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Showing 10751 - 10760 of 29084 results for "PRI"

Industry fund chief executive retires

HARRISON WORLEY  |  THURSDAY, 17 MAY 2018
The chief executive at one of Australia's largest industry superannuation funds will retire at year's end. Chief executive of First State Super, Michael Dwyer, will depart the 750,000 member super fund in November following his current contract ...

Macquarie merges private wealth businesses

KANIKA SOOD  |  THURSDAY, 17 MAY 2018
Macquarie Group is consolidating its private bank and private wealth businesses to concentrate its growth strategy on high net-worth (HNW) clients, a move it expects to affect advisers. HNW clients are already the exclusive focus of Macquarie's private ...

Australian asset owners support first stewardship code

DARREN SNYDER  |  THURSDAY, 17 MAY 2018
Two prominent industry superannuation funds, managing more than $174 billion, are the primary signatories to Australia's first asset owner stewardship code. AustralianSuper and HESTA have committed to the Australian Asset Owner Stewardship Code ...

PIMCO and Allianz begin hiring spree for new business

ALEX BURKE  |  THURSDAY, 17 MAY 2018
PIMCO and Allianz are launching a new Australian retirement income business and recruiting 50 roles in distribution, technology, actuarial, legal, operations, compliance, marketing and customer experience. The new business, Allianz Retire+ Powered by ...

JPMAM names acquisitions officer for Australia and New Zealand

ALEX BURKE  |  THURSDAY, 17 MAY 2018
J.P. Morgan Asset Management has appointed a new acquisitions officer, Australia and New Zealand for real estate Asia-Pacific. James Santi takes on the newly-created role having previously been senior director of capital markets at CBRE. Prior to that ...

Fees for no service compensation unfinished business: ASIC

DARREN SNYDER  |  THURSDAY, 17 MAY 2018
Newly-minted ASIC chair James Shipton said there will be more consumer compensation to come over fees for no service financial advice. Three months into his role, Shipton addressed the annual Australian Council of Superannuation Investors (ACSI) conference ...

Gig economy intriguing millennials: Deloitte

HARRISON WORLEY  |  THURSDAY, 17 MAY 2018
Latest research from Deloitte shows 43% of millennials envisage leaving their job within two years. The accounting firm's 2018 survey into millennials and Gen Z shows the two generations do not hold much loyalty to their employer, and are intrigued ...

Chief economist update: Onwards and downwards to a recession?

BENJAMIN ONG  |  THURSDAY, 17 MAY 2018
Now look at what you've done. It's over! Japan's eight consecutive quarters of expansion is no more. Preliminary estimates show the country's real GDP contracted by 0.2% in the March quarter, more than reversing the 0.1% gain in the ...

Chief economist update: Stuck in the very slow lane

BENJAMIN ONG  |  WEDNESDAY, 16 MAY 2018
Now we know. Growth in Australian wages remained stuck cruising at a low altitude of 2.1% in the March 2018 quarter, unchanged from the previous quarter and the quarter before that. Take these annual growth rates to two decimal places and we find that ...

More adviser participation needed to shape ethics code

JAMIE WILLIAMSON  |  WEDNESDAY, 16 MAY 2018
Financial advisers must consult on the draft code of ethics as it contains vague standards the industry has never previously been required to adhere to. While it is already expected that advisers comply with a raft of legal obligations, wealthdigital ...