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Showing 2691 - 2700 of 10553 results for "BEI"

NAB wins custody mandate

KANIKA SOOD  |  MONDAY, 7 DEC 2020
NAB Asset Servicing has been appointed the custodian for a banking group. Suncorp Group's insurance, wealth and funds management businesses will use NAB Asset Servicing as custodian in Australia and New Zealand. The contract includes nine Suncorp entities ...

Aware Super completes WA Super merger

KANIKA SOOD  |  FRIDAY, 4 DEC 2020
The industry superannuation fund has completed its merger with WA Super initiated earlier this year and now has $135 billion in assets and one million members. The merger gives Aware Super 60,000 members in Western Australia. The smaller fund's ...

ASIC to improve default insurance

KARREN VERGARA  |  FRIDAY, 4 DEC 2020
An ASIC investigation found group insurance cover is poorly designed and disclosed to members who are being defaulted into occupational categories with limited data. After looking at the practices of super funds, ASIC found a high proportion of members ...

Director charged with dishonest conduct

ANNABELLE DICKSON  |  FRIDAY, 4 DEC 2020
The Melbourne Magistrates Court has charged a man with seven counts of dishonest conduct following a referral from the Australian Securities and Investments Commission (ASIC). In addition to the seven counts, Mudasir Mohammed Naseeruddin as also charged ...

Chief economist update: China keeps on going and going

BENJAMIN ONG  |  FRIDAY, 4 DEC 2020
If not for its ongoing diplomatic and trade tensions with Beijing, Australia would be beaming and congratulating China for the strengthening momentum in its economy and this, after having survived the pandemic without plunging into a recession. After ...

US wealth manager acquires three Aussie firms

ELIZABETH MCARTHUR  |  THURSDAY, 3 DEC 2020
NASDAQ listed Focus Financial Partners has created a new network of boutique financial advice firms and acquired three Australian businesses. Focus launched Connectus on December 1 in the US, and now the first Australian advice firms to join the boutique ...

We've done our part, now it's your turn: Lowe

ELIZA BAVIN  |  THURSDAY, 3 DEC 2020
Reserve Bank of Australia (RBA) governor Philip Lowe was forced to remind the Standing Committee on Economics that the RBA is not solely responsible for economic recovery and the federal government also needs to pitch in. Lowe explained that while the ...

Westpac enters into court enforceable undertaking

ANNABELLE DICKSON  |  THURSDAY, 3 DEC 2020
Following the Australian Prudential Regulation Authority's (APRA) review into Westpac's risk governance, both parties have agreed to a court enforceable undertaking (CEU). The CEU requires Westpac to develop an integrated plan that incorporates ...

Funds' net-zero ambitions collide with Santos

ELIZABETH MCARTHUR  |  WEDNESDAY, 2 DEC 2020
Australian oil and gas company Santos' carbon reduction plan has been heavily criticised, with critics pointing out many super funds invested in the company have made declarations on climate change that don't match their actions. According to ...

New MDA offering launched

ELIZA BAVIN  |  WEDNESDAY, 2 DEC 2020
Lifestyle Asset Management will introduce a new Managed Discretionary Advice (MDA) service to its authorised representative network and announced the appointment of an investment management coach. Lifestyle's MDA will launch a service pilot and invite ...