Challenger grows FUM
Challenger Financial Services group has grown its funds under management (FUM) by 14.9 per cent to total $22.1 billion as of 31 March.
In a statement released to the Australian Securities Exchange (ASX) today, Challenger said life assets under management had increased by 12 per cent to $6.6 million, while quarterly sales of annuities and associated products totalled $241 million.
The ASX announcement said unlisted funds under management or mandates rose by 32 per cent for the 12-month period.
AUTHOR
Mike Taylor
Recommended for you
As ASIC looks to publish firm-level data on the internal dispute resolution regime, a compliance professional has warned it could have unintended consequences, such as under-reporting.
Selfwealth’s acquirer, Syfe Group, has said the firm is hopeful of opportunities from the mass affluent population as it believes a gap exists between DIY brokerage and financial advisers.
Rose Partners, which has a strategic partnership with AZ NGA, has purchased an advisory and accounting business based in Queensland to drive its expansion.
Having already completed three major sales, Iress has announced its latest divestment following a strategic review conducted during its transformation program.
