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Showing 2541 - 2550 of 7871 results for "Board"

QSuper not to appeal AFCA win

KANIKA SOOD  |  THURSDAY, 7 MAY 2020
... order upholding an AFCA decision but says it creates further obligations for superannuation trustees. In April, QSuper's board appealed unsuccessfully to the Federal Court about an AFCA decision asking the fund to refund a member extra premiums ...

SMSF Association appoints deputy chief executive

HARRISON WORLEY  |  THURSDAY, 7 MAY 2020
... association, Burgess has also been appointed director of policy and education. SMSF Association chair Andrew Hamilton said the board was "delighted" to bring Burgess back into the fold, while chief executive John Maroney said the move would be a "boost" ...

Court to decide OneVue claim over Sargon sale

KANIKA SOOD  |  WEDNESDAY, 6 MAY 2020
... Partners (who is also providing the financing) as joint equity investors in the purchase. APRA and Foreign Investments Review Board (FIRB) have given the green light to the three entities to take over Diversa, CCSL and Tidswell. The acquisition was completed ...

Superannuation startup launches raise

KANIKA SOOD  |  WEDNESDAY, 6 MAY 2020
... investors and $2 million to $3 million will come from an institutional raise next month, as a part of which it will also add board members. The valuation was decided by GigSuper's board and is based on its estimate of the addressable market of $88 ...

Chief economist update: The outlook for Australia, according to COVID-19

BENJAMIN ONG  |  WEDNESDAY, 6 MAY 2020
... there." The drop in the Commonwealth Bank Composite PMI for Australia (that was released on the same day as the RBA's Board meeting) to a record low of 21.7 in April from 39.4 in the previous month -- as both manufacturing (down to 45.6) and services ...

New buyers for Sargon businesses confirmed

KANIKA SOOD  |  TUESDAY, 5 MAY 2020
... owned by New York-based buyers, who are committing to retaining Aussie jobs and have hired a Westpac and BT veteran for the board. New Yorker Teddy Wasserman of CloverHill Capital and Australian-origin Matthew Kibble of Kibble Holdings LLC are joined ...

Super fund delays successor fund transfer

KANIKA SOOD  |  TUESDAY, 5 MAY 2020
... citing COVID-19. AMP also delayed its transfer of corporate client Anglican National Super to the new fund chosen by its board, Mercer, citing COVID-19. A spokesperson for AMP said the transfer was completed on April 28. Late last month, QSuper and SunSuper ...

Centuria crosses Tasman, acquires stake in NZ manager

ALLY SELBY  |  TUESDAY, 5 MAY 2020
... manager will have $120 million remaining in cash. Following the acquisition, Centuria will be appointing a director to the board of Augusta. Centuria joint chief executive John McBain said the acquisition would help the fund manager grow a presence in ...

AMP hangs on to AFLPA mandate

KANIKA SOOD  |  MONDAY, 4 MAY 2020
... past AFL players, according to AFLPA chief executive Paul Marsh. "After an extensive independent review process, the AFLPA Board made the decision to continue with the AFL Players' Association's longstanding partnership with AMP," Marsh said. "Through ...

IOOF sees surge in FUM

ELIZA BAVIN  |  FRIDAY, 1 MAY 2020
IOOF announced funds under management grew 34% in the third quarter to $195.6 billion, despite recording a negative impact from its advice and investment management arms. The company said it recorded net outflows of $262 million from its financial advice ...