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Showing 1371 - 1380 of 5334 results for "Third"

Government announces fresh crackdowns on foreign investments

ALLY SELBY  |  FRIDAY, 5 JUN 2020
... requisite penalties to ensure compliance and we also need to have the resources in place to monitor and ensure compliance." The third reform to foreign investment is set to streamline the approval process for passive investments from foreign governments ...

MySuper goes back-to-back in the black

HARRISON WORLEY  |  THURSDAY, 4 JUN 2020
For the second consecutive month, Australia's MySuper options have generated positive returns, after a couple of negative months due to the COVID-19 pandemic. Latest Rainmaker research shows the average return for MySuper products in May was 2.1%, which ...

Magellan to use BasisCode for trading compliance

KANIKA SOOD  |  TUESDAY, 2 JUN 2020
... Trading Manager delivers code of ethics and workflow support integrated into a firm's compliance monitoring system. The third product, the BasisCode Insider Trading Manager enables users to detect suspicious or abnormal trading which may have resulted ...

Super withdrawals being misused

ELIZABETH MCARTHUR  |  MONDAY, 1 JUN 2020
... people to access their super. The data also revealed how the Early Release ofSuper payments are being spent, finding that a third of the money was used up in the first two weeks. Most of the money, 64%, appears to have been spent on discretionary items ...

State Street rejigs international equities fund

KANIKA SOOD  |  MONDAY, 1 JUN 2020
... Australia Select ESG Low Carbon Integrated Index to MSCI World ex Australia Index, with net dividends reinvested. This is the third benchmark change in the fund's four year life. The fees remain the same at 24 bps per year. The Fund will also allocate ...

IRESS advances surprise bid for OneVue

KANIKA SOOD  |  MONDAY, 1 JUN 2020
... scheme of implementation is subject to conditions but not to financing. Implementation of the transaction is expected in third quarter this year after shareholder, regulatory and other approvals. "With structural shifts and changing market dynamics ...

IOOF to provide fee relief to adviser network

ELIZA BAVIN  |  THURSDAY, 28 MAY 2020
IOOF has announced a new initiative that will see its network of financial advisers offer free financial guidance to local communities until the end of September. IOOF said it is providing fee relief to its advisers to volunteer 60 hours of their time ...

Super escapes COVID-19 hit

HARRISON WORLEY  |  WEDNESDAY, 27 MAY 2020
Latest data from APRA shows that the superannuation sector has withstood the worst of the COVID-19 financial crisis, falling just 0.3% in a year while bolstering cash reserves. The prudential regulator's latest quarterly superannuation statistics ...

Ignorance isn't bliss in super: Research

ALLY SELBY  |  MONDAY, 25 MAY 2020
... their super funds would automatically de-risk to protect members from losses during a drawdown. More concerning still, a third believed that their super fund manages their investments based upon their personal circumstances, while more than one in five ...

VFMC appoints head of equities

KANIKA SOOD  |  FRIDAY, 22 MAY 2020
... Lingaretnam will join as a senior portfolio manager (external mandates) on May 25 and report to Stavropoulos. VFMC manages about a third of its equities in-house. "We are very pleased to see Michael join our investment leadership team as part of his ...