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Showing 1151 - 1160 of 7104 results for "June 2023"

APRA takes next step on super data

JAMIE WILLIAMSON  |  FRIDAY, 18 FEB 2022
The prudential regulator wants to begin publishing data on all superannuation products and investment options, commencing a new consultation today. Last year APRA undertook phase one of its data transformation which saw super trustees required to provide ...

MAX Awards 2022: Nominations open

ELIZABETH MCARTHUR  |  FRIDAY, 18 FEB 2022
Nominations are now open for the annual Financial Standard MAX (Marketing, Advertising and Sales Excellence) Awards. Now in their 17th year, the Financial Standard MAX Awards recognise the individuals, teams and organisations that are at the top of ...

Aware Super advice arm to pay $20m fine

CHLOE WALKER  |  FRIDAY, 18 FEB 2022
The industry super fund's financial advice subsidiary has been hit with a $20 million penalty for charging over 25,000 customers more than $50 million in fees for no service. Between 21 August 2014 and 30 June 2018, Aware Financial Services, formerly ...

Vision Super adds to board

KARREN VERGARA  |  WEDNESDAY, 16 FEB 2022
Vision Super welcomed a new member of the board whose experience spans the private and public sectors. The industry super fund appointed Vijaya (VJ) Vaidyanath to its board on January 1. Vaidyanath is the former chief executive of the City of Yarra ...

Assets under custody hit $4.7tn

ELIZABETH MCARTHUR  |  TUESDAY, 15 FEB 2022
The Australian Custodial Services Association (ACSA), the peak industry body for custodians and asset service providers in Australia today released industry data showing assets under custody increased by 5.8%to a new record of $4.7 trillion in the six ...

Investors Mutual appoints strategic relationship manager

CHLOE WALKER  |  FRIDAY, 11 FEB 2022
Investors Mutual (IML) has announced the appointment of Michael Bowen as relationship manager, strategic groups. Bowen joins IML from global manager PineBridge Investments, where he was vice president, wholesale, and private wealth, responsible for ...

AMP Capital unveils new name

KARREN VERGARA  |  THURSDAY, 10 FEB 2022
AMP Capital will become Collimate Capital ahead of its slated ASX listing in the second half of the year. Cementing its separation from parent company AMP, AMP Capital chief executive Shawn Johnson said today's announcement is a testament to ongoing ...

Magellan fund loses $1bn in five months

KARREN VERGARA  |  WEDNESDAY, 9 FEB 2022
A Magellan fund has lost nearly $1 billion in the last five months of 2021, an analysis of the exchange-traded product sector reveals. Rainmaker Information's latest ETP Report found that the Magellan Global Fund Open Class lost $737 million in ...

Vanguard move a win for SSGA, BlackRock

JAMIE WILLIAMSON  |  FRIDAY, 4 FEB 2022
Vanguard's decision to hand back institutional mandates has been good news for State Street Global Advisors, BlackRock and several other managers, analysis shows. In October 2020 Vanguard announced it would hand back mandates to super funds ahead of ...

RI Advice slapped with $6m penalty

KARREN VERGARA  |  FRIDAY, 4 FEB 2022
RI Advice was slapped with a $6 million penalty for failing to keep tabs on a representative who invested clients' money in risky and complex financial products. The Federal Court found that RI Advice failed to take the appropriate steps to ensure ...