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Showing 2181 - 2190 of 4777 results for "July 11"

SSGA fund divests tobacco and weapons

KARREN VERGARA  |  TUESDAY, 12 SEP 2017
A State Street Global Advisors Australian-based fund with about $900 million under management is divesting from weapons and tobacco companies. The State Street Global Index Plus Trust, which invests in global companies and aims to outperform the MSCI ...

Xenophon team introduce unpaid super Bill

KARREN VERGARA  |  MONDAY, 11 SEP 2017
A Bill that's aligning super guarantee payments to the wage cycle, abolishing the monthly $450 threshold, and granting the Fair Work Ombudsman greater power to recoup unpaid super has been introduced in Parliament. Rebekha Sharkie, federal member for ...

Hands off super: SMSFA

EMMA RAPAPORT  |  MONDAY, 11 SEP 2017
The Self-Managed Super Fund Association is repeating its calls for a "sustained period of stability" in the superannuation system, telling the Productivity Commission that legislative change and speculation is an impediment to an efficient system that ...

MySuper milestones monitor industry movement

DARREN SNYDER  |  MONDAY, 11 SEP 2017
July marked the 25th anniversary of the superannuation guarantee but it also signified other important milestones for the maturing $2.3 trillion super system. There is now three years of APRA MySuper data, meaning researchers have far more to work with ...

APRA names heavyweight panel to investigate CBA

EMMA RAPAPORT  |  FRIDAY, 8 SEP 2017
The Australian Prudential Regulation Authority appointed three highly experienced panel members to conduct an inquiry into the governance, culture and accountability frameworks of the Commonwealth Bank. Chairman of the Banking and Finance Oath, John ...

Group insurance inaction is "robbery": Inquiry

KARREN VERGARA  |  FRIDAY, 8 SEP 2017
Group insurers not doing enough to prevent the growing problem of employees owning multiple superannuation funds and life insurance premiums is equivalent to theft, according to today's life insurance parliamentary inquiry. Senate Parliamentary Joint ...

Euro strength is a source of weakness

BENJAMIN ONG  |  FRIDAY, 8 SEP 2017
It didn't happen overnight, but it did happen. European Central Bank president Mario Draghi's concern over the impact of the euro currency's appreciation, that is. Recall that the ECB had been conspicuous in its silence about the euro since its 20 July  ...

Canada economic growth changes gears

BENJAMIN ONG  |  THURSDAY, 7 SEP 2017
... would provide more fodder for already "robust" consumer spending. The unemployment rate dropped from 6.5% in June to 6.3% in July - its lowest level since October 2008. The labour market's link to consumer spending is palpable, with latest available ...

Sole fund closed by Australian equities manager

JAMIE WILLIAMSON  |  WEDNESDAY, 6 SEP 2017
Integrity Investment Management terminated its only fund with immediate effect last Friday as its founder prepares for a sabbatical. An announcement on the firm's website explains the Integrity Australian Share Fund has ceased to accept applications ...

Tower lodges cross appeal to NZ High Court

JAMIE WILLIAMSON  |  TUESDAY, 5 SEP 2017
After having a proposed takeover by Suncorp subsidiary Vero Insurance declined by New Zealand regulators, Tower has lodged a cross appeal against the decision. In a statement to the ASX, Tower advised that it has now formally lodged its own cross appeal ...