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Showing 2501 - 2510 of 9316 results for "Red"

Class action launched against OnePath

ELIZA BAVIN  |  TUESDAY, 5 JAN 2021
Slater and Gordon have filed a class action against ANZ and its former subsidiaries OnePath Custodians and OnePath Life as part of its #GetYourSuperBack campaign. Filed in the Federal Court in December 2020, this makes the fifth class action launched ...

Super fund targets homegrown opportunities

KARREN VERGARA  |  FRIDAY, 1 JAN 2021
The coronavirus pandemic is a boon for the localisation of Australian businesses that will create investment opportunities and jobs growth, two superannuation fund experts predict. Statewide Super chief executive Tony D'Alessandro and chief investment ...

Challenger to buy industry-fund-owned bank

KANIKA SOOD  |  WEDNESDAY, 23 DEC 2020
... is it can be execution only. Whereas with an annuity an SOA is needed for new sale and rollover. This removes significant red tape; The distribution channels expand considerably when/if CGF is able to get their term deposits through all the usual channels..." ...

Future Super cuts fees

ELIZABETH MCARTHUR  |  WEDNESDAY, 23 DEC 2020
Future Super has gifted its members a fee cut for the holidays, with fees set to reduce over all of the ethical super fund's investment options. The admin fee on the fund's Balanced Index option is reducing from 0.65% per annum to 0.554% per ...

Former adviser pleads guilty to theft, dishonesty

KANIKA SOOD  |  TUESDAY, 22 DEC 2020
A former financial adviser and company director will be sentenced on April 30 after pleading guilty to charges relating to mishandling of client money in an IPO. Keith James Flowers (formerly Nigel Flowers) pled guilty to one charge each of dishonesty ...

ASIC to review impact of ASX outage

KANIKA SOOD  |  TUESDAY, 22 DEC 2020
In 2021, ASIC will review how market participants adapted to the ASX's outage in November, and if they and the ASX violated their market operating licences. On November 16 at 10:24 am, ASX halted trading on ASX Trade after switching to new systems ...

ASIC takes action against La Trobe Financial

ELIZABETH MCARTHUR  |  MONDAY, 21 DEC 2020
ASIC has commenced proceedings, seeking a civil penalty against La Trobe Financial, but the latter plans to fight the claims. The regulator has taken issue with La Trobe Financial's 90 Day Notice Account and Classic 48 Hour Account. The two funds ...

APRA hands down self-assessment report

KARREN VERGARA  |  MONDAY, 21 DEC 2020
The prudential regulator said it achieved a lot during a turbulent year to help minimise the impact of the pandemic, but acknowledged there is still room for improvement. A number of stakeholders have also commended APRA's response to the coronavirus ...

Lonsec increases allocation to Talaria

ELIZABETH MCARTHUR  |  MONDAY, 21 DEC 2020
Lonsec Investment Solutions increased its investment in the Talaria Global Equity Fund. The new allocation will impact Lonsec's retirement model portfolios. The allocations are across their conservative, balanced and growth portfolios. "The Lonsec retirement ...

New heatmap shames trustees

KARREN VERGARA  |  FRIDAY, 18 DEC 2020
... with $31 billion in savings stuck in severely underperforming funds. As at June 2020, perennial MySuper underperformers with red ratings over a six-year investment period are: BT Funds Management's Asgard Employee, BT Super and Westpac Group Plan ...