Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1841 - 1850 of 8418 results for "Big"

Thousands exit Westpac raise

HARRISON WORLEY  |  WEDNESDAY, 11 DEC 2019
... them. Westpac has smashed through its target of $500 million on its way to raising $770 million of investor capital, and the big bank did it all despite losing tens of millions in commitments in the wake of the AUSTRAC scandal that claimed the scalp ...

Industry funds dominate risk-adjusted MySuper returns

HARRISON WORLEY  |  FRIDAY, 6 DEC 2019
... notional asset allocation." While MySuper products should be compared head-to-head initially, Dunnin said that there is a big difference between a product that may achieve a lower return than one that achieves poor returns. "The objective of the RMetrics ...

Fee changes at industry super fund

ELIZABETH MCARTHUR  |  WEDNESDAY, 4 DEC 2019
Fees for members of a $1.6 billion industry superannuation fund will change from 2020. Effective January 1, REI Super will change fees across a number of its options, according to a notice to members. Some options will see a fee cut, while fees on others ...

Super consumer body grateful for intervention

HARRISON WORLEY  |  WEDNESDAY, 4 DEC 2019
... interested in becoming the superannuation consumer advocate in the market to really represent consumer's interests in big policy debates, but also with industry and talking through how they can best meet consumer needs," he said. O'Halloran said ...

Clime launches new income fund

KANIKA SOOD  |  TUESDAY, 3 DEC 2019
Clime Investment Management has partnered with Sequoia to launch a new fund that aims to provide a yearly income of 8%. The Clime Income Enhancer Series 1 fund will invest in four shares: Macquarie, Rio Tinto, Treasury Wines and BHP. "If any of these ...

Deutsche Bank offloads $76b in assets

ELIZA BAVIN  |  TUESDAY, 3 DEC 2019
Deutsche Bank has offloaded $76 billion in assets to Goldman Sachs as part of the lender's restructuring plan. Germany's biggest bank has been undergoing a major restructuring as it struggles to compete in tough market conditions. The assets were tied ...

Grow Super hires Qantas Super executive

KANIKA SOOD  |  MONDAY, 2 DEC 2019
... Wilson said. Wilson said the new business' clients will "not necessarily" be small funds and there is no FUM limit to how big a client Grow will be able to handle. Grow Super's own administration services for its superannuation fund were handled ...

Fee cuts at super fund

KANIKA SOOD  |  MONDAY, 2 DEC 2019
A retail superannuation fund has dropped the investment fees on three options by 10 bps to 19 bps, with its chair saying the cuts will help it be more competitive. Australian Ethical will now charge 40 basis points instead of the prior 50 bps per year ...

Industry fund for coal miners on ESG journey

ELIZABETH MCARTHUR  |  MONDAY, 2 DEC 2019
... clients, as Westpac had come through the Royal Commission looking better than some of the other banks. Several of the other big banks had failed to meet Ethinvest's governance screens following the Royal Commission.

Update on FASEA code guidance on the way

ELIZABETH MCARTHUR  |  FRIDAY, 29 NOV 2019
... other functions." "We've managed," Glenfield said of FASEA's funding. "It's not a huge regulator with a great big budget but we operate within the bounds of the budget and to date we have demonstrated an ability to put those standards out ...