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Showing 2091 - 2100 of 6733 results for "Review"

Westpac scraps SG direct debits

KARREN VERGARA, JAMIE WILLIAMSON  |  MONDAY, 21 SEP 2020
As Westpac pulls the plug on QuickSuper, a direct debit superannuation payment option for employers, there are fears the lack of automation could potentially worsen the unpaid super problem. On September 4, employers paying superannuation guarantee ...

ME Bank profits rise in FY20

ELIZABETH MCARTHUR  |  THURSDAY, 17 SEP 2020
... earlier in the year. The search for a permanent chief executive is ongoing. As for the redraw scandal, Crane said an internal review into what went wrong at the bank is progressing. "We did get it wrong and we acknowledge that. We got the communications ...

State Street cops $1.25m fine from AUSTRAC

KANIKA SOOD  |  WEDNESDAY, 16 SEP 2020
State Street was handed a $1.25 million fine by AUSTRAC for allegedly breaching 99 times its obligation to report international transfers to the agency under Anti-Money Laundering and Counter-Terrorism Financing laws. Under the law (section 45 (2) of ...

Industry fund reveals new mandates

JAMIE WILLIAMSON  |  WEDNESDAY, 16 SEP 2020
... first reported by Financial Standard, legalsuper has outlined more changes to its investment manager lineup following a review of about 80% of the fund's assets by chief investment officer Norman Zhang. While the review is ongoing, legalsuper confirmed ...

Managed accounts inch to $80bn

KARREN VERGARA  |  WEDNESDAY, 16 SEP 2020
... interest front of mind and assessing if managed accounts are fit for purpose. A client whose portfolio is subject to continual review and management is likely to be better off as opposed to a client who gets ad-hoc review, Potter said, noting that being ...

Super funds accused of chest beating on climate change

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 SEP 2020
Two major industry superannuation funds have this week made bold statements about their stance on climate change, but critics argue it may be "virtue signalling" with little substance. UniSuper announced this week it is committed to achieving net zero ...

Super fund overhauls performance on red rating

KARREN VERGARA  |  TUESDAY, 15 SEP 2020
After underperforming its peers and receiving a red rating from the regulator, an $11 billion superannuation fund is turning its performance around. Mine Super initiated several strategic investment changes to its MySuper products, which are now delivering ...

Boutique launches Aussie equities fund

KANIKA SOOD  |  TUESDAY, 15 SEP 2020
... delivered annual gross yield of 6.6% over the period at July end. It got the highest Lonsec rating "highly recommended" after a review earlier this month. "The fund targets quality companies at attractive prices that provide sustainable and growing dividends ...

Super fund gets ahead of CIPR obscurity

KARREN VERGARA  |  TUESDAY, 15 SEP 2020
... superannuation fund is raising the bar on managing longevity risk and taking the initiative to get ahead of the retirement income review gridlock. Chris Drew, the investment manager for public markets at the Australian Catholic Superannuation and Retirement ...

Financial services laws under review

JAMIE WILLIAMSON  |  TUESDAY, 15 SEP 2020
... (Cth) and the Corporations Regulations 2001 (Cth), among other legislative instruments. There are three key focuses of the review, each of which will be covered in an individual interim report. The first will focus on the appropriate use of definitions ...