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Showing 751 - 760 of 4498 results for "Reach"

Future Fund trumps market averages

ANDREW MCKEAN  |  FRIDAY, 28 APR 2023
The Future Fund has delivered a positive 1.1% return over the 12 months ending March 2023, surpassing the ASX (0.1%) and S&P500 (-7.7%). Future Fund Board of Guardians chair Peter Costello explained that as central banks, including the Federal Reserve ...

Lincoln International, Miles Advisory enter strategic partnership

CHLOE WALKER  |  THURSDAY, 27 APR 2023
... enhanced experience to their respective clients. The two said the agreement creates incremental industry expertise, geographic reach and investor relationships to clients, and opens additional avenues for bespoke solutions for Miles Advisory Partners ...

Superannuation market defies capital market chaos

ANDREW MCKEAN  |  MONDAY, 24 APR 2023
... towards 12%, member contributions have been declining, with the above-SG contribution rate falling by one-third since 2009 to reach 7% in 2022. A more alarming trend, the rising share of total benefit payments paid as lump sums, which has reversed course ...

Industry fund merger advances

ANDREW MCKEAN  |  FRIDAY, 21 APR 2023
... planning and implementation to ensure a smooth transition to the consolidated fund for all members. The merger is expected to reach completion in early 2024.

Challenger reports strong retail annuity sales

ANDREW MCKEAN  |  THURSDAY, 20 APR 2023
In an ASX announcement, Challenger reported a significant uptick in retail annuity sales in quarter three. Challenger's total Life sales were $2 billion, reflecting strong retail and Japanese sales. However, institutional sales ($1 billion) fell ...

Search funds beat VC, private equity returns

CASSANDRA BALDINI  |  THURSDAY, 20 APR 2023
... $500,000 to $700,000 is initially secured to begin the search for a business. However, it took some time for the notion to reach our shores, with the first local fund only launched in 2019. Currently, it's estimated there is more than 10 search funds ...

Link Group sells Funds Solutions, settles with FCA

CASSANDRA BALDINI  |  THURSDAY, 20 APR 2023
Link Group has sold the troubled Fund Solutions business and reached a settlement with the UK Financial Conduct Authority (FCA) over the Woodford fund issues. Fund Solutions has been sold to Waystone Group, for between $203 to $259 million (£110- £140) ...

GAM, Liontrust in merger talks

JAMIE WILLIAMSON  |  WEDNESDAY, 19 APR 2023
... stakeholders." In a separate statement, Liontrust confirmed it had approached the GAM board and said the intention is to reach a deal whereby it would combine its investment management business with that of GAM's. "There can be no certainty that this ...

AMP wealth management AUM grows $2bn

ANDREW MCKEAN  |  WEDNESDAY, 19 APR 2023
In an ASX announcement, AMP said that its Australian Wealth Management assets under management (AUM) increased by $2 billion to $126.2 billion. However, the company had a net cash outflow of $600 million in Q1 2023, a slight improvement from the $900 ...

AIA launches retail rewards program

KARREN VERGARA  |  TUESDAY, 18 APR 2023
... them to be disadvantaged if at some stage their condition meets the terms of the upgraded definition." The insurer will reach out to advisers who have clients with a progressive condition where a previous claim has been declined, to determine if they ...