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Showing 2441 - 2450 of 8182 results for "Institutional"

Income only falls by 11% in retirement: Grattan

KANIKA SOOD  |  TUESDAY, 16 APR 2019
Grattan Institute has renewed calls to scrap the Superannuation Guarantee increase as its updated projections show most Australian workers will only cop - at worst - an 11% fall in their income after retiring. The think tank updated its retirement income ...

IFM settles UK sexual harassment case

KANIKA SOOD  |  MONDAY, 15 APR 2019
The $120 billion industry super-owned fund manager has paid roughly $490,000 to settle a sexual harassment case in the UK. Nathalie Abildgaard, an associate on IFM's infrastructure equity team filed a claim with the UK Employment Tribunal earlier ...

Group risk inflows slow at CommInsure, AMP

KANIKA SOOD  |  MONDAY, 15 APR 2019
CommInsure and AMP recorded significant declines in group risk premium inflows for the year ending December 2018, latest Strategic Insight data shows. CommInsure recorded the largest decline of 41.5% - almost halving its market share from 10.2% to 5.8% ...

Superannuation bills on hold

KARREN VERGARA  |  MONDAY, 15 APR 2019
Four key pieces of legislation, including the protection of young superannuation members and low-balance accounts from default insurance premiums, have been put on ice. Treasury Laws Amendment (Putting Members' Interests First) Bill 2019, a highly anticipated ...

Macquarie expands US funds management

KANIKA SOOD  |  FRIDAY, 12 APR 2019
Macquarie Investment Management has purchased the mutual fund assets of a 145-year-old American financial services organisation. Foresters Investment Management Company which acts as the investment adviser of the First Investors funds entered into a ...

IOOF responds to class action

ELIZABETH MCARTHUR  |  FRIDAY, 12 APR 2019
IOOF has responded to being served with a class action proceeding filed by Quinn Emanuel Urqhart & Sullivan. On Friday the law firm announced it had filed proceedings against IOOF,based on evidence given at the Royal Commission and legal proceedings ...

NZ Super dumps guns

HARRISON WORLEY  |  FRIDAY, 12 APR 2019
Hot on the heels of the passage of new gun laws in New Zealand, the NZ Super Fund has divested all companies involved in the manufacturing of automatic and semi-automatic weapons. The fund confirmed companies involved in the manufacture of civilian ...

Bravura circles competitor

KANIKA SOOD  |  FRIDAY, 12 APR 2019
The wealth management software firm has made a proposal to acquire another ASX-listed fintech that could value the latter at up to $170 million. Bravura Solutions submitted a non-binding indicative proposal to acquire all shares of GBST Holdings for ...

J.P. Morgan still the top custodian

KANIKA SOOD  |  FRIDAY, 12 APR 2019
J.P. Morgan held on to the top spot among custodians as total assets under custody in Australia fell 1.2% in the half-year ending December 31. Lacklustre markets pushed the total assets under custody down to $3.58 trillion in the period, according to ...

$1.5bn pulled from Pendal

KARREN VERGARA  |  FRIDAY, 12 APR 2019
Westpac is pulling $1.5 billion of funds under management from Pendal Group over April as it consolidates its superannuation offerings. Pendal's management fee margin will be impacted by 0.31%, predominantly coming from multi-asset funds under management ...