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Showing 3201 - 3210 of 7101 results for "June 2011"

Lifecycle funds startlingly varied

MARK SMITH  |  MONDAY, 25 JAN 2016
New research into lifecycle superannuation funds shows little consistency between approaches and vast gulfs in exposure to equity risk across similar age cohorts. Industry researcher Rainmaker has turned its eye to the product segment as the depth of ...

CalPERS chief executive retires

DARREN SNYDER  |  FRIDAY, 22 JAN 2016
The largest public pension fund in the US is searching for a new chief executive after Anne Stausboll announced she will retire in June 2016. The California Public Employees' Retirement System (CalPERS) announced overnight that Stausboll will leave ...

ING DIRECT announces new CEO

DARREN SNYDER  |  FRIDAY, 22 JAN 2016
ING DIRECT Australia will have a new chief executive from June as Vaughn Richtor announced his retirement from the country's sixth largest retail bank today. Richtor will also retire as chief executive of ING Retail Banking Asia. He will continue to ...

Public sector retirees angry over income exemption cuts

DARREN SNYDER  |  THURSDAY, 14 JAN 2016
Tens of thousands of public sector pensioners are learning the scale of changes to their defined benefit schemes that sees cuts to exemptions for the Centrelink pension income test. In June last year the federal parliament introduced a 10% cap on defined ...

Aussie large-cap active managers endure massive outflows

DARREN SNYDER  |  WEDNESDAY, 13 JAN 2016
Researcher Morningstar estimates Australian equity large-cap unlisted funds lost between $3 billion and $12 billion in assets per year over the last five years. In its latest Australian Equities Large-Cap Sector Wrap, Morningstar said active managers ...

Northern Trust wins Mutual Trust custody mandate

DARREN SNYDER  |  TUESDAY, 12 JAN 2016
Multi-family office and wealth management firm Mutual Trust has appointed Northern Trust to provide global custody services for a portfolio of international assets. Mutual Trust chief operating officer wealth management Andrew Wood said the appointment ...

SMSF borrowing triples in four years

DARREN SNYDER  |  FRIDAY, 18 DEC 2015
Limited recourse borrowing arrangements within SMSFs have almost tripled in four years, the latest Australian Tax Office (ATO) statistics show. The proportion of SMSFs with borrowings has risen from 2.3% of funds in 2010 to 6.7% of funds in 2014. At ...

The Fed's done it

BENJAMIN ONG  |  THURSDAY, 17 DEC 2015
Dear oh dear, the opening lines I intended to scribble on this momentous day have all been taken. "We have lift off". The Sydney Morning Herald already had first dibs. "The Fed Awakens". Not a chance, The Economist magazine got in first. "End of an ...

Zurich appoints global life chief

ALEX BURKE  |  WEDNESDAY, 16 DEC 2015
Zurich has appointed a new chief executive, global life. Gary Shaughnessy has taken on the role having been chief executive of Zurich UK Life since June 2012. He also became Zurich's UK country head in 2014. Prior to Zurich, he was managing director ...

ASIC spots PI insurance gaps

ALEX BURKE  |  TUESDAY, 15 DEC 2015
ASIC has completed its review of the professional indemnity insurance market for advisers in the eight months to June 2015. The report said the market is "stable and generally available," but there are gaps "between what ASIC expects and some of the ...