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Showing 1691 - 1700 of 8245 results for "June"

APRA closes Westpac probe

ELIZA BAVIN  |  FRIDAY, 12 MAR 2021
... laws. APRA's investigation examined the bank's actions to rectify and remediate the issues after they were identified. In June last year, APRA delegated certain enforcement powers under the Banking Act to ASIC, which was conducting its own investigation ...

Managed accounts FUM inch to $100bn

KARREN VERGARA  |  FRIDAY, 12 MAR 2021
... greater capability," he said. IMAP and Milliman calculated a $15.5 billion rise in managed accounts funds under management from June 2020. Net inflows in the six months to December 2020 was $7 billion. "The investment markets for the second half of 2020 ...

Women boost SMSF balances

ANNABELLE DICKSON  |  WEDNESDAY, 10 MAR 2021
... years. SMSFs make up 26% of all super assets at $733 billion and the establishment of new funds grew 7% in the five years to June 2020. In addition, SMSFs achieved positive returns for the past five years with the estimated return on assets for 2018/19 ...

Women-led super funds outperform

KARREN VERGARA  |  MONDAY, 8 MAR 2021
... Commonwealth Superannuation Corporation, BUSSQ, legalsuper, Club Plus, TelstraSuper, ESSSuper and REI Super. Using APRA's June 2020 data, Rainmaker also delved into the demographics to see which funds have the highest number of female members; young ...

Dover, McMaster hit with $1.4m penalty

KARREN VERGARA  |  FRIDAY, 5 MAR 2021
... potential for the defendants to be punished multiple times for the same underlying misconduct," court documents read. In June 2018, ASIC accepted an enforceable undertaking from Dover and McMaster to leave the financial services industry. Dover has ceased ...

Lonsec chief to exit, chair welcomed

KARREN VERGARA  |  FRIDAY, 5 MAR 2021
... stepped in his place on an interim basis. Lonsec is in the process of recruiting Haynes' role, which he will exit on 30 June 2021.

ASIC takes Statewide Super to court

JAMIE WILLIAMSON  |  THURSDAY, 4 MAR 2021
... Federal Court proceedings against the South Australia-based industry superannuation fund, alleging that between May 2017 and June 2020 the fund sent annual statements and warning letters to about 12,500 members detailing their insurance cover at a time ...

Montgomery launches two global strategies

KARREN VERGARA  |  THURSDAY, 4 MAR 2021
... delivered 16.42% per annum net of fees, while its benchmark MSCI ACWI Net Total Return Index returned 10.77% p.a. Around June 2021, the Polen Capital Global Emerging Markets Growth Fund will launch. This new fund invests in a concentrated portfolio of ...

Australian recovery has been outstanding: La Trobe Financial

ELIZA BAVIN  |  THURSDAY, 4 MAR 2021
... economies going into a freefall. Andrews said despite Australia's GDP "tanking" in March 2020, and then plummeting in June, with the largest quarterly fall in Australian economic history, the rebound has been a classic 'V' shape. "This has ...

Chief economist update: The great Australian rebound

BENJAMIN ONG  |  THURSDAY, 4 MAR 2021
... spend. The household savings ratio fell to 12% in the December quarter from 18.7% in September and a record high of 22.0% in June last year. There's still a lot of consumer spending coming before savings return to its 30-year average of 5.1% Of course ...