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| | | Magellan Financial Group is hopeful new managing director Sophia Rahmani will help steady the ship, as it sharpens its focus on the US and reports a 24% increase in statutory net profit after tax despite plummeting funds under management (FUM). Currently ... |
| | | | Investment returns for APRA-regulated superannuation funds lagged self-managed super funds (SMSFs) by 4.1% in the 2021-22 financial year, according to the University of Adelaide. During this period, while the S&P/ASX 200 index declined by more than ... |
| | | | ... products that may fall within the remit of existing financial services laws, albeit questions remain more broadly as to the general applicability of existing concepts in the regulatory regime," the law firm said. "It also serves as a reminder that the ... |
| | | | ... circumstances, the investment manager no longer believes the fund will be able to meet its investment objective," EQT executive general manager, corporate trustee services Australia Russell Beasley said. The fund, launched in December 2012, aimed to ... |
| | | | ... provider will have committed an offence of strict liability and contravened a civil penalty provision. Phil Anderson, the general manager policy of advocacy and standards at the Financial Advice Association Australia (FAAA), told a recent Financial Standard ... |
| | | | Fund selectors, wary of an AI bubble, still believe in its longevity, with some viewing it as an opportunity bigger than the internet, according to a Natixis Investment Managers (Natixis IM) survey. Natixis IM conducted a survey of 500 investment professionals ... |
| | | | Tributes are flowing for much loved business development executive Jason Milosevski, who sadly passed away over the weekend, aged 43. Milosevski was a fixture of the financial advice landscape for more than 20 years, building a vast network through ... |
| | | | ... Benjamin Small, and Simon Tan. Shareholders rejected the three resolutions to appoint the new directors at an Extraordinary General Meeting (EGM) held on February 2. They voted in favour of keeping the incumbents. McLay and the three directors proposed ... |
| | | | ... climbing the ranks via roles in distribution and operations, with her final role prior to the AIA transition being acting general manager, life product and distribution. A spokesperson for MetLife Australia told Financial Standard : "Olivia will focus ... |
| | | | ... controversial weapons for actively managed investments - but not for passive strategies. TelstraSuper, for example, maintains a general investment exclusion for manufacturers of controversial weapons that it considers as material activity for the entity. ... |
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