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| | | ... is exiting shortly after the ASX-listed firm announced an overhaul of its business model. Donat said she decided to step down after three years in the top job. Her final day is July 31. Before Clime, Donat led Madison Financial Group as chief executive ... |
| | | | ... currencies market. Meanwhile, Mercer Super has appointed Jim Minto as the chair of Mercer Super, replacing Jan Swinhoe who stepped down after a decade on the board. Marsh McLennan's Pacific chief executive and Mercer's Pacific president, David ... |
| | | | Platinum Asset Management ended the 2024 financial year with $13 billion in funds under management (FUM), down nearly 30% from the prior year. The fund manager saw about $234 million exit in net flows in the month of June. The majority of this - $195 ... |
| | | | The relationship between assets under management (AUM) and revenue growth has broken down as fund buyers - both retail and institutional - increasingly embrace lower-fee index funds. This comes as interest in more expensive active strategies appears ... |
| | | | ... pension phase. "From explaining transfer balance caps to home ownership issues, our advisers play a critical role in breaking down complexity for their clients, helping underline the meaningful difference that advice can make in everyday lives," he s ... |
| | | | ASIC won its first Federal Court action in relation to breaches of design and distribution provisions against non-bank lender and investment manager Firstmac over a cross-selling strategy for investment products. The Federal Court found yesterday that ... |
| | | | ... said. The monthly fall was broad-based across borrowers. Lending to owner-occupiers fell by 2%/month (first-home buyers were down by 2.9%/month) and investors eased by 1.3%/month. Annual rates of growth remain elevated, led by investors (+29.5%), with ... |
| | | | ... months to February 2024, around 8% of employed people, or 1.1 million people, changed their employer or business. "This was down 1.5 percentage points from 9.6% in February 2023 and back to around what we typically saw during the five years leading up ... |
| | | | TelstraSuper's lifecycle MySuper offering turned around 9.6% for all its members under 50 who have not made an investment choice. The result, which is net of all investment fees and taxes, demonstrates the value of its lifecycle structure, chief investment ... |
| | | | ... The inquiry, chaired by Liberal Senator Andrew Bragg, involved five public hearings and received 197 submissions. Handing down its report yesterday, the committee made 11 recommendations in all. In addition to recognising ASIC has "comprehensively failed ... |
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