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Showing 3891 - 3900 of 22787 results for "Funds"

Latest AFCA data shows big shifts in complaints

JAMIE WILLIAMSON  |  WEDNESDAY, 20 JUL 2022
... errors also increased slightly, with 506 recorded in FY22 versus 487. The majority of other complaints received about super funds focused on delays in claim handling (737), denial of claims (438), and claim amounts (342). Finally, on the life insurance ...

Pendal, Perpetual in acquisition talks

JAMIE WILLIAMSON  |  WEDNESDAY, 20 JUL 2022
... current and future value and was therefore not in shareholders' best interests. The renewed talks also follow Pendal's funds under management announcement for the June quarter which showed a drop of 11% or $12 billion. The manager now has about $111 ...

Warakirri welcomes non-executive director

CASSANDRA BALDINI  |  TUESDAY, 19 JUL 2022
... the financial services sector both domestically and internationally. He previously held chief executive roles at Victorian Funds Management Corporation (VFMC) and AXA Asia Pacific Holdings Australia & New Zealand. Currently he is on the board at MetLife ...

HUB24 posts record platform inflows

ANDREW MCKEAN  |  TUESDAY, 19 JUL 2022
... posted record platform annual net inflows of $11.7 billion, up 31.7% from the previous corresponding period (PCP). Total funds under administration (FUA) was $65.6 billion as of June 30. The FUA sum comprised of $49.7 billion (up 19.9% from the PCP) ...

Mirvac to become trustee of AWOF

ANDREW MCKEAN  |  TUESDAY, 19 JUL 2022
AMP Capital Wholesale Office Fund investors have voted to replace the trustee and manager of the fund with Mirvac Funds Management. Despite AMP Capital and Dexus putting forward a combined proposal to retain management of AMP's Capital Wholesale Fund ...

Aussies don't need so much in retirement savings: SCA

JAMIE WILLIAMSON  |  TUESDAY, 19 JUL 2022
... has developed new retirement income targets - one for pre-retirees and one for existing retirees - that it expects super funds to use in helping members determine their financial needs in later life. According to Super Consumers Australia, an individual ...

New guidance to improve super funds' understanding of ESG risks

JAMIE WILLIAMSON  |  TUESDAY, 19 JUL 2022
APRA has said it intends to issue draft guidance on how super funds can demonstrate clear understanding of ESG risks, manage those risks, and reflect ESG considerations in investment strategy. Responding to submissions to its consultation process for ...

Draft changes to super disclosure rules

ANDREW MCKEAN  |  MONDAY, 18 JUL 2022
... notices. Minister for financial services Stephen Jones' office said: "To support members in preparation for meetings, super funds are required to provide certain information with the annual member notices." But: "The current regulations do not align ...

Local ETF industry flows positive, lower FUM: BetaShares

ANDREW MCKEAN  |  MONDAY, 18 JUL 2022
... remained positive, they weren't sufficient to combat market falls, leading to the decline of the ETF industry's funds under management (FUM). BetaShares said that falling sharemarkets had acted as a headwind that caused the Australian ETF industry ...

Praemium reports 92% flow increase

CHLOE WALKER  |  MONDAY, 18 JUL 2022
The investment platform now has $40.5 billion in funds under administration, up 10% on the same time last year. Additionally, Praemium's financial year net inflows were $2.9 billion, up 92% from its prior corresponding period. Unfortunately, gross inflows ...