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Showing 3641 - 3650 of 28255 results for "NOT"

Rest bolsters impact portfolio with private equity investment

ANDREW MCKEAN  |  FRIDAY, 30 JUN 2023
... Impact Fund investment, a Rest spokesperson said it's a reflection of the fund's commitment to opportunities that not only yield strong financial returns but also measurable social and or environmental benefits.

Cbus delivers strong returns, grapples property headwinds

ANDREW MCKEAN  |  FRIDAY, 30 JUN 2023
Cbus is poised to deliver solid results for its members this year, forecasting a return of about 8.5%, according to newly appointed chief investment officer Brett Chatfield. Speaking with Financial Standard, Chatfield credited the result to a combination ...

AUSTRAC drops action after Bell FG audit

CASSANDRA BALDINI  |  FRIDAY, 30 JUN 2023
The regulator confirmed it will not take further action against Bell Financial Group's three subsidiaries following an audit of its financial crime law compliance. Last February, AUSTRAC ordered an external auditor assess Bell Potter Securities ...

HESTA dumps Link as administrator

JAMIE WILLIAMSON  |  FRIDAY, 30 JUN 2023
... 1HFY23 results, Link said it had extended its mandate with HESTA for another year. However, HESTA has now notified Link it will not be renewing its contract again. Instead, the $72 billion industry fund has signed on with GROW Inc., which currently serves ...

BlackRock raises $500m for Super Battery

ANDREW MCKEAN  |  THURSDAY, 29 JUN 2023
... Super's target of creating a carbon neutral investment portfolio by 2030. By investing in this innovative project, we are not only driving positive environmental impact but also generating long-term value for our members and stakeholders." Recently ...

Smart beta ETP market share matures: Morningstar

ANDREW MCKEAN  |  THURSDAY, 29 JUN 2023
... differentiating between seemingly similar strategies," Morningstar said. "Products with high fee tags and ones that that have not gathered assets are expected to be prone to closure as the strategic-beta ETP market consolidates further." Australian smart ...

Inflation drops to 5.6%

CASSANDRA BALDINI  |  THURSDAY, 29 JUN 2023
... RBA's decision ahead of its board meeting next week. "The Reserve Bank board takes its decisions independently... I try not to pre-empt those decisions or second guess those decisions," he said. "They [RBA board] will weigh up the fact that inflation ...

Performance test excluding retirement products is "crazy": Podcast

CASSANDRA BALDINI  |  THURSDAY, 29 JUN 2023
... think that's probably giving a leave pass to those funds, which are operating higher fee products," he said. "We're not really persuaded by the idea that these higher fees are justified. So, including in the benchmark, a higher fee assumption ...

Adviser levy tripled, labelled "deeply unfair"

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
... the indicative cost recovery follows minister for financial services Stephen Jones confirming the adviser levy freeze would not continue. In response to the tripling of the levy, the Financial Advice Association Australia (FAAA) called for the freeze ...

Trustees must do better on account consolidation: ASIC

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
Super funds are not doing enough to address duplicate member accounts, with an ASIC review forcing some trustees to remediate members. Under the Superannuation Industry (Supervision) Act 1993, super trustees must have processes in place to tackle multiple ...