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Showing 1551 - 1560 of 9740 results for "Major"

Future Fund becoming more expensive to operate

KARREN VERGARA  |  THURSDAY, 28 OCT 2021
... the Future Fund charge significantly more. Currently, MySuper has a total cost ratio of 1.07% on average (see Figure 1). A major super fund like AustralianSuper charges 0.8% while some charge even less. Industry Super Australia argues that the establishment ...

AFA shuffles board, names new president

KARREN VERGARA  |  THURSDAY, 28 OCT 2021
... advocacy on behalf of the AFA as the Royal Commission reforms have continued unabated and the COVID-19 pandemic created major operational challenges for the AFA and its members. "As vice president, I had a unique insight into how the passion and absolute ...

HESTA pushes for net zero legislation

KARREN VERGARA  |  FRIDAY, 22 OCT 2021
... chief executive Debby Blakey called on the government to act and legislate a net zero by 2050 target or else miss out on major investments from global capital markets that are keeping climate change risks at the forefront. "Those countries and companies ...

Better Advice Bill gets green light

KARREN VERGARA  |  FRIDAY, 22 OCT 2021
... find them in today." Financial Planning Association of Australia chief executive Dante De Gori said this bill is the last major recommendation from the Hayne Royal Commission related to the provision of financial advice. "Whilst this legislation now ...

Fed to ban policymakers stock, bond trading

JAMIE WILLIAMSON  |  FRIDAY, 22 OCT 2021
... rules are expansive and are designed to place the Federal Reserve's investment and trading rules at the forefront among major federal agencies," the central bank said. "These tough new rules raise the bar high in order to assure the public we serve ...

Macquarie AM acquires alternative investment group

ELIZABETH MCARTHUR  |  FRIDAY, 22 OCT 2021
... continue to offer best-in-class alternative investments and clients will benefit from the added resources, depth and scale of a major global financial institution," he said. "The asset management industry is rapidly evolving, and individual investor ...

Pinnacle backs investment platform

ELIZABETH MCARTHUR  |  FRIDAY, 22 OCT 2021
... financial advice sector. "With the introduction of increased regulation post the Hayne Royal Commission, the exit of the major banks from the wealth management sector and the ongoing reductions in the number of licensed advisers, there is a growing "advice ...

Ex-Pengana staff launch boutique

KARREN VERGARA  |  THURSDAY, 21 OCT 2021
... founder-led and employee-owned company in which staff invests alongside clients. He declined to comment if the firm has major backers and shareholders. "We wanted to align our interests with our clients' interests. One of the ways we could do that is ...

Industry funds partner with AMP Capital

ELIZABETH MCARTHUR  |  THURSDAY, 21 OCT 2021
Cbus Property and UniSuper have invested with the AMP Capital Retail Trust, as AMP Capital demerges its private markets business, making a $2.2 billion move in the retail space. The two industry funds have taken majority ownership of Pacific Fair in ...

Default MySuper fees drop to 1%: Rainmaker

JAMIE WILLIAMSON  |  WEDNESDAY, 20 OCT 2021
... increased, particularly after the record-breaking returns most super funds saw last year. With investment costs being a major contributor to overall fees, Rainmaker predicts continued pressure to keep fees low will see super funds rethinking their investment ...