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Showing 21 - 30 of 209 results for "Hole"

Magellan shuns turnaround companies

KARREN VERGARA  |  FRIDAY, 4 FEB 2022
... manager St James' Place eroded funds under management, abruptly walking away with $23 billion and leaving a 12% gaping hole in revenue. Total FUM declined 15% to $95.5 billion in the space of three months between September and December 2021. In the ...

Aussies in the dark over super stapling

ANNABELLE DICKSON  |  MONDAY, 1 NOV 2021
... performance test," Industry Super Australia chief executive Bernie Dean said. "Being stuck to a dud fund could punch a huge hole in a person's nest egg, and that is going to limit how much they enjoy life in retirement - people should make sure they ...

FSC suggests CSLR improvements

KARREN VERGARA  |  MONDAY, 20 SEP 2021
The Financial Services Council has highlighted numerous holes in the Compensation Scheme of Last Resort in a bid to prevent financial advisers that "have done nothing wrong" from paying for the scheme. The FSC is calling on corporate regulator ASIC ...

Economic recap: Week to August 27

BENJAMIN ONG  |  MONDAY, 30 AUG 2021
... "mission accomplished" in the planet's war against the COVID-19 pandemic, the Fed's annual Kansas City Fed's Jackson Hole symposium is the most widely anticipated event of this year. The mountain resort in Wyoming had, after all, been the ...

Insurers dodging Royal Commission reform

ELIZABETH MCARTHUR  |  MONDAY, 12 JUL 2021
Last week, the federal government announced exemptions for the insurance industry in relation to Royal Commission reforms. According to the Consumer Action Law Centre, these exemptions allow the insurance industry to side-step the Royal Commission recommendations ...

More super tax concessions on table

ELIZABETH MCARTHUR  |  THURSDAY, 17 JUN 2021
... a product with poorer performance. "Senators that vote to shackle workers to the worst performing funds will punch a huge hole in the savings of many Australians," ISA chief executive Bernie Dean said. "Senators know full well that most people don't ...

Super funds back carbon startup

ELIZABETH MCARTHUR  |  TUESDAY, 15 JUN 2021
... easily reconcile these concerns with an accurate assessment of businesses' exposure or strategies. This left a big gaping hole in the analytical toolkit." Aware Super head of responsible investment Liza McDonald added: "At Aware Super we view climate ...

Chief economist update: Inflation scare

BENJAMIN ONG  |  THURSDAY, 13 MAY 2021
... inflation to achieving "achieve inflation that averages 2 percent over time" - announced on the 27 August 2020 at Jackson Hole. Finally, the financial markets' reaction to sooner-than-later Fed tightening could, in itself, fulfil the Fed's prophecy ...

QSuper pokes holes in YFYS legislation

KANIKA SOOD  |  FRIDAY, 26 MAR 2021
QSuper says the Your Future, Your Super bill's proposals may result in higher operational costs at superannuation funds and delays in decision-making, alongside less talent for their boards. In its submission to the YFYS consultation, the industry ...

Raiz expands to SMSF market

ANNABELLE DICKSON  |  FRIDAY, 19 MAR 2021
... rebalancing. "We are growing with our customers. We look at it, we assess it, and then we build it and then hopefully it fills that hole that they're asking for," Malone said. The 14 ETF options available to add to the custom portfolio are BetaShares ...