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Showing 1061 - 1070 of 3130 results for "November 1995"

Latest data reveals super admin problem

ELIZA BAVIN  |  TUESDAY, 10 MAR 2020
Around half of complaints received about superannuation are to do with account administration issues, according to latest data from AFCA. The Australian Financial Complaints Authority's (AFCA) Datacube revealed out of the 2220 complaints received about ...

J.P. Morgan offloads Melbourne properties

ELIZA BAVIN  |  FRIDAY, 6 MAR 2020
J.P. Morgan is moving to divest two Melbourne-based properties as vacancy rates in Melbourne fall to record lows. The two properties include St Collins Lane mall and a Southbank office tower known as Twenty8 Freshwater Place. The asset manager bought ...

Raiz defends double fee

ELIZA BAVIN  |  WEDNESDAY, 4 MAR 2020
Raiz Invest said it is well placed to manage volatile market conditions because it collects both management and funds under management (FUM) fees from its customers. Raiz chief executive George Lucas said 66% of the company's revenue is generated ...

Morningstar boosts financial planning capabilities

ALLY SELBY  |  WEDNESDAY, 4 MAR 2020
Morningstar will acquire a Canadian financial planning and risk-profiling software firm, in a bid to expand its advice capabilities world-wide. Morningstar has acquired PlanPlus Global, whose FinaMetrica Profiler risk software is currently available ...

Industry fund winds up infrastructure option

JAMIE WILLIAMSON  |  TUESDAY, 3 MAR 2020
A $6.5 billion industry superannuation fund is closing its unlisted infrastructure investment option due to lack of scale. Following a review of its offering, Media Super recently notified members it is closing its unlisted infrastructure option on ...

TAL loses super fund mandate

JAMIE WILLIAMSON  |  MONDAY, 2 MAR 2020
TAL has lost a group insurance mandate following a comprehensive review by the super fund's trustee. Members of Freedom of Choice, an offering under the AMG Super umbrella, have been notified that TAL will no longer provide their group insurance ...

ANZ Australia risk chief exits

JAMIE WILLIAMSON  |  FRIDAY, 28 FEB 2020
The chief risk officer that fronted the Royal Commission on behalf of ANZ Wealth has resigned from the bank. A spokesperson for ANZ has confirmed the resignation of Kylie Rixon, effective immediately. Rixon was chief risk officer of ANZ Wealth from ...

TCorp launches new bond

ALLY SELBY  |  THURSDAY, 27 FEB 2020
The investment manager of the New South Wales public sector has launched a new benchmark bond with a coupon rate of 2%, set to mature in March 2033. Strong investor demand saw the bond raise $1 billion, attracting a yield of 1.565%. TCorp head of funding ...

Academics protest UniSuper investments

HARRISON WORLEY  |  WEDNESDAY, 26 FEB 2020
UniSuper is again facing criticism over its continued investment in fossil fuels, this time directly from its members. Led by advocacy group Market Forces, university academics are today protesting against what they describe as UniSuper's "continued ...

Chief economist update: Aussie employment rises... but so does our unemployment rate

BENJAMIN ONG  |  FRIDAY, 21 FEB 2020
The Australian Bureau of Statistics' (ABS) reported that the economy added 13,500 jobs in January - more than market expectations for an increase of 10,000 - with the creation of 46,200 full-time positions more than offsetting the termination of ...