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Showing 1751 - 1760 of 8245 results for "June"

MLC Life Insurance raises $650 million

KANIKA SOOD  |  WEDNESDAY, 6 JAN 2021
... the transition. Nippon in its recent statement said it injected capital into MLC Life in December 2019 [$290 million ] and June 2020 to ensure the business's soundness and support execution of their business plan. "However, risk of MLC Life's stagnant ...

WTW appoints Australia segment head

KANIKA SOOD  |  WEDNESDAY, 6 JAN 2021
... Zealand, and South Africa. WTW is the third-largest asset consultant by assets in not-for-profit superannuation funds as at 30 June 2020, according to Rainmaker.

Northern Trust wins First Sentier mandate

KANIKA SOOD  |  WEDNESDAY, 6 JAN 2021
... the second-largest custodian in Australia, after inching up the league tables i n two successive reporting periods, as at June 2020. It looked after $561.5 billion in total custody assets in Australia. Custodians' market share of the $3.75 trillion ...

New year, new chief for Aviva Investors

ELIZA BAVIN  |  WEDNESDAY, 6 JAN 2021
... of his career," she said. Munroe will move to Newton Investment Management where he will be chief executive effective 23 June 2021. Versey said he is delighted to have the opportunity to lead the business through its next stage of growth. "The business ...

ASIC slams auditors

KARREN VERGARA  |  WEDNESDAY, 23 DEC 2020
... major auditors for sloppy work, and poor governance and accountability practices. A sample of audits for the six months to June 2020 questions the quality and integrity of audit services. In aggregate, ASIC found the big audit service providers overlooked ...

Former adviser pleads guilty to theft, dishonesty

KANIKA SOOD  |  TUESDAY, 22 DEC 2020
... for the IPO of Avior Australia. He set up a trust account to collect clients' funds and was its sole signatory. Between June 2011 and April 2012, he withdrew or transferred $179,500 of seed capital thereby using his position as a director dishonestly ...

APRA Connect to go live in 2021

KARREN VERGARA  |  TUESDAY, 22 DEC 2020
... APRA Connect ultimately replaces Direct to APRA (D2A) as the data collection tool. The test environment will kick off from June 2021. A pilot will also run in the external test environment for a small number of superannuation entities. This is due to ...

Lonsec increases allocation to Talaria

ELIZABETH MCARTHUR  |  MONDAY, 21 DEC 2020
... Merrill Lynch. Funds under management has grown by about 71% over the last two-and-a-half years to $502 million at the end of June 2020.

New heatmap shames trustees

KARREN VERGARA  |  FRIDAY, 18 DEC 2020
... by more than 75bps. There are 900,000 members with $31 billion in savings stuck in severely underperforming funds. As at June 2020, perennial MySuper underperformers with red ratings over a six-year investment period are: BT Funds Management's Asgard ...

Chief economist update: Government spending made money, saved money

BENJAMIN ONG  |  FRIDAY, 18 DEC 2020
... both employment and the participation rate higher than expected. The unemployment rate is expected to fall to 6.25% by the June quarter 2022, in line with the recovery in activity, reaching 5.25% by the June quarter 2024," MYEFO stated. As such, to Titus ...