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Showing 2831 - 2840 of 18263 results for "Plan"

Pension fund sues Elon Musk, Twitter

JAMIE WILLIAMSON  |  MONDAY, 9 MAY 2022
A Florida pension fund is suing Twitter and Elon Musk over the latter's planned takeover of the social media platform. The Orlando Police Pension Fund filed a class action in the Delaware chancery court on Friday, alleging that Delaware law forbade ...

Managed accounts drive profit, revenue surge

JAMIE WILLIAMSON  |  FRIDAY, 6 MAY 2022
Financial advice firms using managed accounts for the last three years have seen almost 80% more profit per owner than those without, new research shows. Latest insights from Praemium and Business Health show practices using managed accounts achieved ...

Millennials want financial advice: Natixis IM

CHLOE WALKER  |  THURSDAY, 5 MAY 2022
Natixis Investment Managers has revealed the five common financial misconceptions about millennials in its recent Five Financial Truths about Millennials at 40 report. The global survey of nearly 2500 individual investors between the ages of 25 and ...

US Federal Reserve enacts biggest rate hike in 22 years

ANDREW MCKEAN  |  THURSDAY, 5 MAY 2022
... attempts at such a high-wire act," he concluded. Beyond tackling inflationary concerns, the Federal Reserve also announced its plan to drastically reduce the size of its balance sheet. The committee will soon begin a multi-trillion-dollar balance sheet ...

BennBridge appoints new chief executive

ANDREW MCKEAN  |  THURSDAY, 5 MAY 2022
... to be joining a high-quality team during a time of accelerated business growth," he said. "The business' clear strategic plan allows us to remain focused yet nimble and open to new opportunities."

CFS awards stewardship mandate

JAMIE WILLIAMSON  |  TUESDAY, 3 MAY 2022
Colonial First State has appointed EOS at Federated Hermes for proxy advisory services. EOS at Federated Hermes will provide engagement, voting and public policy support for Colonial First State's global equity investments. "We believe that active ownership ...

Breach reporting regime a distraction: Report

JAMIE WILLIAMSON  |  TUESDAY, 3 MAY 2022
A survey of compliance professionals has found 67% believe ASIC's breach reporting rules distract from other issues and the greatest proportion of reports filed relate to financial advice failures. A report from CoreData, Lawcadia and Gadens looks ...

LGIAsuper reduces fees, adds indexed option

JAMIE WILLIAMSON  |  MONDAY, 2 MAY 2022
As it prepares to expand its menu, LGIAsuper has reduced fees across most of its investment options, including by more than 30% for MySuper members. Effective March 31, the total of investment and administration fees have been reduced across LGIAsuper's ...

NAB evades AUSTRAC fine for non-compliance

ANDREW MCKEAN  |  MONDAY, 2 MAY 2022
... Nominees. Upon acceptance of the enforceable undertaking, NAB has undertaken to implement a comprehensive remedial action plan that should see improvements to its systems, controls and record keeping. More specifically, the improvements will relate to ...

Hostplus, Statewide Super finalise merger

JAMIE WILLIAMSON  |  FRIDAY, 29 APR 2022
With its merger with Statewide Super now complete, Hostplus says it is on track to hit $100 billion next year. Hostplus now has $81 billion in funds under management and is home to 1.5 million members after merging with Statewide. This places them in ...