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Showing 2881 - 2890 of 9316 results for "Red"

Super funds merge, board revealed

ELIZA BAVIN  |  WEDNESDAY, 1 JUL 2020
First State Super and VicSuper have completed their merger, revealing fee reductions and board changes. The merged fund now manages over $120 billion on behalf of 1.1 million members, including healthcare and aged care workers, teachers, police and ...

Challenges abound as super poises for COVID-19 recovery

ALLY SELBY  |  TUESDAY, 30 JUN 2020
Leaders from the nation's industry super funds have called for greater certainty around superannuation policy, noting various challenges face the industry in the period of economic recovery ahead. In particular, industry fund chief executives pushed ...

Foreign exchange broker banned

ALLY SELBY  |  TUESDAY, 30 JUN 2020
ASIC has banned a former foreign exchange broker from the industry for three years, after it was found he was not fit to provide financial services and had not complied with related laws. Steven Marsh, a former employee of Forex Capital Trading, engaged ...

Industry super pours $19.5bn into Australian recovery

ALLY SELBY  |  TUESDAY, 30 JUN 2020
Industry super funds will invest $19.5 billion over the coming three years in construction and infrastructure projects; in a move that Industry Super Australia (ISA) chair Greg Combet says will help rebuild the Australian economy. The multi-billion ...

AFA, FPA share bleak view of industry

ELIZABETH MCARTHUR  |  TUESDAY, 30 JUN 2020
The Association of Financial Advisers and Financial Planning Association of Australia have appeared before the House of Representatives Standing Committee on Economics, sharing austere views of the financial advice industry. AFA general manager, policy ...

APRA heatmap sees members save on fees

JAMIE WILLIAMSON  |  TUESDAY, 30 JUN 2020
... complacency, she added. "In particular, it's disappointing to see so many funds still displayed on the heatmap in shades of red and orange when it comes to fees and costs. Although member outcomes can't be measured on one factor alone - and superior ...

At least $70bn more in stimulus needed: Grattan

KANIKA SOOD  |  MONDAY, 29 JUN 2020
Australia will have to inject up to $90 billion of additional fiscal stimulus over the next two years if it wants to return the economy to full employment, a new report from Grattan Institute says. The $70 billion to $90 billion required accounts for ...

McMillan Shakespeare restructures operations

ALLY SELBY  |  MONDAY, 29 JUN 2020
The economic disruption of the COVID-19 pandemic has seen McMillan Shakespeare restructure its UK business and announce it will fork out $8 million to acquire the remaining stake in an Australian organisation. McMillan Shakespeare is a single source ...

HESTA to go zero carbon

RACHEL ALEMBAKIS  |  FRIDAY, 26 JUN 2020
HESTA will reduce the absolute carbon emissions in its investment portfolios by 33% by 2030 and will move to net zero by 2050. The $52 billion industry superannuation fund will implement a Climate Change Transition Plan (CCTP) that seeks to effectively ...

Calls to investigate treatment of AMP advisers

ELIZABETH MCARTHUR  |  FRIDAY, 26 JUN 2020
ASIC has come under pressure from a Senator to look into AMP's treatment of financial advisers, including reducing the value of its Buyer of Last Resort (BOLR) agreements. Labor senator for NSW Deborah O'Neill has written to ASIC chair James Shipton ...