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Showing 2901 - 2910 of 8182 results for "Institutional"

Royal Commission hears industry fund admitted wrongdoing to ASIC

HARRISON WORLEY  |  MONDAY, 24 SEP 2018
A $52 billion industry superannuation fund admitted to inadvertently breaching the Superannuation Industry (Supervision) Act (SIS Act) in a breach report filed with ASIC on the penultimate day of the Royal Commission's sixth round of hearings. Making ...

AI Group pushes back against super gender gap reforms

HARRISON WORLEY  |  MONDAY, 24 SEP 2018
The Australian Industry Group (AI Group) believes Labor's proposal to remove the $450 superannuation guarantee threshold will add more to employer costs than the retirement incomes of women. AI Group chief executive Innes Willox said Labor's ...

Give life code a chance, Loane tells Royal Commission

HARRISON WORLEY  |  FRIDAY, 21 SEP 2018
Financial Services Council (FSC) chief executive Sally Loane equated removing the carve out of life insurance claim handling in the Corporations Act to using "a sledgehammer to crack a nut." Appearing before the financial services Royal Commission on ...

AFCA membership deadline arrives

JAMIE WILLIAMSON  |  FRIDAY, 21 SEP 2018
Financial services firms have until close of business today to register for membership of the Australian Financial Complaints Authority. ASIC has issued a warning to all Australian financial services licensees, superannuation trustees and authorised ...

Arnhem portfolio manager departs

JAMIE WILLIAMSON  |  FRIDAY, 21 SEP 2018
... manager of the Arnhem Australian Equity Fund. Since then, Arnhem's head of distribution Samuel Stobart and senior institutional business development manager Natalie Kulakoff have taken roles with Ellerston Capital and Bennelong Funds Management, respectively. ...

Improve climate risk disclosure: ASIC

HARRISON WORLEY  |  FRIDAY, 21 SEP 2018
ASIC has called for improvements to the consistency of disclosure practices among Australia's listed companies. In ASIC Report 593, the corporate regulator found limited climate risk disclosure outside of the top-200 listed companies in Australia. ASIC's ...

IFM bids to build Melbourne Airport rail link

HARRISON WORLEY  |  THURSDAY, 20 SEP 2018
... part of a consortium seeking to fund and develop the long-awaited Melbourne Airport rail link. The $112 billion institutional fund manager partnered with Melbourne Airport, Metro Trains Australia and Southern Cross Station to form AirRail Melbourne. ...

Mainstream loses super fund contract

KANIKA SOOD  |  THURSDAY, 20 SEP 2018
A superannuation fund has terminated its administration contract with Mainstream after it announced plans to merge with a larger super fund in July. Combined Super has filed a termination notice with Mainstream Group Holdings ahead of its intention ...

Franking credits inquiry launched

HARRISON WORLEY  |  THURSDAY, 20 SEP 2018
An inquiry has been launched to examine the implications of Labor's policy to remove refundable franking credits. The House of Representatives Standing Committee on Economics will investigate the implications of removing refundable franking credits. ...

Custody contract up for grabs

KANIKA SOOD  |  THURSDAY, 20 SEP 2018
... now sit at $3.6 trillion and local custodians are aiding the settlement of up to 80,000 transactions per day for institutional investors, according to August 31 statistics from Australian Custodial Services Association (ACSA). Read Financial Standard's ...