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Showing 1091 - 1100 of 7033 results for "December"

Magellan loses $5bn in fortnight

KARREN VERGARA  |  MONDAY, 14 MAR 2022
... institutional investors have followed suit since UK fund manager St James's Place pulled a $23 billion mandate last December. This was followed by a reshuffle at the executive level. Brett Cairns resigned as chief executive and chair Hamish Douglass ...

Mixed reviews for advice industry reviewer

KARREN VERGARA  |  MONDAY, 14 MAR 2022
... throughout her career, will take the helms of the long-awaited review. A final report will be handed to the government on December 16. Johnston sees the release of the QAR's final report as "delay tactics". "Unless Ms Levy announces her recommendations ...

Legal expert to lead QAR

KARREN VERGARA  |  FRIDAY, 11 MAR 2022
... QAR will also re-assess the state of life insurance commissions. The final report will be provided to the government by December 16.

Hostplus, Statewide provide merger details

JAMIE WILLIAMSON  |  THURSDAY, 10 MAR 2022
... MySuper strategy has been a top performer in the single strategy category over all time periods and achieved 19.08% to 31 December 2021 compared to Statewide's 13.44%. And other options offered by Hostplus are significantly cheaper than the equivalent ...

TAA calls for prudent pace for reforms

KARREN VERGARA  |  TUESDAY, 8 MAR 2022
... obligations to reduce cost and remove duplication. The QAR is slated to be completed by June 30 and no later than 31 December 2022. The appointed independent reviewer of the QAR should provide a report to the government by 16 December 2022. The QAR will ...

Direct indexing: The next evolution?

CHLOE WALKER  |  MONDAY, 7 MAR 2022
... solutions. Hot on their trail, Vanguard acquired Just Invest, a direct indexing company, in October last year. Then, in December 2021 BNY Mellon's Pershing acquired Optimal Asset Management, the business of which is solely in direct indexing. Already ...

AvSuper names insurer, premiums rise

JAMIE WILLIAMSON  |  MONDAY, 7 MAR 2022
... also pay $1.15 per week for membership. It also launched an Expression of Interest process for selected super funds in December last year, citing rising costs as a factor. "Keeping fees low is also important. However, the costs of running super funds ...

Cbus names deputy chair

JAMIE WILLIAMSON  |  THURSDAY, 3 MAR 2022
... named in the role, replacing Dave Noonan who stepped down earlier this year. Wawn has been on the board of Cbus since December 2017. She has also previously been a director of Hostplus. She has served as chief executive of Master Builders since March ...

Member contributions lift super assets to $3.5tn

KARREN VERGARA  |  WEDNESDAY, 2 MAR 2022
... just $3 billion to sit at $61.1 billion at the end of 2021. In the SMSF sector, the Australian Tax Office's latest December 2021 quarterly figures reveal that 6788 funds were set up and only 163 shut down, leaving a net total of 601,906 active SMSFs ...

Magellan loses more investors, FUM slumps

KARREN VERGARA  |  MONDAY, 28 FEB 2022
... under management currently dip below $80 billion. Some $18.3 billion disappeared from the ASX-listed fund manager between December 2021 and February 23, as total FUM now sits at $77.2 billion. About $47.1 billion is allocated in global equities, $20.5 ...