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Showing 1671 - 1680 of 7108 results for "December"

Funds' net-zero ambitions collide with Santos

ELIZABETH MCARTHUR  |  WEDNESDAY, 2 DEC 2020
... AustralianSuper, Cbus and CareSuper have all made commitments to have net-zero carbon emission portfolios by 2050. On December 1, Santos made the bold announcement that it would net-zero by 2040. The company's plan involves reducing scope one and ...

Pension plan sued for expensive, active strategy

KARREN VERGARA  |  WEDNESDAY, 2 DEC 2020
... otherwise ratified high cost and poorly-performing investments, instead of offering more prudent alternatives. As at December 2019, the plan had 10,170 participants with assets of about US$784 million. Pension schemes, otherwise known as a 401(k), are ...

Chief economist update: David Australia versus Goliath China

BENJAMIN ONG  |  WEDNESDAY, 2 DEC 2020
The Reserve Bank of Australia (RBA) kept monetary policy unchanged at its December board meeting - the last of 2020 - and for good reason. "In Australia, the economic recovery is under way and recent data have generally been better than expected... ...

Former Cbus chief takes prime role at AMP Capital

KANIKA SOOD  |  WEDNESDAY, 2 DEC 2020
... superannuation fund Cbus's former chief executive David Atkin is joining AMP Capital as its deputy chief executive, effective December 7. "Atkin will assume operational leadership of AMP Capital in an interim capacity until June 2021, while AMP continues ...

APRA takes action against Westpac

JAMIE WILLIAMSON  |  TUESDAY, 1 DEC 2020
... are not acceptable, he added. Meanwhile, APRA's review into Westpac's risk governance is ongoing. Commenced in December 2019, the review came on the back of AUSTRAC's allegations of money laundering. At the time, Westpac was forced to apply ...

Challenger seeks new life chief executive

KANIKA SOOD  |  MONDAY, 30 NOV 2020
... Plater has been the life business' chief executive for four years, when he took over the role from Richard Howes in December 2016. Effective December 7, Plater will move the newly created role of chief executive, operations and technology. The two ...

CFA Societies adds board members, president

ANNABELLE DICKSON  |  MONDAY, 30 NOV 2020
... HESTA chief investment officer Rob Fowler as programming chair. The new appointments will serve a three-year term from December 2020 and will provide strategic direction by coordinating the needs of CFA Societies members. In Sydney, Pendal distribution ...

ASIC takes action against missing woman

ELIZABETH MCARTHUR  |  FRIDAY, 27 NOV 2020
... liquidator to Maliver and a receiver and manager of the property of Caddick. The matter is next before the court on 8 December 2020. ASIC says its investigation is ongoing and it encouraged any person who is concerned they invested with Caddick to contact ...

AMP Capital drops fees on listed property fund

KANIKA SOOD  |  FRIDAY, 27 NOV 2020
... related sectors, is dropping from 0.97% per year in management fees to 0.79% per year. The fund has been running since December 1997 and has returned 6.81% per year which is 0.27% higher than the benchmark, for the platform class and after fees. The ...

ASIC prepares industry for claims handling law

KARREN VERGARA  |  FRIDAY, 27 NOV 2020
... variations for AFSLs from 1 January 2021. The transition period is expected to take place between 1 July 2021 and 31 December 2021.