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Showing 2931 - 2940 of 6884 results for "Act2"

Whitehelm targets $2.4tn sector

DARREN SNYDER  |  WEDNESDAY, 14 NOV 2018
Whitehelm Capital and a Dutch pension fund service provider have combined to launch the Smart City Infrastructure Fund with about $400 million in seed funding. The investment vehicle is set up to pool pension fund investments in select smart city infrastructure ...

We must do better: ASFA

JAMIE WILLIAMSON  |  WEDNESDAY, 14 NOV 2018
Improvement is a ceaseless quest and Australia's superannuation industry must do better to ensure positive outcomes for members. Opening the 2018 ASFA conference in Adelaide this morning, ASFA chair Michael Easson didn't shy away from the criticism ...

Westpac cops BBSW fine

HARRISON WORLEY  |  MONDAY, 12 NOV 2018
Westpac will pay a $3.3 million penalty over its involvement in the bank bill swap rate saga that's ensnared Australian banks this year. On Friday the Federal Court ordered the bank pay $3.3 million for contravening the ASIC Act in its involvement in ...

ALP victory to have meaningful impact: Daintree

HARRISON WORLEY  |  FRIDAY, 9 NOV 2018
With a Labor victory in next year's Federal Election seemingly firming, a Daintree Capital director is calling on professional investors to prepare for a change in government, and the policies to come with it. Speaking at a media briefing yesterday ...

AustralianSuper changes property option

KANIKA SOOD  |  FRIDAY, 9 NOV 2018
AustralianSuper is changing the terms of its property option but says it is not in response to an impending property crash. Starting November 19, Australia's largest super fund will put a 70% cap on the amount that a member can invest in its property ...

Hedge funds fall out of favour with instos: Report

KARREN VERGARA  |  FRIDAY, 9 NOV 2018
New EY research shows investors are turning away from hedge funds and looking to private equity assets to uphold their alternatives portfolio. While hedge funds currently have the lion's share (40%) of institutional investors' alternatives portfolios ...

DomaCom, DFS establish $4.1m sub-fund

HARRISON WORLEY  |  THURSDAY, 8 NOV 2018
DomaCom partnered with DFS Portfolio Solutions to launch a $4.1m mortgage sub-fund. DomaCom announced an allocation to two mortgage investments through the firm's first branded mortgage fund with DFS. The firm said the two mortgages total around $4.1 ...

Melbourne AFSL pays $9 million in fines

KANIKA SOOD  |  MONDAY, 5 NOV 2018
A Melbourne company has copped about $9 million in penalties after ASIC found it offered personal loans with the proviso customers implement financial advice from the firm. Financial Circle offered personal loans to consumers of up to $5000. However ...

Cbus whacks illegal phoenixing

KANIKA SOOD  |  FRIDAY, 2 NOV 2018
The $48 billion industry super fund is backing the introduction of director identification numbers (DINs) to stop company directors from fraudulently escaping superannuation obligations to workers. The construction industry is the "highest represented" ...

Assistant Treasurer warns super funds to lift engagement game

KARREN VERGARA  |  FRIDAY, 2 NOV 2018
Federal Assistant Treasurer Stuart Robert slammed superannuation funds for not doing enough to engage members and for specifically letting the issue of multiple accounts get out of control. Robert told this week's Financial Services Council policy ...