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Showing 61 - 70 of 10453 results for "CAS"

Iress sells mortgages arm to Bain Capital

ANDREW MCKEAN  |  FRIDAY, 15 MAR 2024
Iress will sell its UK mortgages business to Bain Capital for $164.3 million before costs. The financial software firm said the sale is a big step in its ongoing transformation strategy to sell-off non-core assets. The net proceeds from the sale will ...

Court dismisses ASIC lawsuit against Finder

KARREN VERGARA  |  FRIDAY, 15 MAR 2024
ASIC's action against Finder Wallet has fallen flat as the Federal Court rejected allegations it was spruiking a financial product related to cryptocurrency. Justice Markovic yesterday dismissed ASIC's case against Finder.com's Finder Wallet and its ...

Australian Retirement Trust announces new investment strategy and options

ELIZA BAVIN  |  FRIDAY, 15 MAR 2024
Australian Retirement Trust (ART) has announced a range of changes to its investment strategy and options. ART chief of retirement, Kathy Vincent, said the fund engaged its members, advisers and employers to co-design the new investment menu. "When ...

Australian Retirement Trust completes Alcoa merger

JAMIE WILLIAMSON  |  THURSDAY, 14 MAR 2024
Australian Retirement Trust (ART) finalised the successor fund transfer with the Alcoa of Australia Retirement Plan, one year on from discussions kicking off. In December 2022, Alcoa Super informed members it was on the hunt for potential merger partners ...

AFCA secures $40m in refunds

ELIZA BAVIN  |  THURSDAY, 14 MAR 2024
The Australian Financial Complaints Authority (AFCA) said it helped secure more than $40 million in refunds for hundreds of thousands of consumers between July and December 2023. AFCAs Systemic Issues Insights Report revealed the 139,011 consumers received ...

Low-margin clients hurt practice valuations

KARREN VERGARA  |  THURSDAY, 14 MAR 2024
Lower fee-paying clients are severely affecting financial advice practices' bottom line and ultimately drag business valuations, a new analysis reveals. The latest Advice practice acquisition, sale & valuation guide from Centurion Market Makers highlights ...

AMP upgrades North investment platform

ANDREW MCKEAN  |  THURSDAY, 14 MAR 2024
AMP's North wrap platform has introduced a feature that enables financial advisers to select investments by entering a client's target portfolio weightings. The investment switch functionality is designed to better align with how advisers construct ...

Sexism in the City: UK financial sector slammed

JAMIE WILLIAMSON  |  WEDNESDAY, 13 MAR 2024
The "shocking" prevalence of sexism and misogyny in the UK's financial services sector has led a government committee to recommend a raft of reforms. On International Women's Day, the UK government's Treasury Committee released Sexism in ...

Global dividends reached record high in 2023

ELIZA BAVIN  |  WEDNESDAY, 13 MAR 2024
The latest Global Dividend Index by Janus Henderson Investors revealed global dividends experienced an uptick of 5% on an underlying basis, reaching a record of US$1.66 trillion in 2023. The report revealed the year closed on a particularly positive ...

Centuria raises $50m for new fund

KARREN VERGARA  |  WEDNESDAY, 13 MAR 2024
Centuria Capital Group has launched a new fund to wholesale investors that targets counter-cyclical opportunities across the property sectors and debt. The Centuria Select Opportunities Fund (CSOF) is a closed-ended unlisted fund targeting a 15% internal ...