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Showing 101 - 110 of 295 results for "Sport"

BlackRock backs lifestyle, marketing firm

JAMIE WILLIAMSON  |  THURSDAY, 15 AUG 2019
Following an investment of more than $1.2 billion, BlackRock now holds the biggest stake in the new owner of Sports Illustrated magazine. Entities affiliated with BlackRock's Long Term Private Capital (LTPC) fund made a strategic investment in Authentic ...

Former adviser cops 20-year prison sentence

JAMIE WILLIAMSON  |  FRIDAY, 2 AUG 2019
A former financial adviser in the US will spend the next 20 years behind bars after defrauding retiree investors of $30 million, some of which was used to fund religious ceremonies to ward off federal investigators. Dawn Bennett of Maryland was this ...

ASIC warns trustees on employer inducements

KARREN VERGARA  |  THURSDAY, 1 AUG 2019
Corporate regulator ASIC is reinforcing the illegality of superannuation funds inducing employers and the serious consequences that come with breaching the new law. ASIC released Infosheet 241 on Wednesday, reminding trustees that influencing employers ...

Remembering Ron Grima

JAMIE WILLIAMSON  |  WEDNESDAY, 10 JUL 2019
Known for his unwavering commitment and support of financial advisers, respected business development veteran Ron Grima passed away on July 2 after a short battle with motor neurone disease. Most recently a business development manager on Australian ...

Hostplus enters merger talks

KANIKA SOOD  |  TUESDAY, 2 JUL 2019
The $43 billion Hostplus is probing the possibility of a merger with another industry fund. Hostplus and the $566 million Club Super have entered into a Memorandum of Understanding to formally pursue discussions and undertake a comprehensive due diligence ...

Hostplus makes bid for SMSF money

KANIKA SOOD  |  WEDNESDAY, 19 JUN 2019
... members. The typical member is around 34 years old, has a lower balance and works in the hospitality, recreation, tourism and sport industries but the fund is open offer. Watson said the SMSF options are not targeted at the typical member. It has about ...

Industry fund appoints board director

KANIKA SOOD  |  MONDAY, 27 MAY 2019
... contribution to the timber industry through his presidency of the Timber Trade Industrial Association and additionally to sport in Canberra through his presidency of the Federal Golf Club." First Super manages about $3.1 billion for about 55,000 memb ...

Government bans superannuation funds treating employers

KARREN VERGARA  |  WEDNESDAY, 10 APR 2019
New legislation has put an end to trustees incentivising employers to appoint them as their default superannuation fund. Part of the Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No 1) Bill 2019 bans ...

NAB ends introducer payments

ELIZABETH MCARTHUR  |  TUESDAY, 26 MAR 2019
National Australia Bank will no longer make referral payments to introducers. NAB chief executive Philip Chronican said ending "introducer" payments was part of NAB's ongoing efforts to be a better bank following the Royal Commission. He said: "Through ...

AMP Capital scores AFL stadium interest

HARRISON WORLEY  |  THURSDAY, 14 MAR 2019
... Savage said the fund was delighted to have secured an interest in the stadium, noting social infrastructure projects such as sport stadiums were of particular interest, given their predictable revenue and benefits for the economy they're embedded ...