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Showing 1231 - 1240 of 4834 results for "EAC"

Bad year for super funds

KANIKA SOOD  |  THURSDAY, 14 JAN 2021
Three in four superannuation funds reported negative net earnings last year, after accounting for all expenses and income. About 109 superannuation funds had a negative year, while only 33 had a positive year, according to APRA's fund-level data for ...

Flexstone appoints head of ESG

KANIKA SOOD  |  WEDNESDAY, 13 JAN 2021
The Natixis private markets boutique has appointed a head of ESG in a newly-created role. Caroline Gilbert will lead Flexstone's ESG strategy at portfolio and firm level. Gilbert's three objectives will be: to reach a target of 40% women in ...

Retiree strategies need greater attention: Research

ANNABELLE DICKSON  |  WEDNESDAY, 6 JAN 2021
Traditional portfolio construction needs to change to provide for the needs of retiree clients, new research shows. Fidelity International with the Financial Planning Association of Australia (FPA) and CoreData released a report Building Better Retirement ...

New year, new chief for Aviva Investors

ELIZA BAVIN  |  WEDNESDAY, 6 JAN 2021
Aviva Investors has named a new global chief to replace Euan Munro with immediate effect. Aviva announced the appointment of Mark Versey as chief executive of Aviva Investors, saying it is an important step in the delivery of the group's new strategy. ...

Super underperformance needs to be addressed: Research

ELIZA BAVIN  |  TUESDAY, 5 JAN 2021
Despite criticism from superannuation funds over the governments' new super fund performance benchmarks, Rainmaker research shows there is an underperformance challenge that needs to be confronted. The Rainmaker 2020 Superannuation Benchmarking ...

Real AM considers listing new REIT

ELIZA BAVIN  |  WEDNESDAY, 23 DEC 2020
Real Asset Management (RAM) said it is considering listing an essential services REIT on the ASX next year after acquiring three regional hospitals for $100 million. The hospitals, previously owned by Canada's Northwest Healthcare Properties, include ...

Future Super cuts fees

ELIZABETH MCARTHUR  |  WEDNESDAY, 23 DEC 2020
Future Super has gifted its members a fee cut for the holidays, with fees set to reduce over all of the ethical super fund's investment options. The admin fee on the fund's Balanced Index option is reducing from 0.65% per annum to 0.554% per ...

Former adviser pleads guilty to theft, dishonesty

KANIKA SOOD  |  TUESDAY, 22 DEC 2020
A former financial adviser and company director will be sentenced on April 30 after pleading guilty to charges relating to mishandling of client money in an IPO. Keith James Flowers (formerly Nigel Flowers) pled guilty to one charge each of dishonesty ...

ASIC takes action against La Trobe Financial

ELIZABETH MCARTHUR  |  MONDAY, 21 DEC 2020
ASIC has commenced proceedings, seeking a civil penalty against La Trobe Financial, but the latter plans to fight the claims. The regulator has taken issue with La Trobe Financial's 90 Day Notice Account and Classic 48 Hour Account. The two funds ...

Almost 3000 advisers gone in 2020

ELIZABETH MCARTHUR  |  FRIDAY, 18 DEC 2020
A total of 2802 financial advisers have departed the industry in 2020, with just 60 new advisers joining, according to Rainmaker analysis of the Financial Adviser Register. AMP Financial Planning lost the most advisers of any AFSL this year, with 323 ...