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Showing 1081 - 1090 of 5910 results for "March 31"

Mainstream bidding heats up

ANNABELLE DICKSON  |  THURSDAY, 6 MAY 2021
The fund administrator has accepted a new offer from SS&C after receiving an unsolicited superior bid from another firm. Apex Group made a superior offer to SS&C's original bid of $2 per share, coming in at $2.55 per share. SS&C has exercised its matching ...

Retail funds take out MySuper performance

ANNABELLE DICKSON  |  TUESDAY, 4 MAY 2021
Retail superannuation funds, with the exception of one industry fund, led MySuper performance for the three years to March end, according to latest Rainmaker analysis. Virgin Money Lifestage Tracker 1973-1983 returned 9.3% over three years, followed ...

LGIAsuper picks custodian for merged fund

KANIKA SOOD  |  TUESDAY, 4 MAY 2021
LGIAsuper, which is merging with Energy Supe r and recently bought S uncorp's superannuation assets, has appointed a new custodian for the total $28 billion in assets. The merged industry fund will use NAB Asset Servicing as its custodian, siding ...

Chief economist update: COVID-19 causes double-dip

BENJAMIN ONG  |  MONDAY, 3 MAY 2021
The Eurozone is back - back in recession, that is, dragged down into a double-dip by the coronavirus -- its resurgence (third time unlucky), its variants and the slow pace of vaccinations. Preliminary estimates released by Eurostat show the single-currency ...

AMP chair faces shareholder ire

KARREN VERGARA  |  FRIDAY, 30 APR 2021
AMP chair Deborah Hazelton has dodged heavy-hitting questions from shareholders who demanded transparency on the firm's failure to reign in chaotic leadership changes and why they are the last to know about significant announcements. Shareholders ...

OpenMarkets hires, acquires, preps for IPO

ELIZABETH MCARTHUR  |  FRIDAY, 30 APR 2021
OpenMarkets has made a series of senior appointments as it prepares for an initial public offering. Naseema Sparks has been appointed chair, Andrew Rutherford and Paul Rayson are new non-executive directors and Bob Alexander is now executive director ...

Chief economist update: Not yet time to make a change

BENJAMIN ONG  |  FRIDAY, 30 APR 2021
"It's not time to make a change Just relax, take it easy..." - Cat Stevens This is the US Federal Reserve's message to the markets at the conclusion of its April FOMC meeting in its efforts to calm concerns over rising inflation expectations ...

FirstChoice dominates platform market

KARREN VERGARA  |  THURSDAY, 29 APR 2021
New research finds that Colonial's FirstChoice platform is the most popular among financial advisers across all states and territories. Rainmaker analysis of ASIC's March Financial Adviser Register reveals Colonial FirstChoice is the most-used ...

Outflows continue at IOOF

KANIKA SOOD  |  THURSDAY, 29 APR 2021
IOOF ended March quarter with $203.9 billion in funds under management and administration, after significant outflows from advice and pensions business. The March end FUM was $1.5 billion higher than the previous quarter, and primarily driven by a $5.4 ...

Chief economist update: Low for longer

BENJAMIN ONG  |  THURSDAY, 29 APR 2021
Latest inflation figures released by the Australian Bureau of Statistics (ABS) underscore both the Reserve Bank of Australia's prescience and governor Philip Lowe's expectation that the official cash rate will remain low until at least 2024. ...