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Showing 751 - 760 of 10357 results for "Close"

Investment habits of the generations revealed

ELIZA BAVIN  |  TUESDAY, 10 DEC 2024
... lead to poor decision-making." The report also found that active ETFs are increasingly appealing to younger generations. Close to one in two view active ETFs as an attractive investment option, with Gen Y the most likely to find them appealing, followed ...

Adviser exam pass rate improves

MATTHEW WAI  |  MONDAY, 9 DEC 2024
Of the 289 candidates who attempted the latest exam sitting, close to 80% passed. The most recent sitting of the Financial Advisers Exam took place on November 6, with 225 out of 289 candidates passing. It represents a pass rate of 77% and is a significant ...

Platinum, Regal put acquisition talks to bed

JAMIE WILLIAMSON  |  MONDAY, 9 DEC 2024
... own review of Regal. Today, both parties have confirmed those discussions have now ended. It comes after Platinum recorded close to $1 billion in outflows during November; a $537 million institutional mandate was lost, and the Platinum Trust Funds saw ...

MLC trustees to pay $65m in MySuper class action settlement

JAMIE WILLIAMSON  |  FRIDAY, 6 DEC 2024
MLC will pay close to $65 million to settle a class action that alleged it delayed transferring more than 300,000 members to cheaper MySuper options. Maurice Blackburn has today advised it reached a settlement with MLC Super Fund, NULIS Nominees and ...

Super framework, SMSFs conducive to financial abuse: Inquiry

KARREN VERGARA  |  FRIDAY, 6 DEC 2024
... sending a clear message that abuse is not tolerated in any form. We strongly support government and parliament moving to close this legal loophole and protect victims of family violence and financial abuse." The SMSF sector, meanwhile, appears to be ...

Millions of Aussies want episodic advice: Research

MATTHEW WAI  |  FRIDAY, 6 DEC 2024
... need help or guidance on finance-related matters, with 10.2 million open to seeking help from a financial adviser. However, close to half (9.6 million) are not planning to use a financial adviser despite 4.9 million having 'unmet advice needs'. The areas ...

Former abrdn MD takes on chief executive role

ELIZA BAVIN  |  FRIDAY, 6 DEC 2024
Hearts and Minds Investments (HM1) has announced current chief executive Paul Rayson will step down from the role, effective 19 February 2025. Rayson has been chief executive since the company was founded and listed on the ASX in November 2018. Hearts ...

Nuveen raises over $400m for real estate debt strategy

MATTHEW WAI  |  THURSDAY, 5 DEC 2024
Nuveen has closed its first commingled Australian commercial real estate debt strategy with investments of over $400 million from the Teachers Insurance and Annuity Association of America (TIAA) and Temasek. The strategy, leveraging Nuveen Real Estate's ...

HMC Capital makes $950m acquisition

ELIZA BAVIN  |  THURSDAY, 5 DEC 2024
... secured senior asset-level financing of around $550 million and deferred settlement terms, with $750 million due on financial close in July 2025, and the remaining $200 million payable in December 2025. "Our move into the energy transition sector reflects ...

Trustees, advisers have 'insufficient focus' on performance

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2024
ASIC commissioner Alan Kirkland had told financial advisers and superannuation trustees that more needs to be done to ensure better retirement outcomes for Australians. It comes after ASIC released its superannuation choice products and their focus ...