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Showing 801 - 810 of 10357 results for "Close"

Non-bank lender sued for dodging Credit Code

JAMIE WILLIAMSON  |  THURSDAY, 31 OCT 2024
... Capital Mortgage Fund and Oak Capital Wholesale Fund. Filing a case with the Federal Court, ASIC alleges Oak Capital made close to 50 loans over a four-year period to companies that it had no reason to believe were the genuine borrower of the money. ...

Barings brings first Australian private credit fund to life

JAMIE WILLIAMSON  |  THURSDAY, 31 OCT 2024
... diversified portfolio, we are well-positioned to capitalize on the compelling opportunity." Barings has also completed the first close of the Barings Developed Asia Pacific Private Loan Fund 1A, which exceeded $460 million. It was anchored by an unnamed ...

Cole puts funds on notice as expenditure data is revealed

ELIZA BAVIN  |  WEDNESDAY, 30 OCT 2024
APRA has published the in-depth data on super funds' expenditure from marketing costs and payments to industrial bodies to spending on member services, as the regulator puts a spotlight on how member money is being spent. AustralianSuper had the ...

KKR nabs JP Morgan sales manager

ELIZABETH FRY  |  TUESDAY, 29 OCT 2024
JP Morgan Asset Management distribution manager Jacqui Crothers has taken up a new role at KKR's wealth business. Crothers has been appointed director of global wealth solutions at the private equity giant. Reporting to the local head of KKR client ...

CFS unveils fund manager, fee changes to FirstChoice

KARREN VERGARA  |  TUESDAY, 29 OCT 2024
Colonial First State (CFS) is introducing a bunch of fund manager, asset allocation, and fee changes to two of its FirstChoice products from November 16. For FirstChoice Employer Super, Platypus Australian Equities will take over as investment manager ...

$3.5tn wealth transfer scares Aussie advisers: Natixis

MATTHEW WAI  |  MONDAY, 28 OCT 2024
... that the majority (87%) of Australian advisers are prioritising a specific demographic for a better focus on retention. Close to 60% are focusing on acquiring clients aged 50-65. About 79% believe having financial planning conversations with their clients' ...

AMP hires growth lead for super, investments

JAMIE WILLIAMSON  |  FRIDAY, 25 OCT 2024
... worked as a product manager at one point, senior technical manager, and a product development manager. At Advance, she spent close to four years as national manager. Her appointment follows that of Cloe Reece as general manager, risk, compliance, and ...

abrdn bleeds $6bn, share price plummets

JAMIE WILLIAMSON  |  FRIDAY, 25 OCT 2024
... Insurance Partners business also saw net outflows of $2.15 billion (£1.1bn). Listed on the London Stock Exchange, at the close on Wednesday abrdn's share price was $320 (£164.05) - at the open on Thursday it had sunk to $295 (£150.92). By Thursday's ...

Delaying DBFO imposes 'generational' consequences

MATTHEW WAI  |  THURSDAY, 24 OCT 2024
The Council of Australian Life Insurers (CALI) is urging the federal government to take action on processing the second tranche of its Delivering Better Financial Outcomes (DBFO) package, saying any further delay could result in "generational impacts." ...

Down but not out: Busting defined benefit myths

ANDREW MCKEAN  |  WEDNESDAY, 23 OCT 2024
Many see defined benefit (DB) funds as dead - dinosaurs of the retirement world. Nevertheless, they're important to the retirement ecosystem, according to Challenger institutional client solutions director Meher Edibam. While most DB schemes are closed ...