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Showing 1211 - 1220 of 2961 results for "August 2010"

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 ...

APRA to reopen old wounds for CBA, IOOF

KARREN VERGARA  |  WEDNESDAY, 5 SEP 2018
APRA will dig its heels into a list of concerns magnified in the Royal Commission into superannuation that mainly involve IOOF, CBA and Suncorp. In response to the preliminary findings concluding the fifth round, APRA said the Commission unearthed new ...

Integrity Life expands senior team

KARREN VERGARA  |  TUESDAY, 4 SEP 2018
Integrity Life continues its expansion trajectory with the appointment of two senior roles and a non-executive director. Integrity announced Mark McCrea is the new operations manager and Jacqueline Little takes on the head of product role. Joining from ...

Retail super funds reject MySuper delays

KARREN VERGARA  |  TUESDAY, 4 SEP 2018
Several retail superannuation funds have rejected claims they fell below community standards and contravened the Superannuation Industry (Supervision) Act by delaying the transition of members into cheaper MySuper products. In response to recommendations ...

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 ...

Nikko launches global disruption fund

HARRISON WORLEY  |  FRIDAY, 31 AUG 2018
Nikko Asset Management is launching a global disruptive innovation fund in partnership with ARK Investment Management. The fund is a global equity portfolio focused on disruptive innovation, providing Australian investors with exposure to ARK's disruptive ...

BT overhauls life cover limits and definitions

JAMIE WILLIAMSON  |  WEDNESDAY, 29 AUG 2018
BT has announced a raft of enhancements to its Protection Plans products, including updated medical definitions and increased life insurance cover for farmers and homemakers. Previously capped at $3 million, farmers will now be able to access up to ...

Chief economist update: Blame the US economy for the widening trade gap

BENJAMIN ONG  |  WEDNESDAY, 29 AUG 2018
From "fake news", US President Donald Trump might label the Census Bureau's numbers on "International Trade in Goods" as "fake stats". It refutes his claim in March that "trade wars are good, and easy to win." The report shows America's balance ...

Australia's weekus horribilis

BENJAMIN ONG  |  MONDAY, 27 AUG 2018
If there's one thing Australia's "weekus horribilis" proved, it's that financial markets hate uncertainty. The week of 20-24 August began with a challenge to sitting Australian Prime Minister Malcolm Turnbull's leadership of the Liberal Party and ended ...

Aussie instos back world-first blockchain bond

KANIKA SOOD  |  FRIDAY, 24 AUG 2018
Seven institutional investors have backed the world's first blockchain bond developed by Commonwealth Bank and the World Bank. First State Super, NSW Treasury Corporation (TCorp), Treasury Corporation of Victoria, CBA, QBE and SAFA signed on as ...