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Showing 1741 - 1750 of 10551 results for "BEI"

Magellan seeks $1m increase to director fees

ANDREW MCKEAN  |  TUESDAY, 15 NOV 2022
Magellan is seeking to increase the maximum remuneration paid to all non-executive directors from $750,000 to $1.75 million. Magellan has scheduled an Extraordinary General Meeting to vote on the matter on December 14. The last time shareholders approved ...

ANZ to pay $42m in insurance lawsuit

CASSANDRA BALDINI  |  MONDAY, 14 NOV 2022
ANZ has agreed to pay $42 million to settle a class action regarding consumer credit insurance (CCI) products. Commonwealth Bank has also reached a settlement for a similar matter. Slater and Gordon filed the class action against ANZ, OnePath Life ...

Stapling's consequences must be addressed: Cbus

ANDREW MCKEAN  |  MONDAY, 14 NOV 2022
Cbus has recommended that the stapling provisions in Your Future, Your Super (YFYS) laws be urgently addressed to reverse the uninsurance risk for workers in hazardous occupations. In its submission, Cbus said stapling reforms have led to many members ...

Factor investors increase allocations: Invesco

CHLOE WALKER  |  MONDAY, 14 NOV 2022
Invesco's seventh annual Global Factor Investing Study has revealed that respondents expect factor-based strategies to outperform in an inflationary environment with slow economic growth. The study, based on interviews with 151 institutional and retail ...

AustralianSuper shakes up executive team

ANDREW MCKEAN  |  FRIDAY, 11 NOV 2022
AustralianSuper has made some key executive changes as part of a broader reconsideration of executives' accountabilities. Shawn Blackmore has been appointed as the fund's first ever chief officer of retirement. Previously, he was group executive ...

Life after legalsuper: Proebstl

ELIZABETH FRY  |  FRIDAY, 11 NOV 2022
Outgoing legalsuper chief executive Andrew Proebstl has no plans to exit the superannuation industry. Proebstl foresees big opportunities for funds to differentiate themselves and succeed in an environment where they are forced to manage more and more ...

Vanguard Super reignites fee war with launch

JAMIE WILLIAMSON  |  FRIDAY, 11 NOV 2022
Three years after it first announced plans for a superannuation offering, Vanguard is now home to one of the cheapest MySuper products - a lifecycle solution that auto-adjusts 36 times. It was back in November 2019 that Vanguard's Robin Bowerman ...

ASIC issues more stop orders

CHLOE WALKER  |  THURSDAY, 10 NOV 2022
The corporate regulator has placed interim stop orders on offers from Finnia Income (Finnia) in response to its flimsy target market determinations (TMDs). Finnia, an unlisted company, pursued a $20 million raise under a prospectus through the issue ...

Former Courtenay House director pleads guilty

CASSANDRA BALDINI  |  WEDNESDAY, 9 NOV 2022
Former Courtenay House Companies director Tony Iervasi has pleaded guilty to conducting a $180 million Ponzi scheme. Iervasi, who tricked 585 investors into falling for one of the nation's biggest Ponzi schemes, appeared yesterday in the Downing ...

SMSF growth slows, allocations shift

CHLOE WALKER  |  WEDNESDAY, 9 NOV 2022
Self-managed super funds are no longer Australia's premier superannuation segment, with growth slowing significantly since the introduction of the transfer balance cap. As at March end, SMSFs held $894 billion on behalf of 1.1 million members through ...