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Showing 1191 - 1200 of 8321 results for "Retail"

Super assets rise to $3.4tn

KARREN VERGARA  |  WEDNESDAY, 24 NOV 2021
... MySuper account currently pay less than $30 billion a year in fees after a year of reductions across not-for-profit and retail super funds. Currently APRA regulated funds stand at 155: retail (93), public sector (16), industry (33) and corporate (13%). ...

Super funds failing three-day transfer requirement

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 NOV 2021
... Stake Super Kris Kitto said over the last seven weeks Stake has submitted more than 100 transfer requests to industry and retail super fund. "Very few APRA regulated super funds are meeting the three-day payment timeframe. On average it's more than ...

Bell AM announces US distribution plans

ANNABELLE DICKSON  |  TUESDAY, 23 NOV 2021
... long-only, fundamental bottom-up global equity solutions to a diversified investor base, including institutional, wholesale, retail and high-net-worth clients. It also manages assets for US pension funds. Bell Asset Management chief investment officer ...

Orbis Australia announces leadership changes

CHLOE WALKER  |  TUESDAY, 16 NOV 2021
... Limited, which oversees $51 billion in funds under management, $14.5 billion of which is from Australian institutional and retail funds. Josling congratulated Ciccolallo for his instrumental role in building and managing many of Orbis Australia's institutional ...

Multi-boutique appoints head of private wealth

ANNABELLE DICKSON  |  TUESDAY, 16 NOV 2021
... Williams was head of wholesale client coverage at the Swiss bank for over four years. He was previously national manager, retail at Lazard Asset Management and was a director at BlackRock for 10 years. In his new role, Williams will report to Warakirri ...

Portfolio holdings disclosure a failure: Morningstar

ELIZABETH MCARTHUR  |  MONDAY, 15 NOV 2021
... markets for managed funds disclosures," Morningstar said. Morningstar's Global Investor Experience studies, which assess the retail investor experience across 26 markets, have found that Australia is the only market with no consistent implanted portfolio ...

ASIC cancels AFSL of Future Asset Management

ELIZABETH MCARTHUR  |  FRIDAY, 12 NOV 2021
... Australian fund manager which managed specialist investment funds. It offered responsible entity and marketing services to retail and wholesale markets. Gary Scallan was listed as Future AM International's chair and chief executive. Christopher John ...

Government advances adviser levy drop

KARREN VERGARA  |  THURSDAY, 11 NOV 2021
... federal government is forging ahead with slashing the financial adviser levy by more than a third for those that provide retail advice. Corporate watchdog ASIC today updated its 2020-21 Cost Recovery Implementation Statement, which lays out how much ...

Cbus to create rainy day fund to cover fines

ELIZABETH MCARTHUR  |  THURSDAY, 11 NOV 2021
... have to restructure the way they pay penalties. As these funds do not have pools of shareholder capital to draw on the way retail funds do, they will have to create a pool of capital held by the trustee. Cbus is not the only fund to already move on the ...

ASIC issues warning to finfluencer sponsors

KARREN VERGARA  |  WEDNESDAY, 10 NOV 2021
... some listed companies are flocking to finfluencers for a fast and effective way to promote investment products to young retail investors. "If you're approached by a finfluencer seeking to collaborate, or you're considering reaching out to one ...