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Showing 161 - 170 of 2971 results for "mandate"

Government divulges vision for superannuation

ANDREW MCKEAN  |  FRIDAY, 14 APR 2023
Assistant treasurer and minister for financial services Stephen Jones has detailed a three-pronged approach to superannuation reform that will forge national consensus, shift the focus from savings to retirement income, and elevate service standards ...

Aussies happy with compulsory super: Data

CASSANDRA BALDINI  |  THURSDAY, 13 APR 2023
Australians are firm believers in the superannuation system, with 80% of fund members believing those who are self-employed should also be mandated to contribute. This is a headline result from the Association of Superannuation Funds of Australia (ASFA) ...

SVB, Signature Bank securities up for sale

KARREN VERGARA  |  WEDNESDAY, 12 APR 2023
A BlackRock subsidiary has been tasked with disposing the mortgage-backed assets of Silicon Valley Bank and Signature Bank that collectively amount to US$104 billion ($156.2bn). The Federal Deposit Insurance Corporation recently announced that it retained ...

Pension fund ousts chief over US bank losses

JAMIE WILLIAMSON  |  WEDNESDAY, 12 APR 2023
... understand how the situation arose, adding that it has determined the investment decisions were within the framework and mandate established by the board. It also reinforced that the losses had only a small impact on its overall portfolio and on some ...

Mantis Funds wins new distribution mandate

CHLOE WALKER  |  MONDAY, 3 APR 2023
Mantis Funds has teamed up with UK-based Atlantic House to launch the Atlantic House Defined Returns Fund in Australia later this quarter. As a part of a deal, and in conjunction with Equity Trustees as responsible entity, Atlantic House will build ...

New Australian digital assets bill to regulate crypto

ANDREW MCKEAN  |  THURSDAY, 30 MAR 2023
Crypto regulation in Australia has taken a giant leap, with Senator Andrew Bragg unveiling the Digital Assets (Market Regulation) Bill 2023. The Digital Assets Bill 2023 aims to transform Australia's digital asset landscape by implementing a robust ...

Objective will not achieve any real purpose: IFPA

ANDREW MCKEAN  |  WEDNESDAY, 29 MAR 2023
The Institute of Financial Professionals Australia (IFPA) has bucked the trend, rejecting the proposal to legislate an objective of superannuation. The IFPA said it supports consistency in future policy making around superannuation, which should be ...

Another Aussie mandate for Apex Group

CHLOE WALKER  |  WEDNESDAY, 29 MAR 2023
Brisbane-based investment firm Hamilton12 has selected Apex Group as administrator of its new Australian Shares Income Fund. The Hamilton12 Australian Shares Income Fund, launched this month, aims to generate long-term after-tax returns for Australian ...

Kapstream wins new mandate

KARREN VERGARA  |  TUESDAY, 28 MAR 2023
Kapstream Capital has scored a new mandate from an $8.4 billion fund manager. Australian Ethical has appointed the fixed income specialist to its stable. In selecting Kapstream, Australian Ethical deputy chief investment officer and head of multi assets ...

Rest switches up recruitment focus

ELIZABETH FRY  |  FRIDAY, 24 MAR 2023
... equity markets," he says. He reckons the US central bank is fixated on reading inflation and job numbers and, within its mandate, it will do its best. "So, we need to be honest and not too focused on the Fed and instead analyse how our portfolio might ...