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Showing 1181 - 1190 of 3372 results for "Mandate"

Chief economist update: Glass half-full or US recession on the way?

BENJAMIN ONG  |  WEDNESDAY, 29 MAY 2019
... Everything comes to him who waits. The data-dependent Fed could afford to sit it out. After all, one-half of its dual mandate is not only half-full it's boiling over. America's unemployment rate was clocked at 3.6% in April - this is the lowest ...

Perpetual wins trustee mandate

KANIKA SOOD  |  WEDNESDAY, 29 MAY 2019
An infrastructure fund aiming to invest $500 million over five years has chosen Perpetual Corporate Trust as its custodian and wholesale trustee. Impact Investment Partners' new fund, called the Indigenous Infrastructure Fund (IIF), is a private wholesale ...

ASIC names new default super fund

JAMIE WILLIAMSON  |  TUESDAY, 28 MAY 2019
The corporate regulator has named the superannuation fund its employees will now be defaulted into. From July 1, new employees of ASIC who do not nominate a superannuation fund will be defaulted into AustralianSuper. From that time, ASIC will employ ...

Super gets an insider in ministry reshuffle

HARRISON WORLEY  |  MONDAY, 27 MAY 2019
... stability," Loane said. "Recommendations from the Hayne Royal Commission show the sector requires strong leadership and a mandate for focused reform throughout the entire Parliamentary term. "The FSC will also urge the new team to deliver a comprehensive ...

Credit fund launches to wholesale investors

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2019
... relatively low returns from cash and government bonds but materially below the risk of a well-managed corporate debt investment mandate. Moelis Australia Asset Management is a subsidiary of ASX-listed Moelis Australia (MOE), which was established in ...

MLC Life wins group insurance mandate

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2019
MLC Life Insurance has won a group insurance mandate from a $6 billion superannuation fund. It will replace AIA Australia. Maritime Super members will be covered for death, TPD and income protection insurance under a new agreement with MLC Life that's ...

Super fund names new life insurer

KARREN VERGARA  |  MONDAY, 13 MAY 2019
... for money insurance solutions and supporting their members when they need us most." TAL recently won a group insurance mandate from $51 billion superannuation fund Rest, replacing AIA Australia. The former Queensland local government employee super fund ...

Northern Trust wins two mandates

KARREN VERGARA  |  MONDAY, 13 MAY 2019
... middle-office trade matching, fund administration, foreign exchange and associated services worth $14 billion. For the second mandate, Northern Trust will serve as administrator and depositary for Maple-Brown Abbott's US$600 million Irish-domiciled ...

Industry fund dips toes in private equity

KANIKA SOOD  |  THURSDAY, 9 MAY 2019
... investment officer Michael Block told Financial Standard the fund is currently looking at private equity managers with a mandate to follow soon. "We have some very small, legacy positions as a result of the mergers over the fund's history. But we ...

Chief economist update: Same challenges, differing reactions

BENJAMIN ONG  |  THURSDAY, 9 MAY 2019
... focus on keeping inflation near the 2% mid-point; and support maximum sustainable employment." This is more or less the mandate targeted by every other major central bank around the world, including New Zealand's next door neighbour, Australia. But ...