc. was awarded the mandate to provide administration services. Earlier this year it was speculated that the product's launch was delayed, a claim disputed by Vang ...

Insignia Financial profits jump 59% to $234.5m

CASSANDRA BALDINI  |  THURSDAY, 25 AUG 2022
... well as the benefits of recent acquisitions." Meanwhile, its combined funds under management (FUM) and funds under administration (FUMA) dropped almost 7%. It reported that FY22 FUM is $92.3 billion down from $97.7 billion and FUA FY22 sits at $205.2 ...

Michael Heine steps back at Netwealth

JAMIE WILLIAMSON  |  WEDNESDAY, 24 AUG 2022
... cashflows of $90.8 million and underlying EBITDA of $88.2 million. As of this month, it has $60 billion in funds under administration, the platform said. The board has declared a dividend of 10 cents, bringing the annual dividend to 20 cents.

HUB24 delivers record profit, growth

ANDREW MCKEAN  |  TUESDAY, 23 AUG 2022
... record platform net inflows of $11.7 billion, up 32% from the previous year. Correspondingly, total funds under administration (FUA) grew by 12% to $65.6 billion. HUB24 said its business footprint continued to evolve with the acquisition of Class Limited ...

Equity Trustees confirms AET acquisition

CASSANDRA BALDINI  |  MONDAY, 22 AUG 2022
... and technology." An overview of the AET business explained that in FY22 it oversaw more than $6.9 billion in FUM, administration, advice and supervision. On a standalone basis, in FY22 AET generated revenue of $38.1 million. "The business offers a comprehensive ...