Search ResultsShowing 91 - 100 of 100+ results for "Australian"
APRA releases MySuper heat map
HARRISON WORLEY  |  TUESDAY, 10 DEC 2019
... flaws may cast some products in a poorer light than warranted, while other products appear ok when they're not." Australian Institute of Superannuation Trustees chief executive Eva Scheerlinck said that while the institute welcomed the introduction ...
Fix gaps in AFCA remit: Creevey Russell
ELIZABETH MCARTHUR  |  MONDAY, 9 DEC 2019
Creevey Russell principle Dan Creevey is calling on the government to urgently fix gaps in reforms made to the Australian Financial Complaints Authority, with certain groups at risk. As part of the reforms following the Royal Commission, changes were ...
Super funds snap up local renewable asset
HARRISON WORLEY  |  MONDAY, 9 DEC 2019
Two of Australia's largest industry superannuation funds have joined forces to purchase a South Australian wind farm capable of generating enough energy to power more than 140,000 homes each year. HESTA and First State Super have partnered with independent ...
Industry fund publicly shames investment adviser
ELIZABETH MCARTHUR  |  MONDAY, 9 DEC 2019
... worth over $2 billion. First Super has $143 million invested in Orbis Global Equity Fund. This fund is offered to Australian investors through the Australian registered Orbis Global Equity Fund, that totals $3.1 billion. First Super has been invested ...
K2 head of distribution departs
KANIKA SOOD  |  FRIDAY, 6 DEC 2019
... million was transferred to other K2 funds, the company said in ASX filings. Earlier this month, AMP swapped out the K2 Australian Absolute Return Fund , which had managed $46.8 million for some of its superannuation options. K2 Asset Management signed ...
Former CBA exec takes over at Optus
ALLY SELBY  |  FRIDAY, 6 DEC 2019
... "I'm honoured to be given the opportunity to lead Optus at this exciting juncture, with 5G on the horizon and the Australian economy digitalising rapidly," she said. "I look forward to harnessing and optimising the benefits of these changes for our customers ...
Chief economist update: A penny saved, a penny not earned by the economy
BENJAMIN ONG  |  FRIDAY, 6 DEC 2019
... RBA Governor Lowe's still thinking happy thoughts - that of a "gentle turning point" in the economy. After all, Australian economic growth improved from 1.6% in the year to the second quarter to 1.7% in the third. Alas! The latest retail sales report ...
The secret to super outperformance
ELIZABETH MCARTHUR  |  FRIDAY, 6 DEC 2019
New research from the Responsible Investment Association Australasia (RIAA) has revealed Australian superannuation funds that engage in responsible investing are outperforming their peers. The report looked at one, three and five-year time frames and ...
ASIC takes action against former AMP adviser
HARRISON WORLEY  |  THURSDAY, 5 DEC 2019
... alleging Mohammed and others operated the unregistered managed investment scheme MyWealth Manager without holding an Australian Financial Services licence. According to ASIC, Mohammed operated the scheme from February 2017, raising around $7 million ...
Why joint effort is required in advice
ELIZABETH MCARTHUR  |  THURSDAY, 5 DEC 2019
... Association. Representatives from the Financial Services Council, Association of Superannuation Funds of Australia, the Australian Financial Complaints Authority, the Tax Practitioners Board and ASIC were also in attendance. "As a wider profession we're ...
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