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Showing 2551 - 2560 of 8775 results for "SIM"

AIST pokes holes in Your Super, Your Choice

JAMIE WILLIAMSON  |  THURSDAY, 12 NOV 2020
The Australian Institute of Superannuation Trustees has criticised the government's Your Super, Your Choice reforms, saying they fail to protect existing members in underperforming funds. Outlining its view of the reforms, AIST pointed out the need ...

Audit inquiry overlooks vertical integration

KARREN VERGARA  |  THURSDAY, 12 NOV 2020
An inquiry into the quality of audits has fallen short of recommending the breakup of the largest four vertically integrated accounting firms in a bid to combat conflicts of interest. The Regulation of Auditing in Australia: Final Report, tabled in ...

NAB Asset Servicing signs up to Charles River

KANIKA SOOD  |  WEDNESDAY, 11 NOV 2020
NAB Asset Servicing has signed up to State-Street-owned Charles River Development for compliance monitoring, oversight and reporting. NAS will use Charles River Investment Management Solution (IMS) to help institutional clients monitor a broad range ...

Channel Capital in management buyout

KANIKA SOOD  |  TUESDAY, 10 NOV 2020
The Sydney multi-boutique is bidding farewell to its minority equity partner Highbury Partnership, as it enlists a new passive investor to bring ownership back to the management. Highbury invested about $15 million in Channel Capital in 2017 when the ...

MLC Super overhauls fees

KARREN VERGARA  |  MONDAY, 9 NOV 2020
MLC Super has introduced a number of management and administration fee changes for a broad range of products that took effect this month. On November 1, management fees were reduced and commissions removed in the Access Pre Select Fund. Also on this ...

Ares readies second credit fund

KANIKA SOOD  |  FRIDAY, 6 NOV 2020
Ares's joint venture with Fidante Partners will launch a second credit fund later this year. The Ares Diversified Credit Fund will use an open-ended structure, similar to Revolution Asset Management's last private debt fund. It will invest in ...

Former advisers face huge fines

ELIZABETH MCARTHUR  |  FRIDAY, 6 NOV 2020
A former Macquarie financial adviser could be facing $1 million in fines, while the other has been fined $30,000 in a busy week for ASIC. Former Macquarie adviser Warren Acworth has been charged with dishonesty offences in Brisbane. He's facing ...

Insurers must shape up on mental health: TAL

ELIZABETH MCARTHUR  |  THURSDAY, 5 NOV 2020
TAL has released new research on mental health conditions - revealing the true cost and lack of support available to claimants. TAL, which is the group insurer for some of Australia's biggest super funds, produced a comprehensive white paper on mental ...

Pengana shutters income-focused fund

KANIKA SOOD  |  THURSDAY, 5 NOV 2020
Pengana Capital will wind up an income-focused Australian equities fund, as it underperforms and the income opportunities in ASX stocks shrink. The Pengana Australian Equities Income Fund invested in 20 to 40 ASX-listed companies, with a focus on income. ...

IOOF unfazed by poor MLC result

ELIZA BAVIN  |  THURSDAY, 5 NOV 2020
NAB posted a 37% loss in revenue while MLC Wealth was down around $100 million in divisional cash earnings from last year, though IOOF said the result is broadly in line with its expectations. IOOF is set to acquire 100% of MLC Wealth from NAB for $1.4 ...