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Showing 3311 - 3320 of 19586 results for "RIS"

What's the deal with managed funds?

ANDREW MCKEAN  |  FRIDAY, 2 SEP 2022
Managed funds in Australia are underperforming, with the industry average delivering only 5.5% per annum to investors since 2018, according to an investmymoney.com.au report. There is an estimated 3065 managed funds in Australia, of which over 1500 ...

Insurers are 'fishing' for non-disclosures: ASIC

ANDREW MCKEAN  |  FRIDAY, 2 SEP 2022
An ASIC review of individual disability income insurance claims has determined that more work is needed by insurers to ensure customers are protected from unfair practices. ASIC has longstanding concerns about the potential consumer harm resulting from ...

APRA removes Westpac liquidity add-on

CASSANDRA BALDINI  |  THURSDAY, 1 SEP 2022
APRA has removed Westpac's liquidity add-on after finding it breached prudential standards. The 10% add-on was applied to the net cash outflow component of Westpac's liquidity coverage ratio (LCR) and will no longer be included from today. In a statement ...

Women have suffered greater financial loss post-pandemic: Research

CHLOE WALKER  |  THURSDAY, 1 SEP 2022
While a third of men in Australia experienced a boost in their annual income during COVID, just one in four women saw an increase, according to new research from Equipsuper. The results of Equip's survey also reveal that a larger proportion of men ...

Data demonstrates success of compulsory super: Report

CASSANDRA BALDINI  |  WEDNESDAY, 31 AUG 2022
Marking the 30th anniversary of compulsory superannuation, new data shows that 85% of people have accumulated super for their retirement and 75% of retirees are satisfied with their financial security. The report from National Seniors Australia and ...

Future Fund assets drop to $194.4bn

CASSANDRA BALDINI  |  WEDNESDAY, 31 AUG 2022
Future Fund assets slipped almost by 5% to $194.4 billion from its $203.6 billion December peak. The Australian sovereign wealth fund reported a 3.1% drop in its return for three months to June and a 1.2% decline from $196.8 billion over last year. ...

Legalsuper launches new member portal

CHLOE WALKER  |  WEDNESDAY, 31 AUG 2022
The industry super fund has teamed up with Link Group to create a new cloud-based online portal, using real-time data to connect with members. The MemberAccess platform delivers on legalsuper's commitment to provide members with "the best online ...

AMP Capital real estate investment chief joins MaxCap

CHLOE WALKER  |  WEDNESDAY, 31 AUG 2022
Commercial real estate expert Rob Hattersley will become the real estate financier's new group head of capital. With more than 30 years of experience in the real estate and funds management industry, Hattersley joins MaxCap from AMP Capital where he ...

ASIC issues warning over brokers' high-risk offers

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2022
ASIC has told brokers to be careful about or to reconsider offering high-risk products and services to retail investors as an increasing number offer securities trading. ASIC said it has seen increased instances of brokers offering securities trading ...

MetLife Investment Management to buy $1bn AIM

CHLOE WALKER  |  TUESDAY, 30 AUG 2022
The asset management business of MetLife has agreed to acquire ESG-focused fixed income investment manager Affirmative Investment Management (AIM). With over $1 billion of assets under management, AIM focuses on managing fixed income portfolios that ...