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Showing 3011 - 3020 of 10553 results for "BEI"

AustralianSuper PYS fee under scrutiny again

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 JUL 2020
ASIC has been questioned over whether it should have intervened when AustralianSuper introduced a new fee named after the Protecting Your Super legislation. In January AustralianSuper increased its admin fee, saying that from April 1 members would start ...

Statewide overhauls risk management approach

ELIZA BAVIN  |  WEDNESDAY, 15 JUL 2020
Statewide Super has hit the refresh button on its approach to risk, prompted by COVID-19 and the Royal Commission. The funds recently appointed chief risk officer, Jason Muir said his goal is to refresh the industry fund's approach to risk in a post-COVID-19 ...

ERS sees 300,000 repeat applications

ELIZA BAVIN  |  WEDNESDAY, 15 JUL 2020
Around 300,000 Australians lodged their second application to access their super early at the start of the new financial year. APRA had previously warned it was expecting a high volume of applications as the second tranche opened. In total, over $19 ...

Super fund satisfaction mixed, SMSFs unhappy

ELIZABETH MCARTHUR  |  TUESDAY, 14 JUL 2020
At a time when many Australians are engaging directly with their superannuation fund for the first time, member satisfaction appears mixed, with two separate surveys producing some opposing views. That's according to the latest insights from Roy Morgan ...

Chief economist update: Not easy easing restrictions

BENJAMIN ONG  |  TUESDAY, 14 JUL 2020
"As the economy reopens, incoming data are beginning to reflect a resumption of economic activity: Many businesses are opening their doors, hiring is picking up, and spending is increasing. Employment moved higher, and consumer spending rebounded strongly ...

Bennelong swoops on LIC trading at discount

KANIKA SOOD  |  MONDAY, 13 JUL 2020
Bennelong has made a bid to take over an ASX-listed fund that it manages, saying it will eliminate the discount and improve liquidity. The ASX-listed Absolute Equity Performance (AEG) Fund is currently managed by Bennelong Long Short Equity Management ...

Litigation funding fight heats up

ELIZABETH MCARTHUR  |  MONDAY, 13 JUL 2020
The Senate Parliamentary Joint Committee, Corporations and Financial Services looking into litigation funding and the regulation of the class action industry sparked a heated debate today. Menzies Research Centre chief of staff James Mathias was questioned ...

Research slams ADL definition

ELIZABETH MCARTHUR  |  MONDAY, 13 JUL 2020
New research from Super Consumers Australia, the superannuation advocacy arm of CHOICE, has highlighted how difficult it is for people to claim total and permanent disability (TPD) insurance under the activities of daily living (ADL) definition. The ...

Regtech adds to advisory board

ALLY SELBY  |  MONDAY, 13 JUL 2020
Australian regtech company Asendium has made two new advisory board appointments, which it says will help prepare the company for expansion into the US, UK, Canadian and European markets. Former AMP director of technology Giovanni De Angelis and corporate ...

APRA funds can learn from SMSFs: Rice Warner

ELIZA BAVIN  |  FRIDAY, 10 JUL 2020
Self-managed super funds have the edge over their APRA-regulated counterparts, according to insights from Rice Warner. Rice Warner said SMSFs cater well for retirees as their structures are more sensible and allow retirees to manage their finances properly. ...