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Showing 1221 - 1230 of 3163 results for "Owner"

Whistleblower calls out approved product lies

ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2019
A new paper on the consumer impact of Approved Product Lists (APLs) claims institutionally-aligned Australian Financial Services Licensees (AFSLs) are funneling new clients into in-house products, potentially in breach of Best Interest Duty obligations. ...

Australia climbs up Mercer global pension index

HARRISON WORLEY  |  MONDAY, 21 OCT 2019
Australia's retirement system has risen in the global ranking of pension systems, but it still has room for improvement, according to Mercer's latest rankings of global pension systems. According to the 2019 Melbourne Mercer Global Pension Index, Australians ...

Leaving a legacy

KANIKA SOOD  |  FRIDAY, 18 OCT 2019
Jeff Chapman, whose net worth is pegged at more than $800mn, speaks to Financial Standard about his family office investments including Bennelong Funds Management, and generosity. What were your goals in setting up your family office? Jeff Chapman ...

CommInsure eyes deferred lifetime annuities

KANIKA SOOD  |  FRIDAY, 18 OCT 2019
CommInsure is looking to expand its annuity offering as it sees opportunity in the fast-approaching deadline for superannuation funds to develop comprehensive retirement income products (CIPRs). The life insurer, which is in the process of changing ...

RBA blames lack of demand in property downturn

ELIZA BAVIN  |  THURSDAY, 17 OCT 2019
... yet to see the flow through to a pick-up in housing credit growth, which has remained at historically low rates for both owner occupiers and particularly investors. "One issue that we are closely monitoring is the extent to which households choose to ...

IOOF acquires OnePath at a discount

ELIZA BAVIN  |  THURSDAY, 17 OCT 2019
IOOF has secured the sale of ANZ's OnePath pensions and investments business for $850 million, down from the original sales price of $975 million announced in October 2017. ANZ said the new price includes around $25 million that it has already received ...

Count Financial bolsters team as part of transition

ELIZABETH MCARTHUR  |  THURSDAY, 17 OCT 2019
Count Financial has bolstered its leadership team as part of its acquisition by CountPlus. The Commonwealth Bank sold Count Financial to CountPlus for $2.5 million, finalizing the sale at the end of August. John Corcoran has now stepped into the position ...

Fees down across asset classes: Report

ELIZA BAVIN  |  WEDNESDAY, 16 OCT 2019
A report has found substantial fee reductions across a number of asset classes, associated with continued pressure on external manager fees from asset owners. The bfinance report found fees for active global equity mandates have fallen by 7% since 2013 ...

Broker fined for lavish entertainment

ELIZABETH MCARTHUR  |  MONDAY, 14 OCT 2019
The Financial Conduct Authority in the UK has fined Tullett Prebon £15.4 million, citing "lavish entertainment" and lack of effective controls. The FCA said Tullett Prebon, an inter-dealer broker which acts for institutional clients transacting in ...

First State Super enters global equities partnership

JAMIE WILLIAMSON  |  WEDNESDAY, 9 OCT 2019
The $100 billion superannuation fund has awarded a $500 million multi-factor mandate to a global manager that will also provide the fund with research and development support. HSBC Global Asset Management has been awarded the mandate and will also provide ...