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Showing 2871 - 2880 of 14210 results for "Interest"

Abrdn launches new strategy

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 OCT 2021
... pandemic, the GRM Strategy returned +34.62%. "Returns have been plentiful over the past decade as policymakers have kept interest rates low while at the same time injecting liquidity into financial markets. But economic and geopolitical uncertainties ...

NAB adds to board

ANNABELLE DICKSON  |  WEDNESDAY, 20 OCT 2021
... and venture capital investments. His involvement with organisations such as Vocus, Airtasker and Kogan reinforces his interest in market transformation," Chronican said. Spenceley will commence his position on the board of December 1. Commenting on the ...

CFS fined $20m over super misconduct

JAMIE WILLIAMSON  |  TUESDAY, 19 OCT 2021
Colonial First State will pay $20 million for misleading members in its FirstChoice Fund. The fine follows the court's decision in September that CFS had misled members on almost 13,000 regarding investment decisions, possibly deterring them from ...

Global pension fund backs Aussie renewables

JAMIE WILLIAMSON  |  MONDAY, 18 OCT 2021
... energy platform. OMERS Infrastructure, part of the Ontario Municipal Employees Retirement System, has purchased a 49% interest in FRV Australia from Fotowatio Renewable Ventures (FRV). The transaction follows a fundraise earlier this year and allows ...

Industry mixed over FSC advice framework

ANNABELLE DICKSON  |  FRIDAY, 15 OCT 2021
The financial advice industry welcomes the Financial Services Council (FSC) recommendations to help reduce red tape and make financial advice more affordable, but one dealer group is unsure whether the FSC is trustworthy - particularly for risk advisers. ...

Super system "frayed": Hume

ELIZABETH MCARTHUR  |  FRIDAY, 15 OCT 2021
Minister for financial services Jane Hume said that the superannuation system in Australia has frayed edges in need of repairs, during a speech at the World Pension Summit 2021. "And while it's a system that wears three decades of alternations and add-ons ...

TWUSUPER cans merger plans

JAMIE WILLIAMSON  |  THURSDAY, 14 OCT 2021
... statement this morning, TWUSUPER advised the merger will not go ahead, saying: "Any merger must be in members' best interest." The viability of the merger has been in question for some weeks as EISS Super battles media scrutiny following its failure ...

BetaShares launches crypto-focused ETF

ELIZABETH MCARTHUR  |  THURSDAY, 14 OCT 2021
Responding to increasing interest in the crypto space, BetaShares will launch a global equities ETF on the ASX investing in tech stocks. The BetaShares Crypto Innovators ETF is expected to be launched in the coming weeks, the manager said, subject to ...

AustralianSuper adds ACTU president to board

JAMIE WILLIAMSON  |  TUESDAY, 12 OCT 2021
The current president of the Australian Council of Trade Unions has joined the board of AustralianSuper, replacing a longstanding director and former deputy chair. Michele O'Neil has been appointed as a director on the board of the nation's ...

FSC advice reforms slash time, costs by 30%

KARREN VERGARA  |  TUESDAY, 12 OCT 2021
... "Anecdotally, we've been hearing for about two years that the interplay between the FASEA code of conduct, and the Best Interest Duty tests was causing the industry a great deal of angst." Many advice practitioners KPMG interviewed highlighted examples ...