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Showing 91 - 100 of 400 results for "Rena"

Aware Super, VISSF merger to proceed

JAMIE WILLIAMSON  |  THURSDAY, 29 JUL 2021
After four months of due diligence, the two super funds have confirmed they will merge before the end of the year. In a joint statement, Aware Super and the Victorian Independent Schools Superannuation Fund (VISSF) said the merger will create the largest ...

IOOF advice outflows soar

ANNABELLE DICKSON  |  THURSDAY, 29 JUL 2021
The wealth manager recorded significant outflows in its financial advice business as advisers departed following its transformation strategy. Financial advice recorded $2.2 billion in outflows from 33 advisers departing from IOOF's self-employed advice ...

Regulators urge wider DDO adoption

JAMIE WILLIAMSON  |  WEDNESDAY, 30 JUN 2021
Superannuation trustee chief executives have been advised to operate under the assumption that all their offerings must meet the requirements of the Product Design and Distribution Obligations (DDO) legislation. Releasing notes from the inaugural Superannuation ...

Cashwerkz takes stake in boutique, plans rebrand

KANIKA SOOD  |  THURSDAY, 10 JUN 2021
ASX-listed Cashwerkz will pay $3 million in cash plus performance rights to buy a 25% stake in a boutique, as it also looks to rename the entire group. Tactical Global Management has been running since 1997 and provides tailored overlay solutions for ...

BlackRock rejigs Aussie shares fund

KANIKA SOOD  |  MONDAY, 7 JUN 2021
BlackRock is changing the name and fees for the BlackRock Concentrated Industrial Shares strategy. Effective June 1, the fund was renamed to BlackRock High Conviction Australian Equity Fund. The strategy has about $700 million in total assets, of which ...

IOOF awards $23bn passive mandate

JAMIE WILLIAMSON  |  TUESDAY, 18 MAY 2021
IOOF has handed a $23 billion index investing mandate to a global investment manager following Vanguard's decision to stop managing passive strategies for other institutions. Having acquired ANZ's pensions and investments business last year, IOOF found ...

Pengana appoints manager

KANIKA SOOD  |  MONDAY, 10 MAY 2021
Pengana has appointed US manager Harding Loevner to manage $435 million of assets in its listed and unlisted International Fund. Harding Loevner will also manage both the LIC Pengana International Equities Limited (ASX: PIA) and the unlisted vehicle ...

ASIC not recommending general advice change

JAMIE WILLIAMSON  |  WEDNESDAY, 5 MAY 2021
ASIC has confirmed it will not be recommending changing the label of 'general advice', after independent research commissioned by the regulator found such a move is unlikely to prevent consumer confusion. Both the Financial System Inquiry's ...

Go, iron ore, go

BENJAMIN ONG  |  WEDNESDAY, 28 APR 2021
Just a wittle more, a wittle more... Yes Virginia, just another US$12.71 per tonne (6.6%) and the spot price of iron ore will be line ball with the all-time high of US$191.70 a tonne it set way back a decade earlier (February 2011). For sure, there ...

Chief economist update: Australians all let us rejoice

BENJAMIN ONG  |  FRIDAY, 16 APR 2021
Australia is back! Back on track after its economy was cruelly interrupted by the COVID-19 pandemic. This space had been ranting about the virtuous cycle that had been circling around the nation since activity and business and consumer sentiment indicators ...