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Showing 1241 - 1250 of 4503 results for "Reach"

Frydenberg unveils Retirement Income Review

KARREN VERGARA  |  FRIDAY, 20 NOV 2020
... increase takes place," he said. The SG is meant to increase from 9.5% to 10% on 1 July 2021. On 1 July 2025, it is slated to reach 12%. The coronavirus has sent shock waves that have impacted wages, the economy, and labour markets, he said, adding that ...

Clime to wind up Australian value fund

KANIKA SOOD  |  TUESDAY, 17 NOV 2020
... and nature of the overall impact on the fund. "In this environment it is considered that it is unlikely that the fund will reach sufficient scale to be economically viable and as such, the purpose of the fund (being to outperform its performance benchmark ...

Industry fund introduces tax incentive

KARREN VERGARA  |  TUESDAY, 17 NOV 2020
... invested by opening a Super Stream account-based pension, rather than withdrawing their retirement savings as soon as they reach their preservation age," he said. Separately, the nearly $3 billion super fund will switch to daily unit pricing from December ...

World largest asset owners increase ESG, AUM

ANNABELLE DICKSON  |  TUESDAY, 17 NOV 2020
The largest asset owners in the world have increased both their monetary and social reach with active ownership becoming a key investment strategy, according to new research. The Thinking Ahead Institute's Asset Owner 100 (AO100) report shows the largest ...

Fake tax agent penalised

ANNABELLE DICKSON  |  WEDNESDAY, 11 NOV 2020
The Federal Court of Australia has fined a woman $40,000 for providing illegitimate tax agent services for four years. Arlene Caolboy was fined $40,000 after she was found to have provided tax agent services to 350 taxpayers over the last four years ...

Channel Capital in management buyout

KANIKA SOOD  |  TUESDAY, 10 NOV 2020
The Sydney multi-boutique is bidding farewell to its minority equity partner Highbury Partnership, as it enlists a new passive investor to bring ownership back to the management. Highbury invested about $15 million in Channel Capital in 2017 when the ...

Franklin Templeton shuffles distribution team

ELIZABETH MCARTHUR  |  MONDAY, 9 NOV 2020
... lessons that can be shared globally, particularly around our world-class retirement system," Harrison said. "Global scale and reach are important, but this becomes even more powerful when combined with local market insights and expertise."

Financial services complaints rise

ELIZA BAVIN  |  MONDAY, 9 NOV 2020
... Locke said AFCA was able to resolve the majority of complaints quickly, with complaints taking an average of 73 days to reach an outcome. "Speedy resolution allows consumers to get on with their lives, and AFCA's process is designed to support all parties ...

Pengana shutters income-focused fund

KANIKA SOOD  |  THURSDAY, 5 NOV 2020
Pengana Capital will wind up an income-focused Australian equities fund, as it underperforms and the income opportunities in ASX stocks shrink. The Pengana Australian Equities Income Fund invested in 20 to 40 ASX-listed companies, with a focus on income. ...

Super funds overlook VC potential

KARREN VERGARA  |  WEDNESDAY, 4 NOV 2020
... reported that Hostplus was tipped to become the largest investor in venture capital in Australia, with assets estimated to reach $1 billion. Hostplus chief investment officer Sam Sicilia at the time highlighted the super fund's appetite for venture ...