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Showing 1121 - 1130 of 4410 results for "Press"

Pension fund suffers $235bn loss

JAMIE WILLIAMSON  |  MONDAY, 6 JUL 2020
The world's largest pension fund posted a record quarterly loss and a negative return of more than 10% to March end, it has reported. Japan's Government Pension Investment Fund lost 17.71 trillion yen, or $237 billion, in the three months to ...

Pension fund in divestment hoax

JAMIE WILLIAMSON  |  FRIDAY, 3 JUL 2020
... AP7 was to divest ownership in all companies with operations in fossil fuel. Unfortunately, that is not true. We sent the press release that AP7 should have sent." "We understand that we have caused some confusion and we are very sorry if any of you ...

QSuper culls comprehensive advice

KANIKA SOOD  |  FRIDAY, 3 JUL 2020
... investment strategy, ways to make the most of their QSuper account, and help with retirement planning," Pennisi said in a press release this morning. "As a result of the review, QSuper has significantly expanded the personal, over the phone financial ...

ANZ accused of paying hush money on BBSW scandal

ELIZABETH MCARTHUR  |  FRIDAY, 3 JUL 2020
... Alexiou was a whistleblower and an observer of concerning trading behaviour, ANZ threw him under the bus by putting out press releases that linked his dismissal to the bank bill swap rate investigation. He is also alleging that, despite former ANZ chair ...

JBWere to add 50 to team

ELIZA BAVIN  |  FRIDAY, 3 JUL 2020
NAB has announced it is looking to boost its team at JBWere with the recruitment of 50 new bankers and financial advisers. NAB said the move is part of a strategy to provide high-net -worth clients with a single point of access for their financial needs. ...

Chant West, Zenith agree on acquisition

KANIKA SOOD  |  WEDNESDAY, 1 JUL 2020
Chant West is shelving its legal proceedings against Zenith, as the latter comes back to the table on its planned acquisition, which will see Chant West chief executive Brendan Burwood exit the business. The two companies completed a business sales ...

Challenges abound as super poises for COVID-19 recovery

ALLY SELBY  |  TUESDAY, 30 JUN 2020
Leaders from the nation's industry super funds have called for greater certainty around superannuation policy, noting various challenges face the industry in the period of economic recovery ahead. In particular, industry fund chief executives pushed ...

Foreign exchange broker banned

ALLY SELBY  |  TUESDAY, 30 JUN 2020
ASIC has banned a former foreign exchange broker from the industry for three years, after it was found he was not fit to provide financial services and had not complied with related laws. Steven Marsh, a former employee of Forex Capital Trading, engaged ...

Trust in advisers wanes

JAMIE WILLIAMSON  |  TUESDAY, 30 JUN 2020
... those without an adviser said the same. The study also found that the findings of the Royal Commission and the associated press coverage did not change investors' minds as to where and how they will seek advice. Further, 40% of investors believe ...

Calls to investigate treatment of AMP advisers

ELIZABETH MCARTHUR  |  FRIDAY, 26 JUN 2020
ASIC has come under pressure from a Senator to look into AMP's treatment of financial advisers, including reducing the value of its Buyer of Last Resort (BOLR) agreements. Labor senator for NSW Deborah O'Neill has written to ASIC chair James Shipton ...