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Showing 861 - 870 of 4736 results for "distribution"

Magellan reports $2.6bn net outflows

ANDREW MCKEAN  |  MONDAY, 9 JAN 2023
Magellan has reported net outflows of $2.6 billion in December, including retail outflows of $0.6 billion and institutional outflows of $2 billion. In addition to the net outflows, Magellan also experienced a $4.9 billion decrease in funds under management ...

SS&C launches super offering, secures Mine Super mandate

ANDREW MCKEAN  |  WEDNESDAY, 21 DEC 2022
... experience in super administration will be central to this expansion, SS&C added. SS&C head of global investor and distribution solutions Nick Wright said the agreement represents an alignment of strategies, allowing Mine Super to continue focusing on ...

ASIC takes civil action against Firstmac

CASSANDRA BALDINI  |  FRIDAY, 16 DEC 2022
... has commenced the first ever court case against a financial product distributor for alleged breaches of design and distribution obligations (DDO). The regulator commenced the civil penalty action in the Federal Court against Firstmac Limited following ...

Target market determinations have improved: ASIC

ANDREW MCKEAN  |  WEDNESDAY, 14 DEC 2022
... added that this review is part of a series of initiatives ASIC is undertaking to address compliance with design and distribution obligations (DDO). "ASIC is working on targeted, risk-based surveillance and enforcement action, including issuing stop orders ...

Australian Unity sells Macquarie Park asset for $68.8m

CHLOE WALKER  |  TUESDAY, 13 DEC 2022
... position would also provide an opportunity to consider the potential to return capital to unitholders through a special distribution. Panagopoulos added that AOF will continue to assess its portfolio and remains open to consider further asset sales that ...

Cboe Australia, XTB launch retail corporate bonds

CASSANDRA BALDINI  |  TUESDAY, 13 DEC 2022
... Australia said yesterday the XTB yields were; Aurizon 6.24%, Qantas 6.08%, Coles 4.89% and BOQ 4.49%. XTB head of distribution Michael Rockliff said with yields at the higher end of its range, the new XTBs offer a choice of mid-term or longer-term investment ...

PM Capital appoints distribution director

ELIZABETH FRY  |  FRIDAY, 9 DEC 2022
The former general manager of retail distribution at Challenger has taken on a new role at PM Capital. PM Capital has confirmed the appointment of Luke Cheetham as director of distribution. He will be responsible for the distribution of the firm's ...

Trustees must improve IDR processes: ASIC

JAMIE WILLIAMSON  |  FRIDAY, 9 DEC 2022
... consistently meeting the maximum response timeframe under RG 271 - 45 calendar days unless an objection to a death benefit distribution - is challenging some trustees, highlighting "substantial concerns with the time taken by a small number of trustees." ...

BT head joins Colonial First State

ANDREW MCKEAN  |  THURSDAY, 8 DEC 2022
... expanded its leadership team, hiring Chris Mather as its new executive director of new business. CFS group executive of distribution Bryce Quirk said: "Chris is an accomplished financial services executive and senior leader with over 20 years' experience ...

Ausbil chief executive to retire

JAMIE WILLIAMSON  |  THURSDAY, 8 DEC 2022
... his decision. "I wish the firm and my colleagues all the very best for the future." Current director and head of distribution Mark Knight will take over in April 2023. He has been with Ausbil since 2004 in a range of senior roles. To replace Knight ...