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Showing 1591 - 1600 of 6021 results for "Credit"

New super benchmarking flawed: Rice Warner

ELIZA BAVIN  |  THURSDAY, 29 OCT 2020
The government's new Your Future, Your Super investment performance benchmarking is flawed and will have unintended consequences, according to Rice Warner. Rice Warner said the proposed package to implement some of the recommendations by the Productivity ...

ANZ sees profits plummet, plans to exit thermal coal

ANNABELLE DICKSON  |  THURSDAY, 29 OCT 2020
... of the pandemic, reporting a 42% loss on cash profit in its full year results as it tries to protect itself from future credit losses. It has also updated its climate policy, saying it will exit thermal coal by 2030. The bank's cash profit fell to ...

Magellan's largest client asked to review costs

KANIKA SOOD  |  WEDNESDAY, 28 OCT 2020
... shareholder is asking for a cost review at Magellan's biggest client, St James Place. But the risk to Magellan is low, says Credit Suisse. The UK wealth manager has been using Magellan's strategies since 2011 and was its first overseas client. It now ...

Northern Trust scores win in Vanguard reversal

KANIKA SOOD  |  WEDNESDAY, 28 OCT 2020
... swapped out Vanguard Investments Australia for Northern Trust. The change is across three asset classes: international credit, sovereign bonds and global equities. The allocations sit in multi-asset funds and some standalone funds from ANZ Investments ...

DDO top of ASIC's agenda

ELIZA BAVIN  |  TUESDAY, 27 OCT 2020
... October next year as a result of COVID-19 but ASIC said it is top of the priority list for 2021. Speaking to the annual Credit Law Conference, ASIC commissioner Sean Hughes said DDO reforms remain a top priority for the regulator. "The design and distribution ...

Rest increases admin fees

JAMIE WILLIAMSON  |  MONDAY, 26 OCT 2020
Members of the $54 billion industry super fund will see their administration fees go up next month and will no longer see the benefit of tax deductions related to insurance premiums. Rest has notified members their admin fees will rise from November ...

ASIC to curb huge CFD losses

KARREN VERGARA  |  FRIDAY, 23 OCT 2020
The corporate regulator is stepping in to prevent retail investors losing millions of dollars from trading highly risky contract for difference (CFDs) instruments. ASIC has imposed a product intervention order on the issue and distribution of CFDs effective ...

Alternatives win big mandates

KARREN VERGARA  |  THURSDAY, 22 OCT 2020
... experiencing a 56% surge in mandates - the highest on record. IFM Investors (5), Wilshire (4), Ardea Investment Management (4) and Credit Suisse (4) won the most mandates in the alternatives asset class. Equities took 28% of the mandates, while bonds ...

Industry fund updates investment fees

ELIZA BAVIN  |  THURSDAY, 22 OCT 2020
... investment fee due to the payment of performance based fees to some of our investment managers. "For example, buying shares and credit at lower prices in March/April 2020 have had a positive impact on fund performance." The Australian shares, bonds and ...

LaSalle joins 2050 club

ELIZA BAVIN  |  TUESDAY, 20 OCT 2020
LaSalle Investment Management is the most recent company to pledge to go carbon neutral by 2050, following in the footsteps of many super funds and investment firms. LaSalle said it has been working across its managed portfolio to improve the sustainability ...