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Showing 851 - 860 of 6247 results for "December 2007"

Pinnacle's performance fee revenue could plummet

ANDREW MCKEAN  |  MONDAY, 12 DEC 2022
Pinnacle Investment Management Group (Pinnacle) expects its net share of performance fees to be potentially less than $1 million, down from $6.4 million in the corresponding period ending 31 December 2021. In an ASX announcement, Pinnacle said several ...

Latest adviser exams see 57% pass rate

CASSANDRA BALDINI  |  FRIDAY, 9 DEC 2022
Just over half of the candidates who sat the November exam passed, revealed ASIC. ASIC released the 19th cycle Financial Advisers Exam results and said, of the 282 candidates who sat the test, only 161 (57%) were approved. It explained 57% sat the test ...

CBA increases Countplus indemnity to $520m

ANDREW MCKEAN  |  THURSDAY, 8 DEC 2022
Commonwealth Bank of Australia (CBA) has increased the limit of indemnity provided to Countplus, from $300 million to $520 million. CBA said the purpose of the increased limit was to cover certain remediation activities that were identified at the time ...

RBA bumps up cash rate

ANDREW MCKEAN  |  WEDNESDAY, 7 DEC 2022
As forecast, the Reserve Bank of Australia (RBA) has lifted the cash rate by another 25 basis points. KPMG chief economist Brendan Rynne noted that the RBA remains concerned about the immediate economic outlook, despite confirming that its recently ...

AMG Super to take on fledgling super product

JAMIE WILLIAMSON  |  TUESDAY, 6 DEC 2022
The superannuation offering of an ASX-listed fintech will merge with AMG Super later this month following a ruling by its trustee. Raiz Invest Super, the super solution offered by micro investing platform Raiz, will become a division of AMG Super on ...

RBA set to lift the cash rate again

ANDREW MCKEAN  |  TUESDAY, 6 DEC 2022
Most economists have flagged that the cash rate will rise again today, despite inflation having eased. A Finder survey said 88% of experts believe the cash rate will grow to 3.1% in December, which would be an eighth consecutive rate rise. Finder head ...

MLC Life adds to board

CHLOE WALKER  |  FRIDAY, 2 DEC 2022
Catherine Dubé has been appointed as an independent, non-executive director on the board of MLC Life, effective December 16. As part of MLC's planned board renewal, Dubé will also be appointed chair of the board audit committee, replacing Sandra Birkensleigh ...

Rest names new independent chair

JAMIE WILLIAMSON  |  THURSDAY, 1 DEC 2022
Rest chair Ken Marshman will step down at the end of the year, to be replaced by a former Victorian government minister. Marshman has been on the Rest board since December 2017 when he joined as an independent director. In July 2014, he became independent ...

Religious carve outs for faith-based super funds are dead

ANDREW MCKEAN  |  WEDNESDAY, 30 NOV 2022
The carve out from the Your Future, Your Super (YFYS) performance test for faith-based funds has been axed by the government, despite it being an election policy. In December 2021, the government said it would adjust the performance test to account ...

AFA, FPA merger in best interests

CASSANDRA BALDINI, CHLOE WALKER  |  THURSDAY, 24 NOV 2022
In offering an update on the proposed merger with the Association of Financial Advisers (AFA), Financial Planning Association of Australia (FPA) chair David Sharpe said he is hoping to have the full support of members and, despite speculation, a new ...