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Showing 3681 - 3690 of 10553 results for "BEI"

Industry fund appoints chair

KARREN VERGARA  |  THURSDAY, 18 JUL 2019
A $2.7 billion industry superannuation has welcomed a new chair, as well as a deputy chair. Janet Torney has been appointed chair of Club Plus Super, while Steve Whan is the new deputy chair. Torney takes over from Tara Moriarty, who stepped down after ...

NFP funds dominate group insurance market

KARREN VERGARA  |  THURSDAY, 18 JUL 2019
While not-for-profit funds continue to hold the lions' share of the group insurance market, new research reveals corporate fund members are more likely to take-up default insurance. After examining insurance options available via 220 products, Rainmaker's ...

ISA lays out $416bn super saving plan

HARRISON WORLEY  |  THURSDAY, 18 JUL 2019
The peak body for industry superannuation wants to see workers' retirement savings follow them from job to job by automatically rolling over into a single fund. Laying bare its plan to save $416 billion in retirement savings, Industry Super Australia ...

Russell launches next gen managed accounts

ELIZABETH MCARTHUR  |  THURSDAY, 18 JUL 2019
Russell Investments launched what it is calling a "next generation" suite of multi-asset managed accounts - the first managed accounts offering for the investment giant. The offering comes in response to the growing adviser and investor preference for ...

APRA endorses review recommendations

KARREN VERGARA  |  WEDNESDAY, 17 JUL 2019
APRA said it welcomes the Capability Review's "ambitious agenda" that aims to shakeup its culture and enforcement powers. Of the 24 recommendations from the Graeme Samuels-led Capability Review, APRA is endorsing the 19 recommendations dedicated ...

APRA forced to overhaul culture, capabilities

KARREN VERGARA  |  WEDNESDAY, 17 JUL 2019
The prudential regulator has been criticised for its poor culture, leadership and regulation of the superannuation sector following a landmark review that will force it to overhaul its entire structure. The Australian Prudential Regulation Authority ...

Reform implementation timeframe too short: AustralianSuper

HARRISON WORLEY  |  WEDNESDAY, 17 JUL 2019
The Government's move to require superannuation trustees to stop providing opt-out insurance to new members under-25 or with low balance accounts by October 1 has riled Australia's largest fund. Airing the fund's position on the Government's ...

OnePath receives first Life Code sanction

JAMIE WILLIAMSON  |  WEDNESDAY, 17 JUL 2019
OnePath is the subject of the first sanction to be issued by the Life Code Compliance Committee for failure to stop selling a non-compliant product and remediate customers by an agreed deadline. In July 2017 OnePath self-reported its ANZ Loan Protection ...

Grattan Institute chief retires

ELIZABETH MCARTHUR  |  TUESDAY, 16 JUL 2019
Grattan Institute chief executive John Daley announced his retirement from the think-tank after a decade in the role. Daley will be stepping down from his position when his contract finishes in July 2020. Chair of Grattan Institute Alex Chernov said ...

JP Morgan-linked ship in US $1bn drug bust

KANIKA SOOD  |  MONDAY, 15 JUL 2019
A large container ship being linked to J.P. Morgan Asset Management has been the subject of a US $1 billion cocaine bust in the United States. The ship, MSC Gayane, is owned by a fund run by JP Morgan's asset management unit, according to CNN Business. ...