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| | | The $3 million superannuation tax passed the lower house yesterday afternoon with a majority vote count of 52:9, however attempts to see the tax indexed were shot down. The Treasury Laws Amendment (Better Targeted Superannuation Concessions and Other ... |
| | | | Todd Guyot, the portfolio manager of Regal Funds Management, has passed away. Regal chief investment officer Phil King paid tribute to Guyot, who died suddenly over the weekend. "Todd was a terrific investor, an even greater person, and a cherished ... |
| | | | The amount of money held in managed accounts surpassed $205 billion in the first half of the year. According to the FUM Census of Managed Accounts, compiled by the Institute of Managed Account Professionals (IMAP) and Milliman, in the six months to ... |
| | | | Pride Advice has acquired two firms, flagging there is more "room for growth to come." The acquisitions of Adelaide-based Flexible Lifestyle Solutions and Serious Money have expanded Pride Advice's team from four to 11 advisers and to 30 supporting ... |
| | | | The Australian Financial Complaints Authority (AFCA) is seeking feedback on how it approaches superannuation death benefits in hopes to reduce disputes and misunderstandings when processing such complaints. This follows on from another consultation ... |
| | | | The potential takeover of Platinum Asset Management is back on the cards as Regal Partners confirmed it signed a confidentiality deed and will shortly commence due diligence. This follows a rejection of Regal's bid late last month, where Platinum's ... |
| | | | The June quarter saw the superannuation industry amassing $2.37 trillion across 986 superannuation products and 22.8 million accounts, according to APRA's latest data. Of which, $1.2 trillion sits across choice products. Of the 812 choice products ... |
| | | | The advising-arm of AMP continues to expand its network after reporting revenue growth in 1H24. Its advice revenue and revenue per practice have increased 16% and 11.6% respectively on the last quarter, AMP said. In addition, AMP said Melbourne-based ... |
| | | | Pengana Capital Group's board informed shareholders that although the company's current share price doesn't reflect its true value, it's paused its share buyback program until uncertainties around the Employee Share Loan Plan are settled. The board ... |
| | | | The Queensland-based fund manager has launched a capital raising to fund development of a recently acquired site at Rochedale, south of Brisbane. The 3.37ha site is situated on Farley Road and will be developed into a 27-lot gated community, with prices ... |
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