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Showing 1461 - 1470 of 4836 results for "EAC"

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 ...

Adviser banned for five years

ELIZA BAVIN  |  TUESDAY, 26 MAY 2020
A financial adviser who cycled through seven AFSLs in nine years has been banned after ASIC found he provided poor SMSF advice and based insurance advice on the commission he'd receive. The five-year ban follows ASIC surveillance of advice provided ...

Super not sacred: Rice Warner

HARRISON WORLEY  |  MONDAY, 25 MAY 2020
Rice Warner founder Michael Rice has warned the superannuation industry to prepare for the government using the system as a means of repaying its stimulus debt, saying super won't be as sacred as it has been in the past. Rice has warned the superannuation ...

Create coalitions for change: Martin Currie

ALLY SELBY  |  MONDAY, 25 MAY 2020
The $20 billion equity specialist has called on asset managers to create "coalitions" to drive change; developing constructive relationships with companies for a more sustainable future. Martin Currie chief executive Julian Ide highlighted the value ...

First Sentier rejigs executive lineup

KANIKA SOOD  |  MONDAY, 25 MAY 2020
First Sentier has appointed a managing director for Australia and New Zealand, alongside other departures and appointments in its global executive lineup. The business's chief investment officer for equities David Dixon is retiring while global ...

Blame put on businesses for JobKeeper error

ELIZA BAVIN  |  MONDAY, 25 MAY 2020
Treasury and the Australian Taxation Office have issued a joint statement in relation to the reporting error in the estimates of the number of employees likely to access the JobKeeper program. The enrolment forms completed by over 910,000 businesses ...

Switching prompts fund to alter allocations

ELIZABETH MCARTHUR  |  FRIDAY, 22 MAY 2020
Qantas Super has altered asset allocations across all its investment options in response to COVID-19, market volatility and a high number of members switching options. The $8.5 billion corporate superannuation fund said that the changes would improve ...

From fines to prosecution: The penalties are in

ELIZA BAVIN  |  THURSDAY, 21 MAY 2020
The Australian Taxation Office has provided insight as to the penalties that will apply to Australians who have accessed the Early Release of Super scheme despite not being eligible. The ATO has urged all Australians to carefully review the eligibility ...

Sentiment weakens as macro threats loom

ALLY SELBY  |  THURSDAY, 21 MAY 2020
With investors caught in a nasty tug of war between the dire economic reality and the hope of a virus cure, industry leaders have warned of the potential for further downside. And with macro threats looming, markets, already fragile from a period of ...

US pension funds approach point of no return

JAMIE WILLIAMSON  |  THURSDAY, 21 MAY 2020
A new report ranking US public pension funds by their ability to pay future benefits suggests several will likely go insolvent as a result of COVID-19. The issues facing public pension funds in the US are widely known, and while it's not clear how ...