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Showing 2071 - 2080 of 6512 results for "Jul"

UK insurer fined for annuity sales failings

ELIZA BAVIN  |  TUESDAY, 1 OCT 2019
UK-based insurer Prudential has been hit with a £24 million (AU$43.6 million) fine after failing to advise customers they may receive a better deal on annuities if they shopped around. The Financial Conduct Authority said Prudential failed to ensure ...

Spotlight on super welcomed

HARRISON WORLEY  |  FRIDAY, 27 SEP 2019
The government's move to include compulsory superannuation in its retirement income review has been welcomed by the financial services sector. Responding to the government's establishment of a review of the retirement income system, the peak ...

Retirement income under review

HARRISON WORLEY  |  FRIDAY, 27 SEP 2019
The government has established a review into Australia's retirement income system, following through on the Productivity Commission's recommendation. Announced on Friday afternoon, the review's terms of reference will examine the three pillars ...

Industry fund awards $125 million mandate

KANIKA SOOD  |  THURSDAY, 26 SEP 2019
An industry fund chose Dimensional Fund Advisors for a $125 million allocation as it directs more of its Australian equities assets into screened passive strategies. Christian Super manages $1.6 billion on behalf of its members, of which 23% is in Australian ...

New NAB chief start date announced

KRISTI CHENG  |  TUESDAY, 24 SEP 2019
NAB has announced Ross McEwan will take the reins as the group's new chief executive before the year's end. Ross McEwan will step down from his role as chief executive of the Royal Bank of Scotland on October 31 and commence as chief of NAB onDecember ...

QIC launches China bond fund

KANIKA SOOD  |  MONDAY, 23 SEP 2019
The $80 billion Queensland-based asset management giant has received official approval for its partnered fund that will invest in China corporate bonds. The US$50 million QIC Ping An China Corporate Bond Fund is a partnership between QIC and China's ...

Industry funds confirm merger

HARRISON WORLEY  |  MONDAY, 23 SEP 2019
Two industry superannuation funds worth more than $45 billion combined have confirmed they will merge later this year. Hostplus and Club Super are set to merge in just over a month, after the two industry super funds signed a Successor Fund Transfer ...

Chief economist update: The BOJ needs to run faster to stay in the running

BENJAMIN ONG  |  MONDAY, 23 SEP 2019
"Now, here, you see, it takes all the running you can do, to keep in the same place. If you want to get somewhere else, you must run at least twice as fast as that!" - Lewis Carroll's 'Through the Looking-Glass' The "Red Queen" in the novel ...

Brett Himbury's next innings

KANIKA SOOD  |  FRIDAY, 20 SEP 2019
IFM Investors chief executive will only be 57 when he retires in December next year, but he says the time is right. The company announced Himbury's intention to retire yesterday morning, after 10 years at the industry-fund-owned manager which has ...

Chief economist update: This is a job for the RBA (and the Treasury)

BENJAMIN ONG  |  FRIDAY, 20 SEP 2019
Sub-one percent official cash rate here we come! The Australian dollar's near half a cent drop to US$67.84 on the day immediately following the US Federal Reserve's announced a 25 bp cut in the fed funds rate underscores financial markets' ...