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Showing 1431 - 1440 of 6238 results for "MER"

Morningstar launches fee comparison tool

KARREN VERGARA  |  FRIDAY, 9 JUL 2021
... of these changes, Morningstar said it will cease using the labels indirect cost ratio (ICR) and management expense ratio (MER), which it deems are legacy terms. Morningstar head of product and client solutions Graham Dixon said TCR takes RG97 further ...

New shareholder at Challenger

KANIKA SOOD  |  THURSDAY, 8 JUL 2021
Will Vicars' Caledonia has sold its 15% stake in annuities giant Challenger to Athene Holding Limited and Apollo Global Management. Athene and Apollo, which are set to merge, now own 18% or $720 million of Challenger shares. Of this, 3% is subject ...

AustralianSuper names next merger partner

JAMIE WILLIAMSON  |  TUESDAY, 6 JUL 2021
AustralianSuper is working on its next merger, this time with a 43-year-old industry fund. The nation's largest super fund has signed a Memorandum of Understanding to merge with LUCRF Super, the Labor Union Cooperative Retirement Fund. Established ...

More advisers exit in June

KARREN VERGARA  |  MONDAY, 5 JUL 2021
Some 450 financial advisers left the industry in the last month of the financial year, taking the total population to 19,544, latest ASIC data shows. As at July 1, AMP Financial Planning finished the financial year with 690 advisers, while The SMSF ...

QSuper, IFM bid for Sydney Airport

ANNABELLE DICKSON  |  MONDAY, 5 JUL 2021
A consortium made up of QSuper, IFM Investors and Global Infrastructure Management has announced a takeover bid for Sydney Airport. The unsolicited, indicative, conditional and non-binding proposal is offering $8.25 per share which equates to a 42% ...

Alphinity adds to global equities team

ANNABELLE DICKSON  |  MONDAY, 5 JUL 2021
Alphinity Investment Management has appointed a portfolio manager from Global Evolution Capital to its global equities team, alongside former Ellerston executive Mary Manning. Trent Masters founded Global Evolution Capital in 2019 and managed a global ...

FEAL welcomes new board directors

JAMIE WILLIAMSON  |  FRIDAY, 2 JUL 2021
The chief executives of Funds SA and BUSSQ have joined the board of the Fund Executives Association Ltd, replacing two long-serving directors. Effective July 1, Funds SA chief executive Jo Townsend and BUSSQ chief Damian Wills are now directors on the ...

Aware Super adds to board

ANNABELLE DICKSON  |  FRIDAY, 2 JUL 2021
The $145 billion superannuation fund has welcomed a new director following the retirement by rotation of longstanding director Rosemary Kelly. Angela Nigro has joined the Aware Super board, having been nominated by the Health Services Union. Nigro is ...

Hostplus announces board shakeup

KARREN VERGARA  |  THURSDAY, 1 JUL 2021
Three board members of the industry superannuation fund have been replaced after one director faced mounting pressure to step down due to his links to the coal industry. Independent director Peter Collins, employer directors Mark Robertson and Mark ...

IOOF hires from AustralianSuper

ELIZABETH MCARTHUR  |  THURSDAY, 1 JUL 2021
AustralianSuper's head of product and pricing has made the jump to a new role at IOOF. Sarah Burley has commenced as chief member officer at IOOF Holdings. Burley had a 15-year career at AustralianSuper in roles including head of group strategy ...