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Showing 1511 - 1520 of 7099 results for "June 2016"

New year, new chief for Aviva Investors

ELIZA BAVIN  |  WEDNESDAY, 6 JAN 2021
Aviva Investors has named a new global chief to replace Euan Munro with immediate effect. Aviva announced the appointment of Mark Versey as chief executive of Aviva Investors, saying it is an important step in the delivery of the group's new strategy. ...

ASIC slams auditors

KARREN VERGARA  |  WEDNESDAY, 23 DEC 2020
The corporate regulator has lambasted the major auditors for sloppy work, and poor governance and accountability practices. A sample of audits for the six months to June 2020 questions the quality and integrity of audit services. In aggregate, ASIC ...

Former adviser pleads guilty to theft, dishonesty

KANIKA SOOD  |  TUESDAY, 22 DEC 2020
A former financial adviser and company director will be sentenced on April 30 after pleading guilty to charges relating to mishandling of client money in an IPO. Keith James Flowers (formerly Nigel Flowers) pled guilty to one charge each of dishonesty ...

APRA Connect to go live in 2021

KARREN VERGARA  |  TUESDAY, 22 DEC 2020
APRA has recommenced work on its data-collection project, which will go live in September 2021. Web-based platform APRA Connect ultimately replaces Direct to APRA (D2A) as the data collection tool. The test environment will kick off from June 2021. ...

Lonsec increases allocation to Talaria

ELIZABETH MCARTHUR  |  MONDAY, 21 DEC 2020
Lonsec Investment Solutions increased its investment in the Talaria Global Equity Fund. The new allocation will impact Lonsec's retirement model portfolios. The allocations are across their conservative, balanced and growth portfolios. "The Lonsec retirement ...

New heatmap shames trustees

KARREN VERGARA  |  FRIDAY, 18 DEC 2020
The same underperforming and costly MySuper products APRA named and shamed last year have failed members again in the latest iteration of the heatmaps. APRA is taking action on 10 MySuper products overseen by eight trustees. It will issue notices for ...

Chief economist update: Government spending made money, saved money

BENJAMIN ONG  |  FRIDAY, 18 DEC 2020
The Morrison government has released its Mid-Year Economic Financial Outlook (MYEFO), proving the old saying 'You must spend money to make money' right. This quote, generally attributed to Roman playwright, poet and philosopher Titus Maccius ...

Industry fund called out over board diversity initiatives

KARREN VERGARA  |  THURSDAY, 17 DEC 2020
The industry superannuation fund with the highest percentage of women membership has been called out for not prioritising board diversity initiatives in the companies it invests in. Rest, with 1.8 million members of which 60% are women, was grilled ...

Household wealth hits record high

ELIZA BAVIN  |  THURSDAY, 17 DEC 2020
The COVID-19 pandemic has led to household wealth hitting a record high as Australians stashed their cash during a year plagued with volatile markets and an economic shutdown. Total household wealth increased 1.7% to a record high of $11.35 trillion ...

Active manager winning streak short lived

KARREN VERGARA  |  WEDNESDAY, 16 DEC 2020
Persistence isn't key for many active fund managers, as a new report finds their ability to consistently beat benchmarks and stay in the top quartile is fleeting. The S&P Dow Jones Indices' biannual report found only a small number of outperforming ...