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Showing 1701 - 1710 of 7871 results for "Board"

Economic recap: Week to October 29

BENJAMIN ONG  |  MONDAY, 1 NOV 2021
... quarter of 2018. New Zealand's central bank raised the official cash rate to 0.5% from 0.25% following its October 6 board meeting, sending the Kiwi stock market down. The NZ Cap 50 index has declined by 2.0% from January to end-October this year. ...

APRA to weed out underperforming choice products

KARREN VERGARA  |  FRIDAY, 29 OCT 2021
... either select other investment options available, join a new fund on their own accord or via an adviser. APRA executive board member Margaret Cole said historically, the choice sector's complexity, variety and sheer volume of options have helped ...

New FSC board appointment

ELIZABETH MCARTHUR  |  FRIDAY, 29 OCT 2021
Bell Asset Management chief executive Nick Fels has joined the board of the Financial Services Council (FSC). Fels has more than 30 years' experience in the financial services industry. He has been chief executive of Bell Asset Management since 2017 ...

Sunsuper, QSuper merger legislation passes

JAMIE WILLIAMSON  |  THURSDAY, 28 OCT 2021
... The bill saw a relatively speedy turnaround, having only been introduced on September 1. "Subject to final regulatory and board approvals, this new fund will be a financial powerhouse for Queensland, supporting 2000 local jobs and reinforcing Queensland ...

AFA shuffles board, names new president

KARREN VERGARA  |  THURSDAY, 28 OCT 2021
The Association of Financial Advisers announced several board changes overnight, including the resignation of its national president. National president Michael Nowak steps down after one year. Prior to that, he served as vice president for four years. ...

Unlisted asset valuation processes largely inadequate: APRA

JAMIE WILLIAMSON  |  WEDNESDAY, 27 OCT 2021
... consideration and action for different classes of unlisted assets were also identified. It also found that often a fund's board and management teams dedicated time to devising processes, rather than considering and challenging valuations, and that in ...

Westpac director stands down

ANNABELLE DICKSON  |  WEDNESDAY, 27 OCT 2021
A non-executive director at the big four bank has resigned from the board to focus on his health. Steven Harker joined the Westpac board in 2019 and was a member of the audit, board legal, regulatory and compliance and remuneration committees. "The ...

Super executives switching options in conflict: ASIC

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 OCT 2021
ASIC has released the results of surveillance into investment switching by super fund executives during market volatility at the start of the pandemic, finding possible conflicts of interest. ASIC looked at a sample of 23 trustees (including trustees ...

No proof of member benefit: APRA on super fund spends

JAMIE WILLIAMSON  |  TUESDAY, 26 OCT 2021
... into a multi-year sponsorship of a sporting team failed to provide evidence that a business case was ever considered by the board at the commencement of the arrangement. APRA also found several instances where super funds renewed marketing and sponsorship ...

Future Fund hits $199 billion

ELIZABETH MCARTHUR  |  TUESDAY, 26 OCT 2021
... markets in September and uncertainty globally around inflation and monetary and fiscal policies. "Given this environment the board has taken a prudent approach to positioning the portfolio with risk levels at a neutral setting around the middle of the ...