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Showing 2251 - 2260 of 7101 results for "June 11"

Superannuation mergers strike oligopoly fears

KARREN VERGARA  |  TUESDAY, 23 APR 2019
Concern the superannuation industry will become an oligopoly like the banking sector is being fuelled by the regulators' new powers and increased funding, specifically aimed at forcing underperforming funds to merge or shut down. Of the $400 million ...

AFCA changes could impact PI cover cost: FPA

HARRISON WORLEY  |  TUESDAY, 23 APR 2019
The Financial Planning Association of Australia is urging AFCA immediately consider and investigate the potential impact of its proposed legacy claims rule on professional indemnity insurance, with fears the cost of PI cover may rise. The FPA is concerned ...

NAB remediation bill hits $1.1bn

JAMIE WILLIAMSON  |  THURSDAY, 18 APR 2019
National Australia Bank has set aside an additional $525 million for customer remediation, more than 90% of which is in relation to its wealth operations. The total owing is now estimated at more than $1.1 billion. Announced today, the $525 million ...

Industry fund strengthens board

ELIZABETH MCARTHUR  |  TUESDAY, 16 APR 2019
The former chief investment officer of IOOF has joined the board of a $2.2 billion industry superannuation fund. Stephen Merlicek has joined the board of AvSuper as an independent director. Merlicek was chief investment officer at IOOF for eight years ...

Chief economist update: The bad oil

BENJAMIN ONG  |  FRIDAY, 12 APR 2019
The International Monetary Fund (IMF) recently released its World Economic Outlook April report where it slashed its global growth projections to 3.3% this year, down from 3.5% forecast in January and from 3.7% predicted in its October 2018 outlook ...

L1 eyes $70m for UK property fund

KANIKA SOOD  |  THURSDAY, 11 APR 2019
L1 Capital's latest UK residential property fund is expecting to raise between $60 million and $70 million as financial planning groups and rich investors hunt opportunities for attractive yields. The fund is targeting a distribution yield of 6-7%. ...

Corporate superannuation fund hunts new chair

KARREN VERGARA  |  TUESDAY, 9 APR 2019
Australia's largest corporate superannuation fund is searching for a new chair as the incumbent prepares to wrap up a final three-year term. David Leggo departs TelstraSuper on 30 June 2019; he joined the board in 2010. The fund's constitution ...

Tribeca portfolio manager departs

KANIKA SOOD  |  TUESDAY, 9 APR 2019
Tribeca Investment Management's Jun Bei Liu is now the sole portfolio manager for the Tribeca Alpha Plus Fund after her co-portfolio manager stepped down. Sean Fenton has left the firm after 14 years, the boutique said in a statement Responsibility ...

Rice Warner names new chief executive

KARREN VERGARA  |  MONDAY, 8 APR 2019
The former head of Willis Towers Watson Australasia will now lead Rice Warner as its chief executive. Andrew Boal takes the post as Michael Rice steps down after 30 years of building and leading the business. Rice remains as an executive and board member ...

AMP announces board changes

ELIZABETH MCARTHUR  |  MONDAY, 8 APR 2019
AMP announced a new appointment to its board as the sale of AMP Life to Resolution Life is completed. Debra Hazelton will join the AMP board as non-executive director from June 15. Trevor Matthews will remain on the AMP Life board as an AMP nominee ...