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Showing 2161 - 2170 of 12432 results for "General"

CSC pivots towards divestment

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 MAR 2021
At Commonwealth Superannuation Corporation's annual general meeting yesterday, the $50 billion government fund revealed it has divested pure-play coal. CSC chief investment officer Alison Tarditi revealed for the first time that the fund has divested ...

Admin fees could balloon from BFID

KARREN VERGARA  |  TUESDAY, 16 MAR 2021
The new best financial interests duty (BFID) could see members pay higher administration fees as the record-keeping obligations ramp up, superannuation funds and industry experts warn. The reforms, which are part of the Your Future Your Super legislation ...

Banks still failing customers after Royal Commission

ELIZA BAVIN  |  TUESDAY, 16 MAR 2021
A review of Australian Financial Complaints Authority (AFCA) complaints data shows over 31,000 complaints have been made in the wake of the Royal Commission, according to CHOICE. Complaints around credit products revealed many customers have still been ...

ASIC bans adviser over dodgy super consolidation

ELIZABETH MCARTHUR  |  MONDAY, 15 MAR 2021
... their super balances. He also was found to have given consumers personal advice despite only being authorised to give general advice. In doing this, Bhandari failed to act in clients' best interests and failed to provide statements of advice. ASIC also ...

Crescent Foundation partnership to mentor refugees

ANNABELLE DICKSON  |  MONDAY, 15 MAR 2021
The non-profit organisation backed by Islamic superannuation fund Crescent Wealth has partnered with Deakin University to mentor refugee leaders. The partnership with Deakin University's Centre for Refugee Employment, Advocacy, Training and Education ...

Ardea launches fund to European investors

JAMIE WILLIAMSON  |  FRIDAY, 12 MAR 2021
... Real Outcome Fund. Ardea said the fund is unique as it targets positive returns, independent of interest rate moves and general market volatility. Its returns are also "independent of the broader fixed income and equity market fluctuations that may impact ...

Rest expands member engagement team

KARREN VERGARA  |  THURSDAY, 11 MAR 2021
... respectively. Catherine Farrugia and Steven Ahn have joined the member engagement team. Farrugia joined in February as the new general manager of digital, responsible for digital strategy, design and delivery, which covers the super fund's website, app ...

Pahari's pay packet revealed

ELIZA BAVIN  |  THURSDAY, 11 MAR 2021
AMP has reported the extent of the remuneration awarded to former AMP Capital boss Boe Pahari in the 53 days he led the business. As outlined in AMP's annual report, Pahari was paid $376,000 in cash payments. While he was not entitled to a short-term ...

Court makes orders in ASIC versus TAL

KANIKA SOOD  |  WEDNESDAY, 10 MAR 2021
The Federal Court yesterday made orders in ASIC's December 2019 case against TAL, which stems from a Royal Commission case study. The matter relates to a TAL income protection customer, who in January 2014 made a claim on her policy after being ...

Citi moves to double wealth business revenues

ELIZA BAVIN  |  WEDNESDAY, 10 MAR 2021
Citi Australia has opened a wealth hub in Sydney to cater to a larger high-net-worth client base. Citi said the move will support its goal to double the revenue of its wealth management business over the next three years. The new wealth hub is in Citi's ...