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Showing 811 - 820 of 6719 results for "Ong"

Inflation erodes retiree savings by 7.5%

KARREN VERGARA  |  TUESDAY, 21 MAR 2023
The rising cost of travel, fuel and many food staples continue to aggravate the quality of living for retirees as inflation leapt 7.5% in the last year. Oils and fats (20.8%), domestic travel and accommodation (19.8%), milk (17.9%), gas (17.4%), fuel ...

Advice platform appoints new chief executive

ANDREW MCKEAN  |  FRIDAY, 17 MAR 2023
An advice and wealth management platform has made a leadership change, with the chief executive stepping down and a successor appointed. Practifi named Adrian Johnstone as its new chief executive to drive business growth. Johnstone succeeds co-founder ...

NEOS named Life Company of the Year

CHLOE WALKER  |  FRIDAY, 17 MAR 2023
NEOS Life has taken home the top prize at the Association of Financial Advisers' Life Company of the Year awards, with TAL and MetLife named runners up. The win for NEOS Life marks the first time in five years that the top gong hasn't gone to TAL. Alongside ...

Australian Ethical adds to leadership team

CASSANDRA BALDINI  |  TUESDAY, 14 MAR 2023
Australian Ethical has welcomed new additions to its leadership team, including chief investment officer Ludovic Theau. Theau's appointment will come into effect on April 3. The former chief investment officer of the $30 billion Clean Energy Finance ...

Dodgy advice bill nears $5bn: ASIC

CASSANDRA BALDINI  |  FRIDAY, 10 MAR 2023
Providing its final update on institutions' financial advice remediation programs, ASIC calculated AMP, ANZ, Commonwealth Bank (CBA), Macquarie, NAB and Westpac have so far paid a combined $4.7 billion. The remediation programs included in ASIC's update ...

Diverse investment teams fare better: WTW

JAMIE WILLIAMSON  |  WEDNESDAY, 8 MAR 2023
Investment teams in the top quartile of gender diversity outperform the bottom quartile by 45bps per annum in terms of net excess returns, a new report from WTW shows. Analysing more than 1500 investment strategies, WTW found equity and credit strategies ...

TIP Group to acquire advice firm

CASSANDRA BALDINI  |  TUESDAY, 7 MAR 2023
Teaminvest Private Group (TIP) has announced its plan to acquire financial advice firm Enva Group for up to $2.5 million. It explained the boutique financial adviser has approximately $400 million of funds under advice (FUA) and will add strategic value ...

Australian Unity kicks off capital raise

CHLOE WALKER  |  TUESDAY, 7 MAR 2023
Australian Unity's Healthcare Property Trust (AUHPT) has reopened for a limited time to seek to raise $350 million for its upcoming acquisitions and developments. The $3.8 billion unlisted healthcare fund, which was was launched in 1999 with a portfolio ...

Stafford Capital adds superannuation lead

ELIZABETH FRY  |  FRIDAY, 3 MAR 2023
Stafford Capital Partners has appointed Stephen Milburn-Pyle, former head of the Australia Post Superannuation Scheme to its credit investment committee. Milburn-Pyle joined Australia Post in 2005 to manage the investment strategy and was promoted to ...

UHNWs wealth in decline: Report

CHLOE WALKER  |  THURSDAY, 2 MAR 2023
Challenging markets saw most ultra-high-net-worth individuals' (UHNWI) wealth decline last year, with their collective wealth globally falling by 10% or $14.9 trillion, according to Knight Frank's 2023 Wealth Report. The report, now in its 17th ...