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Showing 2781 - 2790 of 10553 results for "BEI"

IOOF fund operations lead departs

JAMIE WILLIAMSON  |  THURSDAY, 22 OCT 2020
IOOF's head of fund operations has farewelled the group after more than two decades. A spokesperson for IOOF has confirmed the departure of Steven Sorraghan, head of fund operations. His leaving marks the end of a lengthy career with the group, as Sorraghan ...

Bumpy quarter for AMP

KARREN VERGARA  |  THURSDAY, 22 OCT 2020
AMP has reported a tough September quarter that saw several clients exit, leaving many business units with lower cash flows. The latest quarterly update shows subsidiary AMP Capital lost $1.1 billion as a result of client redemptions and "run-off of ...

Australian Ethical executive departs

ELIZA BAVIN  |  THURSDAY, 22 OCT 2020
Australian Ethical's head of people and culture has left the business after seven years. A spokesperson for Australian Ethical confirmed Fiona Horan returned to her native Ireland after over 25 years in Australia in October. "In line with our focus ...

Chief economist update: Good or bad news is good Wall Street news

BENJAMIN ONG  |  THURSDAY, 22 OCT 2020
It may have gone up and down and round and round but the US equity market has trended higher and higher and is outperforming its peers. Despite topping the list of total cases of coronavirus infections (8.6 million), new cases (0.6 million) and deaths ...

Cost of advice soars as red tape grows

ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2020
With research showing the average cost for a Statement of Advice has increased 10% in 12 months, the Financial Planning Association of Australia (FPA) is warning of the detrimental impact ongoing reform is having on financial advisers and consumers. ...

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 ...

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 ...

ASX200 advance climate targets

ANNABELLE DICKSON  |  MONDAY, 19 OCT 2020
More of Australia's top 200 companies are implementing strategies in response to climate change, new research shows. The Australian Council of Superannuation Investors' (ACSI) annual benchmark analysis shows ASX200 companies' climate-related disclosure ...

BT cuts Wealth Connect

ALLY SELBY  |  FRIDAY, 16 OCT 2020
BT has proposed changes to its Wealth Connect business which could see at least 38 roles become redundant, as Westpac continues to review its wealth platform, superannuation, investments and insurance businesses. BT's Wealth Connect team provides ...

Retail super fund scores best customer service nod

KARREN VERGARA  |  FRIDAY, 16 OCT 2020
A retail superannuation fund has taken the top spot in a comprehensive member satisfaction and experience survey, bumping off AustralianSuper from the top. Colonial First State has regained the top spot in the Forrester Research's 2020 Australia ...