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| | | AustralianSuper is introducing a new age-based default for pension members and implementing a different path for those moving from accumulation to pension phase. The super fund conducted a review of the risk and benefits of its balanced option, which ... |
| | | | Insurance representative Terrence Wayne McDonald has been banned from providing financial services for 10 years following an investigation by ASIC. McDonald, of Portland, Victoria, was banned after ASIC found that he had not complied with financial ... |
| | | | The BlackRock Scientific Australian Equities strategy has received a double downgrade from 'highly recommended' to 'investment grade' by Morningstar after the departure of Morry Waked. The Morningstar report said Waked, former global chief investment ... |
| | | | The Australian sharemarket is expected to open higher with Wall Street posting modest gains in late afternoon trade amid negative home sales data and positive news on retail sales and unemployment benefits. At 0804 AEDT on the Sydney Futures Exchange ... |
| | | | Many planners are looking for bespoke risk management solutions to help protect their client portfolios from market swings while, at the same time, remaining 'in the game'. George Lucas, founding managing director of boutique structured products specialist ... |
| | | | Colonial First State Global Asset Management (CFS GAM) is in the process of hiring an Environmental, Social and Governance (ESG) manager to help the group progressively embed ESG considerations across the funds it manages, now exceeding $145 billion. ... |
| | | | ASIC has successfully obtained court approval of a $13.5-million settlement from State Trustees on behalf of Westpoint investors. The class action initiated by ASIC against Melbourne based trustee company, State Trustees, relates to investments made ... |
| | | | AXA Australia will soon adopt a blended premium pricing approach across its term life, trauma and total permanent disablement (TPD) insurance suite to make life insurance more affordable. Stephen Rosengren, head of individual life at AXA Australia ... |
| | | | A US-based study has found many US fund managers are churning their portfolio more often than they said they would - giving new evidence that short-termism is rife and long-termism is just lip service for many. The study found nearly two thirds of institutionally ... |
| | | | Managed futures fund manager SuperAlphaFund is winding up its operations in Australia after setting up shop less than two years ago due to a disagreement with ASIC. SuperAlphaFund chief executive, Matthias Gaertner, said there is no exact date set for ... |
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