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Showing 2291 - 2300 of 7104 results for "June 2023"

More consolidation to come: APRA

JAMIE WILLIAMSON  |  FRIDAY, 22 FEB 2019
Of the 28 funds identified by APRA as candidates for merger in the last 12 months, at least 13 have moved to do so. And a further three could also be headed for the exit door, APRA chair Wayne Byres said. Appearing before the Senate Economics Legislation ...

Futuro ends AMP alignment

JAMIE WILLIAMSON  |  THURSDAY, 21 FEB 2019
Futuro Financial Services has ended its partnership with AMP after seven years, becoming 100% privately-owned again. AMP acquired a 10% stake in Futuro in 2012 with the intention of taking full ownership by 2017. However, both parties agreed to end ...

Ausbil launches dividend income fund

KANIKA SOOD  |  WEDNESDAY, 20 FEB 2019
The $11 billion equities manager has launched a fund that will invest in S&P/ASX 200 companies with the aim of paying monthly distributions. The Ausbil Active Dividend Income fund will generate dividend income through cyclical opportunities, earning ...

Family office backs new boutique

KANIKA SOOD  |  TUESDAY, 19 FEB 2019
Three founding members of Macquarie's Asian listed equities division are set to launch a boutique with the backing of a prominent family office. Sam Le Cornu, who was Macquarie's Asian listed equities business' co-head, executive director and head of ...

Canadian pension fund manager dumps Blue Sky

JAMIE WILLIAMSON  |  THURSDAY, 14 FEB 2019
The strategic partnership between Blue Sky Alternative Investments and a $170 billion Canadian pension fund investment manager has been terminated. Blue Sky Water Partners has worked with Canada's Public Sector Pension Investment Board (PSP Investments) ...

ACSA creates managed fund taskforce

HARRISON WORLEY  |  MONDAY, 11 FEB 2019
The Australian Custodial Services Association will facilitate an industry taskforce to help address what it deems "systemic" obstacles in servicing managed funds and encourage more standards and automation in the local market. ACSA said that in surveying ...

Future Fund delivers 5.8%

KANIKA SOOD  |  MONDAY, 11 FEB 2019
The sovereign wealth fund returned 5.8% in the year ending 31 December 2018, beating the median balanced superannuation fund return by a wide margin. The median balanced superannuation fund returned 0.6% in the year to 31 December and even the top quarter ...

Super fintech chief steps back

JAMIE WILLIAMSON  |  FRIDAY, 8 FEB 2019
A strategic review will see the chief executive of an ASX-listed payments and superannuation fintech step down from the lead role. Effective today, Robin Beauchamp will vacate the role of chief executive at InPayTech. Beauchamp will take on the role ...

The $500k price tag on bad super choices

KANIKA SOOD  |  FRIDAY, 8 FEB 2019
Sticking to a bad super fund could leave the average Australian worker more than $500,000 poorer over their lifetime, latest research from SelectingSuper found. The research considered an average employee's salary, fees and contributions over 45 ...

NAB wealth exit delayed

HARRISON WORLEY  |  FRIDAY, 8 FEB 2019
The bank's separation from MLC is likely to be delayed. NAB said it was likely the planned divestment of its wealth management arm MLC would be delayed as far as June 2020. The bank said that while more detail was yet to arrive about the proposed legislative ...