Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1071 - 1080 of 3369 results for "Mandate"

Chief economist update: Moving target

BENJAMIN ONG  |  WEDNESDAY, 8 JAN 2020
... cut interest rates three times (by 75 basis points) last year from 2.5% to 1.75%. The stats show that half of its dual mandate - full employment and stable (2% target) inflation - is responding. The US unemployment rate is at a 50-year low of 3.5% (November ...

What you read in 2019: Superannuation

JAMIE WILLIAMSON  |  FRIDAY, 20 DEC 2019
... to shareholders." 4. AMP given the boot by AFL This month Financial Standard revealed AMP lost its long-standing super mandate with the Australian Football League. It was replaced as default fund by a major industry fund, effective February 2020. AMP ...

TAL loses group insurance mandate

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
... TelstraSuper. The fund said the decision to change insurers follows a comprehensive review of its arrangements with TAL; a mandate the insurer has held since 2006 when it replaced Marsh Pvt Ltd. TelstraSuper chief executive Chris Davies said the fund ...

No joy in the advice world this Christmas

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 DEC 2019
Frustration and despair will be the main course for financial advisers this Christmas, says financial services veteran. The Christmas season may potentially be the catalyst for action by exhausted advisers who are feeling physically, financially and ...

Industry fund awards mandates

KANIKA SOOD  |  TUESDAY, 17 DEC 2019
... debt manager, as it trims its holdings in equities and searches for assets with equity-like returns. The distressed debt mandate went to York Capital Management. All three allocations by themselves represent less than 1% of the fund's total assets, with ...

VFMC partners for transformation

JAMIE WILLIAMSON  |  TUESDAY, 17 DEC 2019
Victorian Funds Management Corporation has awarded a key investment services mandate. BNY Mellon will provide VFMC with its Eagle Data Management product to assist VFMC with its data and IT transformation strategy. The two parties have also signed a ...

MLC Life loses super fund mandate

KANIKA SOOD  |  MONDAY, 16 DEC 2019
An $8.5 billion corporate superannuation fund has swapped out MLC Life Insurance for another provider after eight years. Qantas Super will now use OnePath Life as its insurance partner, with an expected start date of 1 July 2020. The fund started to ...

J.P. Morgan secures mandate extension

ELIZA BAVIN  |  MONDAY, 16 DEC 2019
... industry superannuation fund has signed a five year contract extension with J.P. Morgan to continue its custody services mandate, after a formal open-market tender process. Local Government Super said significant growth and structural change to its offerings ...

Chief economist update: Three cheers for Christmas

BENJAMIN ONG  |  MONDAY, 16 DEC 2019
... largest since the 1987 polls - in the country's 650-seat House of Commons. This gives the prime minister a strong mandate to negotiate a (hard or soft) Brexit deal with the EU by the end of this month before the final divorce on 31 January 2020. ...

ANZ Private hands out $3.5b mandate

JAMIE WILLIAMSON  |  WEDNESDAY, 11 DEC 2019
ANZ Private has awarded a $3.5 billion mandate for multi-asset tactical asset allocation advisory. DWS was the recipient of the mandate, providing advisory services for tactical asset allocation on multi-asset model portfolios. As a result of the mandate ...