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Showing 891 - 900 of 8240 results for "June"

AMP settles class action for $110m

KARREN VERGARA  |  MONDAY, 21 AUG 2023
... regulators as exposed by the Royal Commission but claims no responsibility in settling for $110 million. The class action filed in June 2018, affected AMP shareholders whose share price tanked following revelations of alleged misconduct by the Financial ...

Westpac reports $1.8bn net profit, rise in stressed assets

ANDREW MCKEAN  |  MONDAY, 21 AUG 2023
... in 3Q23, and the group remains well provisioned," Westpac said. Credit impairment provisions stood at $5.1 billion as at June 30, surpassing the base case economic scenario's expected losses by $1.5 billion. Stressed assets showed a margin increase ...

Magellan performance halves across the board

KARREN VERGARA  |  FRIDAY, 18 AUG 2023
... billion as outflows continued across the retail and institutional channels. Total FUM reached as high as $103.7 billion in June 2021. Retail FUM ended the period with $18.4 billion, down 17%. But it was the institutional FUM that suffered a 46% drop ...

GQG hits $104.1bn on back of inflows

ANDREW MCKEAN  |  FRIDAY, 18 AUG 2023
GQG Partners' funds under management (FUM) has surged to $104.1 billion as of June 30, reflecting 20.1% growth year on year. In an ASX announcement, GQG attributed FUM growth to $6.2 billion of net inflows and strides in the global equity markets. The ...

ASIC appeal in CBA, CFS case dismissed

JAMIE WILLIAMSON  |  THURSDAY, 17 AUG 2023
... in September 2022, ASIC's appeal of that decision has also now been dismissed. The case was first brought by ASIC in June 2020 and related to the distribution of Essential Super. CBA staff signed up over 390,000 people to CFS's Essential Super ...

Norway's sovereign wealth fund returns 10%

ANDREW MCKEAN  |  THURSDAY, 17 AUG 2023
... Currency fluctuations boosted the fund's value by $223.99 billion, with an additional inflow of $88.91 billion. As of 30 June 2023, the fund's total value stood at 15,299 billion kroner, with the majority (71.3%) invested in equities.

Former iShares lead joins Stake

CHLOE WALKER  |  THURSDAY, 17 AUG 2023
... by what we can achieve," he said. Howie's appointment follows former MLC head Geoff Lloyd joining the platform as chair in June.

ASX profits hit by CHESS setbacks, acts on review findings

ANDREW MCKEAN  |  THURSDAY, 17 AUG 2023
... response to the CHESS project findings. The execution of its plan will be reviewed by EY in the period from September through to June 2024.

Madison FG, Godfrey Pembroke's PDG combine services

KARREN VERGARA  |  THURSDAY, 17 AUG 2023
... under management and over 130 advisers. Madison had 73 authorised representatives overseeing $3 billion of FUA at the end of June, according to ASIC's Financial Adviser Register. Godfrey Pembroke currently has 59 advisers. The Heads of Agreement ...

Netwealth gears up to relaunch Core, market share expands

ANDREW MCKEAN  |  WEDNESDAY, 16 AUG 2023
... also relaunched Wealth Accelerator with a focus on non-custodial assets. The service had $126 million of FUA onboarded by June 30. As previously reported by Financial Standard, the platform caters to financial advisers dealing with complex investments ...