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Showing 21 - 30 of 293 results for %22Business Performance Review%22

BlackRock rethinks fundamental equities, PMs depart

JAMIE WILLIAMSON  |  MONDAY, 16 JAN 2023
BlackRock Australia is restructuring its fundamental equities business, in a move that's seen the departure of three portfolio managers. A spokesperson for BlackRock confirmed it is repositioning the Aussie fundamental equities business following a ...

Trustees must improve IDR processes: ASIC

JAMIE WILLIAMSON  |  FRIDAY, 9 DEC 2022
... complaints received by 35 trustees in the review period (October 2021 to February 2022), 63% were closed within five business days. Seven of the 38 funds sent more than 10% of responses after 45 days. Further, many trustees are routinely failing to inform ...

Super fund board renewals need work: APRA

JAMIE WILLIAMSON  |  MONDAY, 28 NOV 2022
... contrarian views without fear, promoting "psychological safety". "I challenge Chairs and boards across the spectrum of business models to think about how you operate as a board, how self-reflective the board really is of its own performance," Cole said. ...

APRA urges entities to strengthen risk management

CASSANDRA BALDINI  |  FRIDAY, 25 NOV 2022
... expectations for the management of operational risk as well as incorporating requirements for outsourcing (existing CPS 231) and business continuity management (existing CPS 232), as well as the execution of CPS 234 independent assessments to establish ...

Fortnum launches new adviser support service

CASSANDRA BALDINI  |  TUESDAY, 22 NOV 2022
Fortnum Private Wealth has launched a Business Optimisation Service (BOS) to help advisers improve the quality, profitability, and capital value of their businesses. The BOS program is currently being rolled out across Fortnum's network of over 90 practices ...

Super funds told to report asset valuations more frequently

ANDREW MCKEAN  |  FRIDAY, 18 NOV 2022
... would demonstrate adequate liquidity management practices equal with the nature, risk, and complexity of investments and business operations. "An RSE licensee would demonstrate how their liquidity risk tolerances are informed by characteristics of the ...

Insignia revamps wrap platform

ANDREW MCKEAN  |  MONDAY, 14 NOV 2022
... announce these exciting enhancements to continue to support advisers through the advice implementation process, manage their business, and improve their clients' investment outcomes and financial wellbeing," Spittle said. "We have strong momentum in ...

APRA proposes changes to successor fund transfers

ANDREW MCKEAN  |  FRIDAY, 11 NOV 2022
... Specifically, SPS 515 will require RSE licensees to have in place triggers for remedial action to address business performance reviews issues, including escalation steps in preparedness to undertake a complete or partial transfer of members. The regulator ...

Rest extends custody mandate with State Street

CASSANDRA BALDINI  |  TUESDAY, 8 NOV 2022
... our 11-year relationship, we are delighted to renew our partnership with Rest in an extremely important part of their business," he commented. Helyar added the acknowledgment from a leading Australian superannuation fund is a testament to State Street's ...

ClearView abandons potential takeover transactions

ANDREW MCKEAN  |  WEDNESDAY, 2 NOV 2022
... performance, the insurer is on track to grow underlying NPAT in FY23 in the range of $28.5 million to $30 million. "The business environment of the overall life insurance industry continues to show signs of improvement and ClearView remains well placed ...