Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 3501 - 3510 of 20552 results for "BEN"

Chief economist update: Delta variant infects Australian economy

BENJAMIN ONG  |  TUESDAY, 29 JUN 2021
"They gathered for the feast They stab it with their steely knives, But they just can't kill the beast." - The Eagles, 'Hotel California' Only a few days after the Reserve Bank of Australia (RBA) kept monetary policy settings unchanged and ...

Industry funds flag $77bn merger

KARREN VERGARA  |  TUESDAY, 29 JUN 2021
Two industry superannuation funds announced they are exploring a potential merger to create a $77 billion fund with 1.4 million members. Hostplus and Statewide Super said formal discussions are in the works and that they intend to shortly sign an exclusive ...

UK pension funds pushed to merge

JAMIE WILLIAMSON  |  MONDAY, 28 JUN 2021
The UK pension sector is experiencing similar pressure to that being felt by Australia's super funds, with the pensions regulator asking defined contribution (DC) funds with less than £5 billion in assets being urged to merge. In September last ...

Catholic Super to drop fees

JAMIE WILLIAMSON  |  MONDAY, 28 JUN 2021
The investment fees paid by Catholic Super members are set to drop by up to 20% as its joint venture with Equipsuper becomes a legal successor fund transfer. With the SFT set to finalise on June 30 and all Catholic Super members to transfer from the ...

Mary Manning exits Ellerston Capital

KANIKA SOOD  |  MONDAY, 28 JUN 2021
Ellerston Capital's portfolio manager for Asia strategies Mary Manning has resigned, and will join another boutique. Manning was the portfolio manager of the Ellerston Asia Growth Fund, which invested in Asia ex-Japan stocks and returned 1.3% over ...

Chief economist update: Japan still waiting for the sun to rise

BENJAMIN ONG  |  MONDAY, 28 JUN 2021
The upward revision to Japan's March quarter GDP growth - to an annualised rate of 3.9% (from the preliminary estimate of 5.1%) - provides cold comfort to an economy that remains stuck in a rut and continues to reel from the coronavirus pandemic. ...

Hostplus, Intrust merger now official

KANIKA SOOD  |  FRIDAY, 25 JUN 2021
The two funds have confirmed they have signed a successor fund transfer deed to chase a merger, as first revealed by Financial Standard on May 21. Hostplus and Intrust Super are targeting a completion of the merger by November 26. It is understood that ...

AMP board adds former banking chief

KARREN VERGARA  |  FRIDAY, 25 JUN 2021
A former bank chief executive has joined the board of AMP as an independent non-executive director. Michael Hirst joins the ASX-listed firm on July 1, bringing over 40 years of experience in leadership roles across funds management, treasury and banking. ...

Real estate AUM recovers

ANNABELLE DICKSON  |  FRIDAY, 25 JUN 2021
Australian real estate assets under management (AUM) dropped in 2020, but one manager has already signalled significant growth this year. The latest Fund Manager Survey by industry associations ANREV, INREV and NCREIF showed real estate AUM in Australia ...

Chief economist update: UK not there yet

BENJAMIN ONG  |  FRIDAY, 25 JUN 2021
Financial markets widely expected the Bank of England's (BOE) decision to keep current monetary policy settings unchanged at its June monetary policy committee meeting. "The MPC voted unanimously to maintain Bank Rate at 0.1%... and to maintain ...