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Search ResultsShowing 11 - 20 of 100+ results for Karren Vergara
Mergers prompt 13% fee drop
KARREN VERGARA  |  TUESDAY, 23 FEB 2021
Members of merged superannuation funds are $15,000 better off in retirement, new research shows. An analysis by Super Consumers Australia (SCA) found MySuper fees of merged entities dropped by 13.4% on average. The consumer advocate group looked at ...
ASIC zeroes in on bad SMSF advice, conduct
KARREN VERGARA  |  TUESDAY, 23 FEB 2021
The corporate regulator continues to hunt down perpetrators that give bad advice to self-managed super funds, sounding a warning that it is flexing its new powers in superannuation. ASIC commissioner Danielle Press told the recent SMSF Association's ...
Investors on red alert despite vaccines
KARREN VERGARA  |  MONDAY, 22 FEB 2021
Despite the promise and optimism of COVID-19 vaccines, professional investors continue to worry about the pandemic's economic impact, a global study of 400 reveals. Natixis Investment Managers' annual 2021 Professional Fund Buyer Outlook , conducted ...
Aussie dividends slump 40%
KARREN VERGARA  |  MONDAY, 22 FEB 2021
Three-in-five Australian publicly listed companies have either cut or withheld their dividends during 2020 as a result of COVID-19, a global dividend index shows. Between April and December 2020, Aussie firms either cut or cancelled dividend payments ...
Industry fund expands leadership team
KARREN VERGARA  |  MONDAY, 22 FEB 2021
A $16 billion superannuation fund has welcomed two members to its executive team, as well as a portfolio manager from Victorian Funds Management Corporation. Sam Horskins is the new chief financial officer at CareSuper, overlooking the statutory and ...
Super fund buys stake in retirement village
KARREN VERGARA  |  FRIDAY, 19 FEB 2021
A $135 billion industry superannuation fund is to acquire a stake in Lendlease's retirement villages business. Aware Super will gain a 25% stake in Retirement Living, which comprises 75 retirement villages that are home to more than 16,000 residents ...
Mainstream to pay $5.1m settlement
KARREN VERGARA  |  FRIDAY, 19 FEB 2021
Mainstream BPO is due to pay $5.1 million as part of a confidential settlement agreement affecting its US hedge fund administration subsidiary. The ASX-listed firm said it agreed to pay US$3.95 million to a US District Court-appointed receiver of a ...
Goldman Sachs launches robo-adviser
KARREN VERGARA  |  FRIDAY, 19 FEB 2021
Goldman Sachs has launched a robo-investment offering that helps retail clients achieve their financial goals by automatically rebalancing their portfolios with the use of exchange-traded funds. Marcus Invest offers over 50 ETF products invested in ...
Limited advice overdue for disruption
KARREN VERGARA  |  THURSDAY, 18 FEB 2021
There are clear opportunities to disrupt intra-fund and general advice that the industry is overlooking, shunning everyday Australians that need it most, according to superannuation experts. As the number of financial advisers continue to dwindle and ...
J.P. Morgan dominates custody market
KARREN VERGARA  |  THURSDAY, 18 FEB 2021
J.P. Morgan has remained the largest custodian in Australia since 2016, when it bumped off NAB Asset Servicing, closing in on nearly $1 trillion of assets. The Australian Custodial Services Association's (ACSA) biannual statistics revealed J.P. ...
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