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Showing 2521 - 2530 of 8591 results for "SIM"

MLC Wealth hires risk chief from QIC

KANIKA SOOD  |  MONDAY, 10 AUG 2020
MLC Wealth has hired QIC's long-standing chief risk officer in a similar role. David Clarke will join MLC Wealth in October as chief risk officer. Clarke joined QIC in 2007 and has led the risk function for the past seven years. Prior to this, he ...

Rejigging retirement income: First Sentier Investors

ANNABELLE DICKSON  |  MONDAY, 10 AUG 2020
In terms of retirement income solutions, there is a need to balance the fine line between making things simple and making them simplistic, according to Rudi Minbatiwala head of equity income at First Sentier Investors. Speaking as part of the Actuaries ...

APRA reopens for licences

ANNABELLE DICKSON  |  MONDAY, 10 AUG 2020
APRA will recommence issuing banking, insurance and superannuation licences after suspending the issuing of new licences due to the challenges new entrants would have been faced in light of economic uncertainty. The prudential regulator will also resume ...

IOOF divests Australian Ethical

ELIZABETH MCARTHUR  |  FRIDAY, 7 AUG 2020
IOOF has sold its minority shareholding in Australian Ethical for $74.5 million. In an announcement to the ASX, IOOF said it has sold 14.2 million shares in Australian Ethical, reducing its stake to approximately 5.5 million shares. That reduces IOOF's ...

Vanguard funds downgraded by Morningstar

KANIKA SOOD  |  WEDNESDAY, 5 AUG 2020
Four Vanguard funds totaling $17 billion in funds under management had their ratings slashed at Morningstar this week, as they had their first review under the ratings house's new methodology. The Vanguard Growth Index Fund ($5.6 billion), the Vanguard ...

ASIC slammed over SMSF data

ANNABELLE DICKSON  |  WEDNESDAY, 5 AUG 2020
The House of Representatives Standing Committee on Economics scrutinised ASIC over its SMSF fact sheet in a public hearing reviewing the 2019 ASIC Annual Report. ASIC's SMSF Fact Sheet published last year outlined that the average cost of running ...

Bain Capital begins restructure reckoning

ALLY SELBY  |  WEDNESDAY, 5 AUG 2020
Virgin will cut 3000 jobs, discontinue budget airline Tigerair, suspend long-haul international flights and simplify its fleet, as Bain Capital begins to restructure its new aviation group. The restructure reckoning focuses on six key areas; overhauling ...

GAM records $19bn in outflows

JAMIE WILLIAMSON  |  WEDNESDAY, 5 AUG 2020
The global fund manager saw its profits fall 196% following net outflows of close to $19 billion in the first half of this year, resulting in heavy hits to fee and commission income. GAM has reported a pre-tax loss of $3.05 million compared to a profit ...

Iress adds to executive team

ELIZA BAVIN  |  WEDNESDAY, 5 AUG 2020
The financial services technology company has added the newly created role of chief commercial officer to its leadership team. Michael Blomfield will step into the role and will be responsible for Iress' business growth objectives, including increasing ...

AMP launches new managed portfolios

JAMIE WILLIAMSON  |  TUESDAY, 4 AUG 2020
AMP is launching a new range of managed portfolios, available on its flagship MyNorth platform. The actively managed IndexPlus range blends a low fee with low-turnover index-based investments, AMP said. The range includes five products with varying ...