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Showing 911 - 920 of 12290 results for "General"

GQG builds private markets unit on PAC stakes

KARREN VERGARA  |  MONDAY, 18 MAR 2024
... to simplify," PAC said. PAC shareholders will need to approve the externalisation and acquisition at an extraordinary general meeting (EGM) in April. Perpetual and River Capital, which have 15% and 19.8% holdings in PAC respectively, said that they are ...

Majority comply with IDR reporting: ASIC

KARREN VERGARA  |  MONDAY, 18 MAR 2024
... continue to engage with firms on meeting this requirement," the regulator said. Financial Advice Association Australia (FAAA) general manager policy of advocacy Phil Anderson told a recent Financial Standard podcast that the IDR is "simply a matter of ...

Half of super funds to close in coming decade: Mercer

JAMIE WILLIAMSON  |  FRIDAY, 15 MAR 2024
... superannuation funds to have halved and, over the longer term, the industry will comprise 10 to 15 mega funds focused on the general working population and 10 to 20 smaller niche providers and platforms "providing a unique offering." "The Australian ...

Australian Retirement Trust announces new investment strategy and options

ELIZA BAVIN  |  FRIDAY, 15 MAR 2024
Australian Retirement Trust (ART) has announced a range of changes to its investment strategy and options. ART chief of retirement, Kathy Vincent, said the fund engaged its members, advisers and employers to co-design the new investment menu. "When ...

AFCA secures $40m in refunds

ELIZA BAVIN  |  THURSDAY, 14 MAR 2024
... platform The banking and finance sector saw the largest number of reports at 28, followed by superannuation with 11 reports, general insurance with six reports, investments and advice with three reports and life insurance with one. In superannuation ...

FAAA calls on ATO to provide clarity over advice fees

ELIZA BAVIN  |  THURSDAY, 14 MAR 2024
... bodies are aligned in pushing for further clarification of deductibility of upfront fees under section 8-1 of the ITAA (a general deduction). The FAAA's submission also addresses some issues around apportionment and evidentiary requirements to make it ...

New Forests appoints first global head of funds

ANDREW MCKEAN  |  WEDNESDAY, 13 MAR 2024
... follow Sarah Campbell joining New Forests in October 2023 after the retirement of Margaret Cole. Campbell was most recently general counsel and company secretary of company secretary for Adamantem Capital.

Sexism in the City: UK financial sector slammed

JAMIE WILLIAMSON  |  WEDNESDAY, 13 MAR 2024
The "shocking" prevalence of sexism and misogyny in the UK's financial services sector has led a government committee to recommend a raft of reforms. On International Women's Day, the UK government's Treasury Committee released Sexism in ...

HESTA names head of investment execution

KARREN VERGARA  |  WEDNESDAY, 13 MAR 2024
... and lead investment execution strategies. Jelleff spent the last two years as a director at Citi and prior to that was general manager of asset servicing operations, corporate, institutional and markets operations at NAB. She spent more than 14 years ...

Bitcoin hits fresh high as investors await halving event

ELIZA BAVIN  |  WEDNESDAY, 13 MAR 2024
... Bitcoin ETF issuers that received the much-awaited approvals for their ETFs. Ben Rose, Binance Australia and New Zealand general manager, said he is excited to see the growing interest in crypto among new investors. "We've always had an unwavering belief ...