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Showing 1401 - 1410 of 6356 results for "ALR"

To keep or not to keep JobKeeper

BENJAMIN ONG  |  MONDAY, 15 FEB 2021
"Never ask a barber if you need a haircut," Warren Buffett once famously advised. The barber's nod will invariably be met with opposition from shampoo manufacturers. Such is the divide between the Morrison government (the barber) and labour unions ...

Wage subsidy to rescue advice industry

ELIZABETH MCARTHUR  |  FRIDAY, 12 FEB 2021
With just 65 new names appearing on the ASIC Financial Adviser Register in 2020, the rapid decline in adviser numbers has industry experts calling for a wage subsidy to incentivise advice practices to take hire graduates. In its pre-Budget submission ...

Magellan performance fees dip 70%

KANIKA SOOD  |  THURSDAY, 11 FEB 2021
Magellan reported a small increase in its net profits, despite a 70% drop in performance fees and a stronger Australian dollar. Net profit after tax for the six months ending December 2020 was $202 million, up 3% from the same period in 2019. Total ...

The trouble with best financial interests duty

KARREN VERGARA  |  WEDNESDAY, 10 FEB 2021
The best financial interests duty reform has major loopholes and lacks guidance from regulators, leading to major confusion for superannuation trustees. The fourth element of the proposed Your Future, Your Super reforms should be abandoned, according ...

BlackRock appoints APAC lead

JAMIE WILLIAMSON  |  WEDNESDAY, 10 FEB 2021
BlackRock has named a new chair and head of Asia Pacific, as Geraldine Buckingham moves into an advisory role. Currently head of Europe, the Middle East and Africa, Rachel Lord will take over from Buckingham in May of this year. Buckingham, who has ...

Rest extends State Street relationship

KANIKA SOOD  |  WEDNESDAY, 10 FEB 2021
The $59 billion industry fund has mandated its custodian State Street to streamline operations in its investment portfolio. Rest will implement Charles River Development Investment Management Solution (IMS) for in-house investments and 'whole-of-fund' ...

No tech bubble: BlackRock

ELIZABETH MCARTHUR  |  TUESDAY, 9 FEB 2021
BlackRock's macro research team has revealed the $8.7 trillion asset manager is continuing to favour the technology sector going into 2021. "The pandemic has turbocharged transformations that were already underway - from sustainability to inequality. ...

Iron Man launches VC funds

KARREN VERGARA  |  TUESDAY, 2 FEB 2021
Actor Robert Downey Jr has launched two venture capital funds that invest in technological solutions that tackle environmental challenges. FootPrint Coalition Ventures comprises two funds - an early-stage Series A and late-stage Series B - led by Downey ...

Super fund ESG targets lack clarity: ACCR

RACHEL ALEMBAKIS  |  MONDAY, 1 FEB 2021
Superannuation funds need to set clear, transparent emissions reduction targets for their investment portfolios that are based on metrics that can be compared across the industry, according to recommendations from the Australasian Centre for Corporate ...

Centuria spends big ahead of fund launch

ELIZA BAVIN  |  FRIDAY, 29 JAN 2021
Centuria Capital Group has announced three new acquisitions for its unlisted fixed term Centuria Industrial Income Fund set to launch next week. The three industrial properties are worth a collective $62.5 million and provide a 9.1-year portfolio Weighted ...