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Showing 1181 - 1190 of 3180 results for "ACTU"

Suncorp charged super members incorrect fees

KANIKA SOOD  |  FRIDAY, 14 SEP 2018
The retail superannuation master trust charged incorrect fees to some of its members in the Suncorp Employee Super and Brighter Super funds and is working on remediating clients. Suncorp charged an incorrect investment fee to its members who joined ...

ClearView breached anti-hawking law 300k times

KARREN VERGARA  |  MONDAY, 10 SEP 2018
The sixth round of the financial services Royal Commission heard ClearView's direct life insurance business breached anti-hawking provisions up to 303,000 times. The figure has ballooned from the 278,664 originally reported to the Commission, according ...

Philanthropic forces shift asset allocation

DARREN SNYDER  |  THURSDAY, 6 SEP 2018
Forces within Australia's philanthropy sector are shifting the distribution of more than $1 billion in annual grants and funding to non-traditional sectors. Speaking at the Philanthropy Australia National Conference yesterday, JBWere Philanthropic Services ...

Gonski asks philanthropists to have more heart

DARREN SNYDER  |  THURSDAY, 6 SEP 2018
ANZ chairman David Gonski believes Australian philanthropists must give with more rigour as assets that have taken years to accumulate are too often spent on a whim. Speaking at the Philanthropy Australia National Conference in Melbourne yesterday ...

Trustees caught in a balancing act

KARREN VERGARA  |  THURSDAY, 6 SEP 2018
The financial services Royal Commission exposed substantial breaches of fiduciary duties that show superannuation trustees have to lift their game and improve governance standards, a legal expert says. Holding Redlich partner Paul Faure told the AIST ...

Boutique manager expands fixed income team

KANIKA SOOD  |  WEDNESDAY, 5 SEP 2018
A $10 billion boutique fund manager has made two key appointments to its investment team, as institutional and retail investors continue to pour money into its strategies. Ardea Investment Management has appointed former Deutsche Bank fixed income research ...

ETF market growth a benefit for all

HARRISON WORLEY  |  TUESDAY, 4 SEP 2018
A network effect is underway in the Australian ETF market, and as growth continues, all investors are set to benefit. Presenting a snapshot of the Australian ETF industry at the Financial Standard Best Practice ETF Forum in Sydney today, Rainmaker head ...

VicSuper among top pension funds, others climb

KANIKA SOOD  |  TUESDAY, 4 SEP 2018
VicSuper is now one of the world's top pension funds, sitting alongside 16 other Australian superannuation funds, according to Willis Towers Watson. The Global 300 research from WTW's Thinking Ahead Institute looked at the world's largest ...

WAM Capital announces LIC takeover bid

KARREN VERGARA  |  FRIDAY, 31 AUG 2018
WAM Capital is attempting to takeover a listed investment company managed by Perennial that it says has consistently "underperformed" since inception. WAM Capital made a conditional off-market takeover bid for Wealth Defender Equities Limited (ASX ...

Foreign owners take over life insurance: KPMG

KARREN VERGARA  |  TUESDAY, 21 AUG 2018
Foreign companies continue to gain the lion's share of Australia's life insurance industry, with the recent sale of CommInsure and OnePath set to boost foreign ownership from less than half to 66%, KPMG research shows. According to the Life ...