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Showing 2261 - 2270 of 7236 results for "June 30 2014"

CFS trims corporate super distribution team

KANIKA SOOD  |  MONDAY, 12 AUG 2019
Colonial First State (CFS) has handed redundancies to about seven distribution staff working on its corporate superannuation offering as inflows into FirstChoice Employer stall. The departures - all business development managers - come as FirstChoice ...

Advisers to bear brunt of AMP failings

JAMIE WILLIAMSON  |  FRIDAY, 9 AUG 2019
AMP advisers planning to exercise their Buyer of Last Resort (BOLR) arrangements look set to have their business valuations slashed as part of the institution's new strategy. AMP chief executive Francesco De Ferrari said the group will look to recalculate ...

Tasmanian super funds seek insurer

KANIKA SOOD  |  FRIDAY, 9 AUG 2019
The Tasmanian Treasury will soon start the search for an insurer to take over the mandates of two small public sector superannuation funds. The State Fire Commission Superannuation Scheme (SFCSS) and the Tasmanian Ambulance Service Superannuation Scheme ...

Platinum funds leak over $100m

KANIKA SOOD  |  THURSDAY, 8 AUG 2019
Platinum Asset Management reported $108 million in net outflows in July, including $54 million net that flowed out of its trust funds during the month. Platinum now has $25.1 billion across all its funds which are focused on international equities ...

Inaugural FASEA exam results in

KARREN VERGARA  |  THURSDAY, 8 AUG 2019
The majority of candidates who sat the Financial Adviser Standards and Ethics Authority's inaugural exam have passed with flying colours. FASEA chief executive Stephen Glenfield said the authority is pleased with the implementation of the first ...

Super fund invests in disability housing

KARREN VERGARA  |  THURSDAY, 8 AUG 2019
A $1.6 billion superannuation fund has pledged $40 million to a specialist disability housing provider via its impact investing subsidiary. The superannuation fund's investment management arm Brightlight has made a cornerstone investment in DPN ...

Super fund names new chair

KARREN VERGARA  |  THURSDAY, 8 AUG 2019
A $23 billion superannuation fund has welcomed a new chair as the incumbent moves to a deputy chair position. VicSuper announced Wayne Kayler-Thomson stepped into the new role, switching roles with Christine Stewart, who has been chair since early 2017. ...

CBA remediation bill drags performance

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2019
Commonwealth Bank's overall remediation and compliance costs have hit $2.2 billion, dragging its full-year June 2019 results. A large chunk ($806m) of the bank's customer remediation bill will go towards implementing regulatory and compliance ...

Chief economist update: RBA heading to zero

BENJAMIN ONG  |  WEDNESDAY, 7 AUG 2019
Trump's latest tat (branding Beijing a currency manipulator) for China's tit (allowing the yuan to fall below the psychological threshold of CNY7.0/US$1) highlights just how determined the US president is to win the trade war. Yes Virginia ...

Financial Wisdom to shut down

JAMIE WILLIAMSON  |  WEDNESDAY, 7 AUG 2019
Commonwealth Bank has confirmed it will close Financial Wisdom. It will also allow Pathways advisers to commence transitioning elsewhere. Releasing its full year results today, the bank has confirmed it will commence the assisted closure of Financial ...