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Showing 2641 - 2650 of 9316 results for "Red"

APRA reduces ERS reporting for funds

ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2020
The prudential regulator has announced it will cut down on the amount of information it requires funds to provide as part of the Early Release of Super reporting standards. From September 30, APRA said it will only require sections 6-8 of SRF 91.1 ...

Aware Super shakes up SRI option

ELIZABETH MCARTHUR  |  WEDNESDAY, 21 OCT 2020
Aware Super has tightened the screens on its socially responsible investment (SRI) option as the $97 billion fund beefs up its ESG credentials, reshuffling investment mandates in the process. The managers with SRI mandates from Aware Super include Redpoint ...

Cost of advice soars as red tape grows

ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2020
... having on financial advisers and consumers. The FPA said the establishment of a single disciplinary body must be used to reduce red tape and untangle an "unreasonably complex" regulatory framework that is stifling the industry and driving up the cost ...

Super needs improvement: Report card

KARREN VERGARA  |  WEDNESDAY, 21 OCT 2020
Australia's pension system has fallen short of its world-class status, according to a global study, which rated the $3 trillion superannuation industry a 'B'. The Mercer CFA Institute Global Pension Index ranked Australia fourth out of 39 ...

The case for an overhaul of advice: Rice Warner, FSC

ANNABELLE DICKSON  |  TUESDAY, 20 OCT 2020
The Financial Services Council (FSC) has launched a report by Rice Warner that makes a series of recommendations that would significantly change the status quo of financial advice and lead to policy debate. Rice Warner's Future of Advice report ...

Future Fund slashes fees

KARREN VERGARA  |  TUESDAY, 20 OCT 2020
The Future Fund is paying less in fund management fees as it pivots toward more passive investment strategies. During the last financial year, the fund paid $224.7 million to external investment managers, nearly a quarter (23%) less than the total payout ...

LaSalle joins 2050 club

ELIZA BAVIN  |  TUESDAY, 20 OCT 2020
LaSalle Investment Management is the most recent company to pledge to go carbon neutral by 2050, following in the footsteps of many super funds and investment firms. LaSalle said it has been working across its managed portfolio to improve the sustainability ...

Chief economist update: Middle Kingdom on top

BENJAMIN ONG  |  TUESDAY, 20 OCT 2020
China's cruel to be kind policy continues to pay dividends. Criticised and condemned they may be, but the swift and continued improvement in the economy prove that the Politburo's draconian restriction and lockdown measures implemented at the ...

UBS, Insight IM win Future Fund mandates

KARREN VERGARA  |  MONDAY, 19 OCT 2020
UBS and Insight Investment Management won significant mandates last financial year, helping manage the equities portfolio for the $161 billion Future Fund. According to the sovereign wealth fund's FY20 annual report, UBS won an Aussie equities ...

BT terminates two funds

ELIZABETH MCARTHUR  |  MONDAY, 19 OCT 2020
BT is winding up two growth funds due to a lack of investor demand. The BT Partner Australia Shares Growth 1 Fund and the BT Partner International Shares Core 1 Fund were terminated on 12 October 2020. They're both single manager funds that have been ...