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Showing 851 - 860 of 6208 results for "SIX"

ASIC tells super trustees to improve TMDs

ANDREW MCKEAN  |  MONDAY, 29 AUG 2022
... required distributors to report complaints in periods of three months or less, the remaining had reporting periods of either six or 12 months. Responding to sample review results, ASIC commissioner Danielle Press said: "We expect all trustees to consider ...

Remediation bills revealed amid call for levy freeze extension

JAMIE WILLIAMSON  |  WEDNESDAY, 24 AUG 2022
Six of the largest financial institutions have paid or offered a total of $3.6 billion in compensation to consumers over fees for no service and non-compliant advice. The new stats come as the Financial Planning Association of Australia calls for an ...

Regal Funds Management launches private credit capability

CASSANDRA BALDINI  |  TUESDAY, 23 AUG 2022
Regal Funds Management is entering the private credit market later this year, offering solutions to Australian and New Zealand clients. The capability will be headed up by portfolio managers Jacob Poke and Gavin George. Poke has 15 years of experience ...

Equity Trustees confirms AET acquisition

CASSANDRA BALDINI  |  MONDAY, 22 AUG 2022
... includes $125 million from an equity raising, comprising a $40.4 million institutional placement, an $84.6 million one for six accelerated pro-rata non-renounceable entitlement offer and $40 million from the drawdown of an additional debt facility with ...

Registrations open for FPA initiatives

CHLOE WALKER  |  MONDAY, 22 AUG 2022
The Financial Planning Association of Australia's Future2 Foundation has commenced registrations for its annual Six-Foot Track Challenge and is now accepting applications for its 2022 grants program. The Six-Foot Track Challenge is a 35-kilometre ...

Assets under custody take a hit: ACSA

JAMIE WILLIAMSON  |  MONDAY, 22 AUG 2022
Total assets under custody in Australia dropped by more than 8% in the six months to June end, with some custodians seeing declines of more than 10%. The latest data from the Australian Custodial Services Association shows total assets under custody ...

BlackRock, NAB Private Wealth unveil iShares ETF suite

CASSANDRA BALDINI  |  WEDNESDAY, 17 AUG 2022
... ETF market. "By drawing on the global iShares megatrend product range, ITEK is made up of an evenly weighted portfolio of six complementary iShares thematic ETFs," BlackRock said. The fund seeks to offer investors exposure to global technological innovation ...

Magellan reports NPAT, FUM slide

CASSANDRA BALDINI  |  WEDNESDAY, 17 AUG 2022
... million from $265.2 million in 2021. In a statement, it said the directors declared a dividend of 68.9 cents per share for the six months to June 30 (2H22) bringing it to a total of 170 cents - this is down from 211.2 cents per share paid last year. ...

Lutheran Super merger imminent

JAMIE WILLIAMSON  |  TUESDAY, 16 AUG 2022
After significant delays, Lutheran Super is expected to confirm its merger partner later this month. In January, Lutheran Super said it had identified a preferred merger partner, having reviewed a shortlist of three funds. At the time, the fund anticipated ...

WA financial services director banned for six years

CHLOE WALKER  |  MONDAY, 15 AUG 2022
ASIC has banned Perth-based director Sharree Grace Hutchinson from providing financial services for six years, after she was found to have abused her power as an ASFL holder. Specifically, the regulator found that between December 2020 and January 2021 ...