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Showing 851 - 860 of 7033 results for "December"

Eildon rebuffs takeover bid

KARREN VERGARA  |  WEDNESDAY, 26 APR 2023
... Management's offer of 93 cents per share represented a 20.5% discount to its net asset value of $1.17, a calculation based on December 2022 figures. The offer price also amounts to a 15.5% discount based on net tangible assets of $1.10 per unit. Eildon ...

Clime outlines growth focus, wins mandate

CHLOE WALKER  |  WEDNESDAY, 26 APR 2023
... experienced last year, as Clime's statutory net profit after tax (NPAT) slid to $236,000 from $445,000 in the six months to December 2022. However, Clime did note that, during the March quarter, its private wealth business secured its first family ...

CVC sells 20% stake in Eildon

KARREN VERGARA  |  MONDAY, 24 APR 2023
... that it can free up capital. CVC sold 9.4 million units at 93 cents per share to gain about $8.7 million in total. As at December 2022, CVC had a 37.2% holding in Eildon. CVC said the divestment releases capital earmarked for future commitments related ...

High Court rejects Mayfair 101 plea

JAMIE WILLIAMSON  |  MONDAY, 24 APR 2023
... just how broken ASIC really is." Separately, the Federal Court of Western Australia has scheduled a trial to commence December 4 in the defamation proceedings brought by Mawhinney against ASIC and deputy chair Sarah Court. He claims ASIC has blamed him ...

Industry fund merger advances

ANDREW MCKEAN  |  FRIDAY, 21 APR 2023
... combined fund that will manage $20 billion. Mine Super and TWUSUPER have progressed in their merger process, which began in December 2022 with the signing of a non-binding Memorandum of Understanding (MoU). The merger between the industry funds is set ...

Adviser complaints rise, super complaints decrease

KARREN VERGARA  |  WEDNESDAY, 19 APR 2023
... shot up, the latest statistics from the Australian Financial Complaints Authority (AFCA) shows. In the six months to December 2022, AFCA received 2538 superannuation complaints, while financial adviser-related complaints totalled 2454. The number of ...

AMP wealth management AUM grows $2bn

ANDREW MCKEAN  |  WEDNESDAY, 19 APR 2023
... performance, gaining $290 million during the quarter. As of 31 March 2023, FUM reached $8.77 billion, a 5% increase since December 2021 and a 41% rise since 30 June 2022.

Industry welcomes experience pathway consultation

CASSANDRA BALDINI  |  WEDNESDAY, 19 APR 2023
... legislation, which states an adviser with 10 years of cumulative experience providing advice between 1 January 2007 and 31 December 2021 would meet one part of the educational requirements. Its chief executive Sarah Abood said the association believes ...

Equity Trustees enlists HUB24 for custodial platform admin

ANDREW MCKEAN  |  TUESDAY, 18 APR 2023
... also ranked first for quarterly and annual net inflows, and the fintech firm boasted a market share of 5.85% as at 31 December 2022, up from 4.9% in the previous corresponding period. Although, its market share is lower than IOOF, Colonial First State ...

Experience pathway consultation opens

KARREN VERGARA  |  TUESDAY, 18 APR 2023
... Standards states that an adviser with 10 years of cumulative experience providing advice between 1 January 2007 and 31 December 2021 would meet one part of the educational requirements. Advisers must also show they have not recorded any disciplinary ...