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Showing 2761 - 2770 of 6884 results for "Act2"

Super fund awards $50m mandate

KARREN VERGARA  |  MONDAY, 29 APR 2019
EG Funds Management has won a mandate from a $9 billion superannuation fund. The real estate investment manager, with $2.1 billion under management, was awarded a $50 million mandate from Tasplan, which will invest the funds in EG's High Income Sustainable ...

Design and distribution law set to impact property funds

ELIZABETH MCARTHUR  |  MONDAY, 29 APR 2019
The Property Funds Association (PFA) has called the alarm on the Government's recent introduction of product design and distribution obligations that are set to impact unlisted property funds. PFA says that the new legislation could result in fewer ...

Future Fund crosses $150 billion

KANIKA SOOD  |  MONDAY, 29 APR 2019
The sovereign wealth fund has crossed $150 billion in assets after a strong quarter, as it readies to pitch in to the next Federal budget. The Future Fund returned 5% over the quarter to March end, taking its decade-long performance to 10.4% - 3.9% ...

ASIC bans AFSL chief executives

ELIZABETH MCARTHUR  |  MONDAY, 29 APR 2019
ASIC banned two joint chief executives from providing financial services for six years following an investigation. Jeffrey Worboys and Matthew Barnett were joint chief executives of Australian Mutual Holdings - an AFSL holder and responsible entity ...

Chief economist update: Inflation is dead

BENJAMIN ONG  |  MONDAY, 29 APR 2019
Those were the days my friends, we thought would never end... but they ended. The days when measured inflation would go from minus 3% to plus 14%, give or take, back in the grim old days from the 1950s to the late 1980s are no more. Back then the monetarists ...

ASIC appoints receiver for derivatives issuer

ELIZABETH MCARTHUR  |  FRIDAY, 26 APR 2019
ASIC has cancelled the AFSL of an OTC derivatives issuer and helped appoint a receiver to the firm and its related companies. ASIC has successfully applied to the Federal Court to appoint receivers to Berndale Capital Securities, Berndale Capital Securities ...

Investment manager appoints global chief

HARRISON WORLEY  |  FRIDAY, 26 APR 2019
A global real estate investment manager has appointed a new chief executive. Savills Investment Management named Alex Jeffrey as its new chief executive, as the firm embarks on the next stage of its global growth. Set to join the firm later this year ...

Study unveils state with largest superannuation gender gap

KARREN VERGARA  |  FRIDAY, 26 APR 2019
... variances across the states are: Victoria (31%), Queensland (34%), New South Wales (26%), South Australia (33%), Tasmania (33%), ACT (20%) and Northern Territory (16%). To help narrow the gap, the AIST and WIS suggest abolishing the $450 monthly income ...

HESTA joins ESG social media fight

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
The $50 billion industry superannuation fund has joined a high profile group of international investors applying pressure to social media giants following the Christchurch terror attacks. HESTA announced it joined the campaign to force social media ...

Fire drills needed to meet APRA standards

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
APRA's new enforcement approach to cyber security may mean financial services firms have to conduct fire drills - where fake viruses or phishing attacks are deliberately spread in their systems - to work out the strength of their systems. APRA released ...