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Showing 1211 - 1220 of 3537 results for "s. First"

FASEA extension passes

ELIZABETH MCARTHUR  |  THURSDAY, 13 FEB 2020
The bill to extend deadlines for the Financial Adviser Standards and Ethics Authority exam and education requirements has passed the House of Representatives. The Treasury Laws Amendment (2019 Measures No.3) Bill amends the Corporations Act so that ...

Chief economist update: Australians not confident enough

BENJAMIN ONG  |  THURSDAY, 13 FEB 2020
... slide to 6-1/2-year lows in the previous month. The index has remained below its long-term average (+6) since the RBA's first of three 25 bps rate reduction in June last year. It's the same for consumers with pessimists outnumbering optimists ...

Perpetual awards mandate

KANIKA SOOD  |  WEDNESDAY, 12 FEB 2020
An American fund manager has scored Perpetual as its first Aussie institutional client with a credit mandate. Perpetual has mandated Thornburg Investment Management which is headquartered in Santa Fe, New Mexico and represented here by Melbourne-based ...

How to lose a mandate

KANIKA SOOD  |  MONDAY, 10 FEB 2020
... be awarded in less than a month if there is already an existing relationship.However, if it's the institution's first time allocating to a manager, winning a mandate can take up to three months, and even longer than that for almost 38% of external ...

Grow Super signs first admin client

KANIKA SOOD  |  FRIDAY, 7 FEB 2020
Grow Super has signed its first client for its superannuation administration platform which is based on distributed ledger technology. Startup superannuation fund GigSuper came onboard in late December, Grow Super deputy chief executive Adam Gee said. ...

Most complained about super funds revealed

JAMIE WILLIAMSON  |  FRIDAY, 7 FEB 2020
Analysis of AFCA complaints data regarding the most complained about superannuation funds in the body's first eight months of operation shows an almost even split between industry and retail funds. AFCA started operating on 1 November 2018 and data ...

Westpac also owed money by Sargon

KANIKA SOOD  |  THURSDAY, 6 FEB 2020
China's Taiping Trustees is not the only group owed money by Sargon and its related companies. There is also a roughly $35 million debt facility from Westpac bank, Financial Standard understands. The Westpac loan is in addition to previously reported ...

Macquarie suit to lead Challenger joint venture

KANIKA SOOD  |  THURSDAY, 6 FEB 2020
Challenger and an American fund manager have hired from Macquarie's Sydney offices, as they appoint an Australia head for their joint venture which is readying a credit fund. Ares Australia Management was set up in October last year as a joint venture ...

Industry split over super fee hike

ELIZABETH MCARTHUR, JAMIE WILLIAMSON  |  TUESDAY, 4 FEB 2020
A new fee introduced by Australia's largest superannuation fund has divided the industry, with many questioning its legitimacy. Earlier this month AustralianSuper notified members it would be introducing a new fee called 'Administration fee ...

Argo Investments' profit plunges

ALLY SELBY  |  MONDAY, 3 FEB 2020
... boosted 2018's results, leading to a decline in profit for the same period in 2019. Excluding the demerger dividend, Argo's first-half profit still fell 2.3%. The fund outperformed the benchmark S&P/ASX 200 Index return of 3.1%, returning 3.8% in the ...