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Showing 1411 - 1420 of 8397 results for "OPT"

New rules on the way for BNPL sector

JAMIE WILLIAMSON  |  TUESDAY, 22 NOV 2022
The government is looking to implement stricter regulation for the buy now, pay later industry, releasing an options paper for consultation. According to minister for financial services Stephen Jones, the number of active BNPL accounts grew from five ...

Super fund overhauls investment direction

JAMIE WILLIAMSON  |  MONDAY, 21 NOV 2022
Professional Super will soon change the way its funds are invested, in a move expected to improve member outcomes. It will also introduce a loyalty program to help members save on fees. The fund, which is a sub-plan of the Tidswell Master Trust and ...

Industrial property ensures big wins for TelstraSuper

ELIZABETH FRY  |  MONDAY, 21 NOV 2022
TelstraSuper investment chief Graeme Miller says exposure to industrial property delivered bumper returns for the superannuation fund as the boom in online shopping drove up values. The unlisted property sector makes up about 11% of the super fund's ...

Colonial First State launches sustainable growth fund

CHLOE WALKER  |  MONDAY, 21 NOV 2022
Colonial First State (CFS) says its new sustainable growth fund has been designed to remove barriers to investing sustainably. The product, Thrive+, was developed after CFS commissioned a study of nearly 5000 Australians and found that of the respondents ...

Link Group offloads PEXA stake

ANDREW MCKEAN  |  MONDAY, 21 NOV 2022
Link Group has sold 10% of its existing 42.77% shareholding in PEXA Group for $101.9 million, with the net proceeds to be used to pay down debt. The PEXA selldown was executed at $13.50 per share; settlement is expected to occur on November 23. The ...

Super funds told to report asset valuations more frequently

ANDREW MCKEAN  |  FRIDAY, 18 NOV 2022
APRA has released updated guidance on investment governance for superannuation trustees. The update, which comes into effect in January of next year, is designed to assist trustees in meeting their requirements under the recently strengthened Prudential ...

Insignia revamps wrap platform

ANDREW MCKEAN  |  MONDAY, 14 NOV 2022
Insignia Financial has made enhancements to its advised super, pension, and investment Expand wrap products, affording financial advisers greater management flexibility. As part of its simplification and transformation program, Insignia has introduced ...

Man GLG launches Asia Opportunities Fund

CASSANDRA BALDINI  |  MONDAY, 14 NOV 2022
Man Group's discretionary investment manager has launched an Asia Opportunities Fund in response to market demand. The Man GLG Asia Opportunities Fund applies a concentrated long-only strategy that is style agnostic. It will invest in equities either ...

ANZ to pay $42m in insurance lawsuit

CASSANDRA BALDINI  |  MONDAY, 14 NOV 2022
ANZ has agreed to pay $42 million to settle a class action regarding consumer credit insurance (CCI) products. Commonwealth Bank has also reached a settlement for a similar matter. Slater and Gordon filed the class action against ANZ, OnePath Life ...

Experts weigh in on Brookfield bid for Origin

RACHEL ALEMBAKIS  |  FRIDAY, 11 NOV 2022
Super funds and other shareholders could be in a position for a second time this year to approve a proposal to privatise an electricity provider, as Brookfield and MidOcean Energy bid to take over Origin Energy. Brookfield and MidOcean, an LNG company ...