Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1551 - 1560 of 6427 results for "PAC"

Mercer restructures fees, asset allocation

KARREN VERGARA  |  TUESDAY, 1 DEC 2020
Mercer is introducing a series of changes to its default and lifecycle products, which includes slashing administration fees and simplifying fee structures. From 1 April 2021, Mercer Super Trust will drop two sets of headline admin fees. MySuper members ...

NZ Super, Ontario Teachers' acquire healthcare provider

ANNABELLE DICKSON  |  TUESDAY, 1 DEC 2020
The sovereign wealth fund and Canadian pension fund have acquired New Zealand's largest provider of pathology services. NZ Super Fund and Ontario Teachers' Pension Plan have acquired a 50% stake each in Asia Pacific Healthcare Group (APHG). The transaction ...

COVID-19 upends business travel, technology

KARREN VERGARA  |  MONDAY, 30 NOV 2020
The leaders of major organisations will travel less and accelerate digital transformation ahead of other investments thanks to the way COVID-19 has disrupted operations, a Westpac survey found. Over 110 chief executives canvassed in Westpac's Asia ...

Magellan adds to board

ANNABELLE DICKSON  |  MONDAY, 30 NOV 2020
Magellan Financial Group has welcomed a non-executive director with extensive experience in the retail industry to its board. Colette Garnsey has over 40 years' experience in retail, marketing and distribution and is currently the chair of Australian ...

Aussies won't top-up ERS losses

ELIZABETH MCARTHUR  |  MONDAY, 30 NOV 2020
New research reveals that less than half of the Australians that withdrew their super this year plan to direct tax savings towards replacing it. Research from Colonial First State, which looked at a sample of 2000 Australians, found that 16% had withdrawn ...

ERS costs big super funds

ELIZA BAVIN  |  MONDAY, 30 NOV 2020
As applications for the early release of super (ERS) scheme slow down, the nation's biggest funds have taken the brunt of the payments. Of the $36 billion paid out so far, the 10 funds with the highest number of applications received from the ATO have ...

Your Future, Your Super reforms closer to legislation

KARREN VERGARA  |  FRIDAY, 27 NOV 2020
The federal government has released its draft legislation for the Your Future, Your Super reforms, opening the industry consultation period until December 24. The package of reforms, which was unveiled in the 2020-21 budget, has four main components ...

Lendlease CFO leaves for competitor

KANIKA SOOD  |  THURSDAY, 26 NOV 2020
An $11 billion market cap property giant has hired Lendlease's chief financial officer as its next chief executive and managing director. Stockland has named Tarun Gupta to the role, effective 1 June 2021. Gupta succeed Mark Steinert who has held the ...

Wells Fargo sets sights on Aussie super

ELIZA BAVIN  |  WEDNESDAY, 25 NOV 2020
Wells Fargo Asset Management is gearing up to make its mark on the Australian superannuation system, confirming to Financial Standard that it has been in discussions with major super funds. Wells Fargo head of international distribution Deirdre Flood ...

Retail superannuation funds grilled on member priorities

KARREN VERGARA  |  TUESDAY, 24 NOV 2020
A parliamentary inquiry has again cast doubt over retail superannuation funds' ability to put the best financial interests of members ahead of profit and shareholders. The most recent Standing Committee on Economics into super heard instances of ...