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Showing 121 - 130 of 37965 results for %22Australia%22

CSLR kicks off, 2k await compensation

KARREN VERGARA  |  TUESDAY, 2 APR 2024
... CSLR expects to pay 129 claims for this period, of which 86 relate to Dixon Advisory. The Financial Advice Association Australia (FAAA) slammed the CSLR levy as 15,624 registered advisers will have to fork out about $1200 each. Berry said: "I totally ...

Legalsuper names chief investment officer

JAMIE WILLIAMSON  |  THURSDAY, 28 MAR 2024
... management. He's also previously worked at Macquarie and Bankers Trust and spent three years at the Reserve Bank of Australia as an analyst. The fund said Murray's role "is central to the future strategic direction of the fund," adding that his experience ...

Infrastructure a foundational portfolio asset class: IFM Investors

ANDREW MCKEAN  |  THURSDAY, 28 MAR 2024
Infrastructure should be considered as an equally vital asset class for institutional investors as traditional asset classes, according to the latest annual IFM Investors Infrastructure Outlook. Although infrastructure has a proven track record as a ...

Indigenous communities reunited with $25m in lost super

JAMIE WILLIAMSON  |  THURSDAY, 28 MAR 2024
The total superannuation found by First Nations Foundation on behalf of Indigenous Australians now comes in at $25.2 million. In 2023, the foundation reconnected First Nations people with $1.2 million, bolstering the total found. The superannuation ...

AFCA flags legal uncertainty on SMSF wholesale test

KARREN VERGARA  |  THURSDAY, 28 MAR 2024
Financial advisers must be mindful of the "legal uncertainty" that exists when applying the appropriate wholesale test on self-managed super funds (SMSF), according to the Australian Financial Complaints Authority (AFCA). AFCA senior ombudsman Alex ...

Best super fund products revealed

ANDREW MCKEAN  |  WEDNESDAY, 27 MAR 2024
The best superannuation fund products, based on factors such as investment performance, insurance, fees, and organisational strength, have been named. Rainmaker Information awarded its annual "symbol of excellence" AAA Quality Rating to 48 super funds ...

Platinum bleeds $1.4bn in outflows

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2024
Platinum Investment Management flags it will lose at least $1.4 billion as a partial redemption from institutional clients over the next month, translating to an $18 million hit to revenue. One large client told the fund manager that it intends to rebalance ...

Jo Townsend named chief executive of NZ Super

ELIZABETH FRY  |  WEDNESDAY, 27 MAR 2024
... her career, she held investment roles at NGS Super, Retirement Benefits Fund, Value Capital Management and Rothschild Australia Asset Management. Williamson thanked Steed for her efforts in maintaining momentum on key strategic initiatives. Global SWF ...

QMV Legal folds, managing partner to launch new firm

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2024
... quite a natural fit or aligned to our role as the data and technology partner to the superannuation and wealth sector in Australia. After careful review and in collaboration with the QMV Legal senior team, we have mutually agreed that the best option ...

Vanguard lowers management fees

ELIZA BAVIN  |  WEDNESDAY, 27 MAR 2024
Vanguard Australia has reduced the management fee for the Vanguard Australian Government Bond (VGB) Index ETF by four basis points from 0.20% to 0.16% per annum, effective today. This latest fee reduction follows two fee decreases introduced this time ...