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Showing 1131 - 1140 of 3227 results for "April 2012"

Foreign fund managers granted licensing relief

HARRISON WORLEY  |  WEDNESDAY, 11 MAR 2020
Overseas fund managers are set to be exempt from requiring an Australian financial services licence for the purposes of convincing professional investors to become a client. Under ASIC's newly released foreign financial services provider regulatory ...

Trump slams Fed in Twitter tirade

ALLY SELBY  |  WEDNESDAY, 11 MAR 2020
Trump has taken to Twitter once again, this time, to slam the Federal Reserve and its chair Jerome Powell. The tweets follow a tumultuous start to the week for markets, with the Dow Jones, S&P 500 and Nasdaq suffering their worst day in a decade on ...

Lack of independence must be made clear: ASIC

ELIZA BAVIN  |  TUESDAY, 10 MAR 2020
Financial advisers will need to provide every retail client a written statement explaining "simply and concisely" why they are not independent, impartial and unbiased; if ASIC's draft recommendations for advice fees are adopted. The purpose, ASIC said ...

Mercer chief executive to step down

HARRISON WORLEY  |  TUESDAY, 10 MAR 2020
Mercer Australia chief executive Ben Walsh is set to leave the global consulting firm within months, with an internal candidate picked to succeed him in the interim. In a statement, Mercer revealed Walsh would end his four year tenure as head of the ...

Super fund slashes fee

ELIZA BAVIN  |  MONDAY, 9 MAR 2020
One of Australia's largest superannuation funds has dropped its pension fee by 40%, saving members $156 per year. $48 billion industry fund Hostplus said will drop its pension fee from 1 April 2020, with the change set to reduce fees from $7.50 ...

Westpac director heads for the exit

HARRISON WORLEY  |  FRIDAY, 6 MAR 2020
A member of Westpac's board is preparing to leave the turmoil stricken big bank after less than two years as a director. The bank has confirmed the departure of director Anita Fung from its board. Fung was appointed to the board in the midst of the ...

Pendal global equities fund cut at Morningstar

KANIKA SOOD  |  THURSDAY, 5 MAR 2020
Morningstar has dropped coverage on Pendal's global equities fund which recently swapped out an external manager for Pendal's in-house investment team. In November, Pendal announced it would pull $460 million from AQR Capital Management across three ...

Baird exits NAB

ELIZA BAVIN  |  THURSDAY, 5 MAR 2020
Mike Baird has today announced he will be leaving NAB, effective April 15. NAB said it supports Baird's decision to leave his position as chief customer officer - consumer banking to "take a break" before searching for new opportunities. Anthony ...

Group premiums rise 34%

ELIZA BAVIN  |  WEDNESDAY, 4 MAR 2020
Members of Defence Bank Super and Crescent Wealth Super have been notified their insurance premiums will increase 34%, after TAL advised it would increase premium rates. The funds informed members the changes were as a result of recent legislative changes ...

Industry fund winds up infrastructure option

JAMIE WILLIAMSON  |  TUESDAY, 3 MAR 2020
A $6.5 billion industry superannuation fund is closing its unlisted infrastructure investment option due to lack of scale. Following a review of its offering, Media Super recently notified members it is closing its unlisted infrastructure option on ...