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Showing 1731 - 1740 of 4761 results for "July 2014"

ANZ provides update on wealth sale

ELIZABETH MCARTHUR  |  MONDAY, 13 MAY 2019
ANZ provided an update on its contractual arrangements with IOOF in relation to the sale of its OnePath Pensions and Investments business. The coupon rate ANZ pays on the debt note subscribed by IOOF reduced from 14.4% per annum to 2% per annum as of ...

Chief economist update: The (trade) war is back on

BENJAMIN ONG  |  MONDAY, 13 MAY 2019
"If it weren't for the last minute, nothing would get done." - Rita Mae Brown. This famous quote might be true in general, but it certainly didn't apply to the 11th hour, last minute trade negotiations between the United States and China on ...

Industry super fund appoints new chair

KARREN VERGARA  |  FRIDAY, 10 MAY 2019
An $8.6 billion industry superannuation fund will welcome a new chair as the incumbent completes the 12-year term. The Australian Catholic Superannuation and Retirement Fund announced David Hutton will take the post from July 1, replacing Richard Haddock. ...

Super funds grapple with PYSP deadline

KARREN VERGARA  |  FRIDAY, 10 MAY 2019
The looming Protecting Your Super reforms is putting some superannuation funds at risk of not meeting the deadline as they scramble to have compliant systems and processes in place. QMV principal consultant for legal and risk Jonathan Steffanoni says ...

Industry fund dips toes in private equity

KANIKA SOOD  |  THURSDAY, 9 MAY 2019
An $8.6 billion industry superannuation fund is gearing up its first private equity play in almost half a decade, as it readies for an environment of lower returns. Australian Catholic Superannuation Retirement Fund chief investment officer Michael ...

Industry fund fined over independent advice claims

KARREN VERGARA  |  THURSDAY, 9 MAY 2019
A major industry superannuation fund has been forced to remove "independent" from its financial advice messaging and consequently slapped with a financial penalty issued by the corporate regulator. ASIC alleged Hostplus provided misleading claims to ...

Communication fails to keep member interests at heart

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2019
Many superannuation fund members are feeling confused after receiving communication from trustees attempting to explain the new Protecting Your Superannuation Package laws. Some super funds however, are outshining others. APRA wrote to trustees today ...

TAL restructures retail arm, announces job cuts

KARREN VERGARA  |  TUESDAY, 7 MAY 2019
TAL is making major changes to its retail business that will make some jobs redundant after reviewing its recent acquisition of Asteron, Suncorp's Australian life insurance business. Realigning the retail businesses will consequently reduce headcount ...

Corporate super fund names new chair

KARREN VERGARA  |  TUESDAY, 7 MAY 2019
A former HESTA chief executive will become the chair of Australia's largest corporate superannuation fund in July. TelstraSuper appointed Anne-Marie Corboy as chair for a period of three years, replacing David Leggo, who departs on June 30. Leggo ...

Future Fund crosses $150 billion

KANIKA SOOD  |  MONDAY, 29 APR 2019
The sovereign wealth fund has crossed $150 billion in assets after a strong quarter, as it readies to pitch in to the next Federal budget. The Future Fund returned 5% over the quarter to March end, taking its decade-long performance to 10.4% - 3.9% ...