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Showing 1211 - 1220 of 12781 results for "Change"

Ausbil reshuffles distribution team

ELIZABETH FRY  |  FRIDAY, 5 JUL 2024
Ausbil Investment Management's head of wholesale distribution will retire after 17 years with the firm, leading to changes in the sales team. Hik Chadirchi will leave at the end of the month. As a result, the active equities investor's institutional ...

TelstraSuper produces 9.6% MySuper return

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
TelstraSuper's lifecycle MySuper offering turned around 9.6% for all its members under 50 who have not made an investment choice. The result, which is net of all investment fees and taxes, demonstrates the value of its lifecycle structure, chief investment ...

APRA heightens expectations around trustees' spending

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
... on spending when the Financial Accountability Regime comes into effect for super funds in March 2025. "Another important change to SPS 515 is the requirement to support the implementation of the retirement income covenant," Cole said. "It's estimated ...

Aviva exits Australia, shutters fund

KARREN VERGARA  |  TUESDAY, 2 JUL 2024
Aviva Investors is shuttering its Australian office and moving operations offshore as it also terminates its strategy, the Multi-Strategy (AIMS) Target Return Fund. Aviva told investors that it has "recently made the decision to close the investment ...

Panel declares 'unacceptable circumstances' for Sequoia

KARREN VERGARA  |  TUESDAY, 2 JUL 2024
... from about 22.2% to 27.84%. Sequoia alleged that between 31 March 2024 and 10 May 2024, the rebel shareholders sought "to change the composition of its board and to control or influence the conduct of Sequoia's affairs". They allegedly failed to ...

Morningstar names new manager research lead

ELIZABETH FRY  |  TUESDAY, 2 JUL 2024
... recently head of research and retirement income at Insignia Financial leaving the business as part of an ongoing wider change last month. During his six years at Insignia, he oversaw the firm's investment philosophy and the teams conducting managed ...

AustralianSuper unleashes raft of investment and fee changes

ELIZA BAVIN  |  TUESDAY, 2 JUL 2024
AustralianSuper has unveiled a raft of changes to its investment exposures and fees which came into effect July 1. Across its MySuper, Choice and TTR Income products, the super fund has removed its exposure to listed infrastructure and listed property. ...

Bendigo and Adelaide Bank appoints new chief executive

ANDREW MCKEAN  |  TUESDAY, 2 JUL 2024
... he's demonstrated his commitment to customers by leading the bank's consumer division through a period of significant change while retaining industry leading customer advocacy scores. She said that he's driven the bank's deposit franchise ...

Corporate borrowing hits all-time high despite interest rates

ANDREW MCKEAN  |  MONDAY, 1 JUL 2024
... portfolio manager Tim Winstone said: "The sharp increase in the amount companies spent on interest in the past year marks a sea change in corporate finances." "The trend is evident everywhere but it's important to remember debt servicing costs are coming ...

Australian Retirement Trust delivers 11.3% in FY24

KARREN VERGARA  |  MONDAY, 1 JUL 2024
Australian Retirement Trust (ART) returned 11.3% p.a. for its High Growth option for the 2024 financial year. ART head of investment strategy Andrew Fisher told Financial Standard that equities over the last two years have been "surprisingly resilient ...