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Showing 1351 - 1360 of 3938 results for "USI"

Boutique fund manager launches LIT

KARREN VERGARA  |  MONDAY, 29 APR 2019
A boutique fund manager is launching a listed investment trust in a bid to raise $500 million. Regal Funds Management's Regal Investment Fund (RF1) provides exposure to a selection of alternative investment strategies and risk-adjusted absolute ...

Chief economist update: Inflation is dead

BENJAMIN ONG  |  MONDAY, 29 APR 2019
Those were the days my friends, we thought would never end... but they ended. The days when measured inflation would go from minus 3% to plus 14%, give or take, back in the grim old days from the 1950s to the late 1980s are no more. Back then the monetarists ...

Insurance expert joins $33bn super fund

KARREN VERGARA  |  TUESDAY, 23 APR 2019
A $33 billion superannuation fund appointed a group insurance expert as its new head of insurance. Shane Fielding joins Hostplus from insurance broking and consulting firm IFS Insurance Solutions, where he spent nearly 12 years in senior roles. Fielding ...

Colonial First State makes major fee cuts

KANIKA SOOD  |  THURSDAY, 18 APR 2019
Colonial First State has trimmed its platforms fees, in a move it says will save $68 million in annual fees for 500,000 members. The fee reductions apply across its FirstChoice Wholesale, FirstChoice Employer Super and FirstWrap Plus platforms. They ...

NPP chair breaks down rollout

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 APR 2019
Former Commonwealth Bank and Westpac chief information officer Bob McKinnon is tasked with the tough job of chairing the New Payments Platform (NPP) through its rollout. McKinnon was made chair at the end of January this year. In March, the RBA revealed ...

Citi to pay $3m in advice remediation

HARRISON WORLEY  |  TUESDAY, 16 APR 2019
Citigroup will pay more than $3 million to remediate customers who received general financial advice, believing it to be personal advice. The group must refund 114 retail customers for losses they incurred after investing in structured Citigroup products ...

APRA to up the ante

HARRISON WORLEY  |  TUESDAY, 16 APR 2019
APRA's new enforcement strategy will see it toughen up, but its safety-first approach will be retained. The prudential regulator released its new enforcement strategy alongside the enforcement review that commenced in November after its enforcement ...

Australian fund caught in email scandal

ELIZABETH MCARTHUR  |  FRIDAY, 12 APR 2019
The board of a $5 billion Australian government fund, run by several former investment bankers, has been admonished for using non-official email accounts to conduct business with political and commercial sensitivities. The Auditor General said some ...

Superannuation Guarantee continues to fail employees: Report

KARREN VERGARA  |  THURSDAY, 11 APR 2019
A new study debunks the myth that blue-collar workers are the occupational group most likely not to receive their superannuation entitlements. Using ATO data from 2015/16, Mercer's Unsupered report reveals of the 397,900 salaried employees who are ...

Government bans superannuation funds treating employers

KARREN VERGARA  |  WEDNESDAY, 10 APR 2019
New legislation has put an end to trustees incentivising employers to appoint them as their default superannuation fund. Part of the Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No 1) Bill 2019 bans ...