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Showing 1291 - 1300 of 6280 results for "December 17"

Super assets hit record high

KARREN VERGARA  |  WEDNESDAY, 3 MAR 2021
The superannuation sector's assets reached a milestone of $3.04 trillion at the end of 2020. While the investments of superannuation funds copped a beating when the pandemic hit around this time last year, APRA's December 2020 statistics shows ...

Best global equities funds

KANIKA SOOD  |  WEDNESDAY, 3 MAR 2021
BetaShares and Fidelity's funds topped Rainmaker rankings for risk-adjusted returns for global equities funds for the three years ending December 2020. The report, RMetrics, measures over 1100 products. The international equities rankings included ...

Mercer joins net-zero club

ELIZA BAVIN  |  WEDNESDAY, 3 MAR 2021
Mercer Australia has committed to achieve net-zero carbon emissions by 2050 for its Australian funds and the Mercer-managed investment options within Mercer Super. This represents a combined $36.4 billion in assets under management as at 31 December  ...

Aware Super eyes another merger

JAMIE WILLIAMSON  |  TUESDAY, 2 MAR 2021
Aware Super is exploring the possibility of merging with a 63-year-old industry superannuation fund. Aware Super has signed a Memorandum of Understanding with the Victorian Independent Schools Superannuation Fund (VISSF), looking into whether a merger ...

Iress to deliver DDO solution

ANNABELLE DICKSON  |  TUESDAY, 2 MAR 2021
The financial services software company has announced its plans to launch a technological solution to meet the Design and Distribution Obligations (DDO), commencing 5 October 2021. ASIC's RG 274 Product design and distribution obligations aims to ...

T. Rowe Price expands in Asia

ELIZA BAVIN  |  TUESDAY, 2 MAR 2021
T. Rowe Price has expanded its research coverage with the establishment of a new office in Shanghai. The investment firm announced it opened the new research office following the establishment of a wholly foreign-owned enterprise, T. Rowe Price Investment ...

Former Apogee adviser charged with deception

ANNABELLE DICKSON  |  TUESDAY, 2 MAR 2021
Victorian-based Ahmed Saad appeared in court after being charged with dishonestly obtaining financial advantage by deception for his role in an illegal retail superannuation scheme. The Australian Securities and Investments Commission (ASIC) alleges ...

Stimulus, ERS boost financial comfort

ELIZA BAVIN  |  MONDAY, 1 MAR 2021
The government's stimulus spending, and reforms like the early release scheme, have boosted Australian financial comfort to record highs despite the impact of COVID-19. The ME Bank Household Financial Comfort Index improved by 2% to 5.89 out of 10 during ...

Centrepoint Alliance posts $1.6m NPAT

KANIKA SOOD  |  FRIDAY, 26 FEB 2021
Centrepoint Alliance reported $1.6 million in NPAT for the December half, as its total adviser numbers dropped slightly to 308. Gross revenue for the period was $70.6 million up 15% to the six-months ending June. Centrepoint's revenue comes from a mix ...

IOOF to spend big on BOLR

KANIKA SOOD  |  THURSDAY, 25 FEB 2021
IOOF expects to spend up to $32 million on paying out Buyer of Last Resort arrangements with financial advisers leaving its network, primarily from Bridges Financial Services. At its half year results yesterday, IOOF reported an expected BOLR spend ...