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Showing 3251 - 3260 of 8611 results for "DIF"

MLC MySuper switches to lifestage

KANIKA SOOD  |  FRIDAY, 22 FEB 2019
MLC is switching its default superannuation product from single strategy to lifestage. It's also increasing its allocation to growth assets. MLC MySuper currently has a 70% allocation to growth assets like stocks, property and infrastructure and ...

Advisers need to behave above the law

HARRISON WORLEY  |  FRIDAY, 22 FEB 2019
FASEA's recently confirmed Code of Ethics will require advisers to act well above the basic behavioural standards expected of them. Addressing delegates on day two of the Self-Managed Super Fund Association National Conference in Melbourne this week ...

More consolidation to come: APRA

JAMIE WILLIAMSON  |  FRIDAY, 22 FEB 2019
Of the 28 funds identified by APRA as candidates for merger in the last 12 months, at least 13 have moved to do so. And a further three could also be headed for the exit door, APRA chair Wayne Byres said. Appearing before the Senate Economics Legislation ...

GAM sacks investment director

JAMIE WILLIAMSON  |  FRIDAY, 22 FEB 2019
GAM Investments confirmed fixed income investment director Tim Haywood was dismissed for "gross misconduct" following an internal investigation. And he's appealing the decision. In August 2018, Haywood was at the centre of an investigation that ...

Super needs a clear objective: Cooper

HARRISON WORLEY  |  THURSDAY, 21 FEB 2019
A clear objective within superannuation will result in better regulation for all parts of the industry, according to a panel of experts. Opening the second day of the Self-managed Super Fund Association's national conference in Melbourne this morning ...

Opportunities outweigh threats when it comes to SMSFs

HARRISON WORLEY  |  WEDNESDAY, 20 FEB 2019
Threats to the SMSF sector certainly exist, but they are outweighed by opportunities, according to the Self-Managed Super Fund Association. Opening the SMSF advocacy body's national conference in Melbourne this morning, a panel of industry experts discussed ...

APN Property launches direct regional fund

HARRISON WORLEY  |  TUESDAY, 19 FEB 2019
APN Property Group is capitalising on growth in Newcastle by launching a direct regional property fund underpinned by two local office buildings. The APN Regional Property Fund will offer investors the opportunity to invest in what Colliers International ...

Pay super fortnightly: ISA

HARRISON WORLEY  |  TUESDAY, 19 FEB 2019
The industry superannuation peak body believes retirement savers are losing millions in interest due to quarterly super contributions. Industry Super Australia is calling for changes to the laws governing superannuation contributions in Australia, arguing ...

ASIC appeals Westpac Federal Court decision

JAMIE WILLIAMSON  |  MONDAY, 18 FEB 2019
The corporate regulator is appealing last year's landmark Federal Court decision, determined to prove two Westpac subsidiaries provided personal financial advice despite not being licensed to do so. In December 2018, Justice Jacqueline Gleeson determined ...

Perfect storm smashes AMP

HARRISON WORLEY  |  THURSDAY, 14 FEB 2019
AMP suffered a 97% profit drop in 2018 and it's flagging a reshaped financial advice network into 2019. AMP recorded statutory net profit of $28 million last year, but the result is worth 3% of its 2017 full-year profit of $848 million. Discussing ...