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Showing 751 - 760 of 5401 results for "Third"

Super fund blunder likely down to bad data: Podcast

CASSANDRA BALDINI  |  THURSDAY, 18 MAY 2023
... key exposure that will most likely arise more over time. "Being the successor fund transfers (SFTs), that's where the third source of data probably comes from, where we get the transmission of bad data from an administrator or transfer." Hooper reinforced ...

How this budget was built

ALEX DUNNIN  |  TUESDAY, 9 MAY 2023
To understand how the 2023-24 federal budget was built, you need to understand its 2022-23 foundations because just five taxes accounted for 97% of all taxation revenue and just six programs accounted for 71% of all expenditures, with the biggest two ...

Mercer scoops up third BT business unit

KARREN VERGARA  |  MONDAY, 8 MAY 2023
Mercer announced it will acquire BT Private Portfolio Management for an undisclosed amount after it finalised the transition of the superannuation and asset management units. Mercer will become the new owner of BT Private Portfolio Management (PPM) ...

UK to ban cold calling on all financial products

JAMIE WILLIAMSON  |  FRIDAY, 5 MAY 2023
... introduced. Earlier this year, the Australian Institute of Superannuation Trustees (AIST) called out advice firms that use third parties to solicit business through cold calling. Unsolicited calls to consumers about superannuation advice should be banned ...

Liontrust, GAM to create $100bn fund manager

KARREN VERGARA  |  FRIDAY, 5 MAY 2023
... stability that the financial strength of a combined firm will bring," Jacob said. As part of the deal, GAM agreed to all third-party fund management services clients serviced out of Luxembourg and Switzerland to a specialist asset servicing company active ...

Kilter Rural launches $500m agriculture fund

CHLOE WALKER  |  THURSDAY, 4 MAY 2023
... scale and it ticks that box," he said. "Secondly, we always want to buy land with good value, and it ticks that box. And the third thing is, we want to be in a position to optimise and improve the returns of these farms." With over 18 years of experience ...

Wealth inequality divides Australia: Research

KARREN VERGARA  |  TUESDAY, 2 MAY 2023
Rich Australians who possess $1.9 million on average make up nearly two thirds of total household wealth, a new study finds. A new paper from the Actuaries Institute, Not a level playing field, examined the wealthiest and poorest 20% of the population ...

JPMorgan acquires First Republic Bank

CASSANDRA BALDINI  |  TUESDAY, 2 MAY 2023
... previously ranked the 14th largest US bank, is the second largest bank failure in the nation's history. Its demise marks the third bank collapse this year and the second shotgun wedding, following the joining of Credit Suisse and UBS.

Citi awarded custody mandate by Mason Stevens

ANDREW MCKEAN  |  MONDAY, 1 MAY 2023
... investor solutions, as well as exceptional client support and market-leading expertise." As at December 2022, Cit was the third-largest custodian in Australia by assets, with $693 billion under custody. This was up 2.2% in the second half of the year ...

LongView launches shared equity fund

KARREN VERGARA  |  MONDAY, 1 MAY 2023
... chair Evan Thornley told Financial Standard that shared equity helps solve a "crushing social problem whereby Australia has third of a generation who don't have access to the Bank of Mum and Dad and are in an impossible position trying to get a deposit ...