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Showing 771 - 780 of 5966 results for "Second"

Super fund, insurer admin issues draw AFCA complaints

KARREN VERGARA  |  MONDAY, 23 OCT 2023
... After rectifying its issues, the super fund has remediated 3810 members, who received $1,627,091 in compensation. In the second half of the 2023 financial year, AFCA reported 55 systemic issues. An additional seven cases contravened the law, while 18 ...

Internal teams gain decision-making power: Frontier

JAMIE WILLIAMSON  |  MONDAY, 23 OCT 2023
... internal teams now rank higher, with 48% of managers believing them to be most influential. Chief investment officers now rank second, following by the board and investment committee. The top five is rounded out by asset consultants and the chief executive. ...

ASIC updates breach reporting rules

KARREN VERGARA  |  FRIDAY, 20 OCT 2023
ASIC is making changes to its reportable situations regime, which includes extending the reporting deadline for some breaches. Licensees will now have 90 days to submit a reportable situation instead of 30 days in situations that have "underlying circumstances ...

Interest rates, liquidity top of mind for Future Fund

KARREN VERGARA  |  THURSDAY, 19 OCT 2023
The current high interest rate environment is forcing the Future Fund to rethink its asset allocation, particularly its weightings in property and alternatives, in a bid to curb any potential liquidity issues. Rising interest rates, soaring 10-year ...

Alternatives to top $33tn by 2028

CASSANDRA BALDINI  |  WEDNESDAY, 18 OCT 2023
Globally, alternatives' assets under management (AUM) will reach around $33 trillion (US$24.5tn) by the conclusion of 2028, up from the estimated $22 trillion (US$16.3tn) expected at the end of 2023. According to Preqin's Future of Alternatives ...

Life insurance industry profits double, premiums rise: KPMG

ANDREW MCKEAN  |  TUESDAY, 17 OCT 2023
... surged due to favourable investment markets. Nevertheless, she emphasised that the industry would find solace in marking its second consecutive year of profits, particularly considering economic uncertainty and an evolving regulatory environment. Interestingly ...

GQG adds local sales staffer

ELIZABETH FRY  |  FRIDAY, 13 OCT 2023
... appointed Daniel Pantè as associate director of business development to help look after Victorian clients. Pantè is the second distribution hire for GQG Partners in Melbourne, where he will join the current director of business development, Muneeza ...

Multi-asset funds see $1bn exodus

KARREN VERGARA  |  WEDNESDAY, 11 OCT 2023
... losing $199 million marked by Calastone as its largest on record. Commercial property particularly was hit hard in the second half of 2022, both in Australia and globally as the market adjusted to a higher interest rate environment. "In 2023, values ...

Link Fund Solutions sale completes

CHLOE WALKER  |  TUESDAY, 10 OCT 2023
... Income Fund. In August, Link said it expected to provide for about $390.9 million in settlement and redress costs in the second half of FY23, with a gain of $280.3 million expected when the sale completes in FY24. The completion of the deal will see ...

BBY chief charged with aiding and abetting fraud

KARREN VERGARA  |  TUESDAY, 10 OCT 2023
... 346 of the Crimes Act 1900 (NSW ). The first count relates to obtaining additional funding at the end of June 2013. The second count relates to obtaining additional funding from November 2014 to early 2015. Each offence of section 192E(1)(b) and 346 ...