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Showing 1771 - 1780 of 9462 results for "Made"

Lutheran Super merger imminent

JAMIE WILLIAMSON  |  TUESDAY, 16 AUG 2022
... partner, having reviewed a shortlist of three funds. At the time, the fund anticipated an official announcement would be made in February or March. Now, several months later, the corporate fund has said: "Members would be aware that the trustee has been ...

BlackRock Real Assets buys battery grid business

CHLOE WALKER  |  TUESDAY, 16 AUG 2022
... investment giant's continued support of green energy projects in Australia. This marks the first battery storage investment made by BlackRock's Climate Infrastructure business, part of BlackRock Real Assets, in the Asia Pacific region. As part of the ...

WA financial services director banned for six years

CHLOE WALKER  |  MONDAY, 15 AUG 2022
... (which was likely to create a misleading impression that she had the authority to contact investors). Additionally, Hutchinson made misleading statements to investors about fund performance and land valuations and led them to believe there were limited ...

A solution to active fund underperformance

ANDREW MCKEAN  |  FRIDAY, 12 AUG 2022
... investors enduring conviction in active funds could be because of funds' grandiose promises of outperformance. These promises are made despite some of these funds having excessive fees, he added. Offering an alternative solution, Neiron said there are ...

Besen-backed firm buys babywear group

CHLOE WALKER  |  THURSDAY, 11 AUG 2022
Arcus Partners, backed by Daniel Besen's family office, has acquired Snuggle Hunny Kids. The acquisition, made for an undisclosed amount, is a first for the Melbourne-based firm, which focuses on a collaborative approach to realise the potential ...

Aussies pay the price for early release of super: ASFA

JAMIE WILLIAMSON  |  THURSDAY, 11 AUG 2022
... a 30-year-old who withdrew $20,000 in 2020 will now retire with about $43,000 less, assuming no catchup contributions are made and they retire at age 67. "While superannuation was able to do much of the heavy lifting by distributing payments to people ...

AMP to return $1.1bn to shareholders

JAMIE WILLIAMSON  |  THURSDAY, 11 AUG 2022
... and plans to return a further $750 million to shareholders. Releasing its first-half results this morning, AMP said it has made significant progress towards its strategic priorities. However, in doing so the business' net profit after tax took a ...

ASIC working to improve breach reporting regime

JAMIE WILLIAMSON  |  WEDNESDAY, 10 AUG 2022
... operated as intended." "This has caused a great deal of uncertainty and cost to industry." ASIC acknowledged the investment made so far by the industry in implementing the reforms and said it will seek to minimise further impacts, though it remains committed ...

ASIC flags 'significant' IDR compliance issues at super funds

JAMIE WILLIAMSON  |  WEDNESDAY, 10 AUG 2022
An analysis of close to 50,000 complaints made to super funds has found some trustees are failing to adequately record and respond to member complaints. ASIC is currently undertaking surveillance of super funds' internal dispute resolution processes ...

Macquarie Asset Management buys Veolia waste business

CHLOE WALKER  |  TUESDAY, 9 AUG 2022
... depreciation and amortisation was "significantly higher than the acquisition price resulting from the takeover bid" Veolia made in May last year. Veolia chief executive Estelle Brachlianoff says she is "very satisfied" with the transaction. "It will ...