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Showing 4021 - 4030 of 22787 results for "Funds"

AMP establishes AMP Investments

JAMIE WILLIAMSON  |  TUESDAY, 31 MAY 2022
... Investments. Run by chief investment officer Anna Shelley, AMP Investments oversees $84.7 billion in assets which includes funds held in superannuation for more than one million Australians, as well as on platform and in investments for external institutional ...

Diversa culls more products

JAMIE WILLIAMSON  |  MONDAY, 30 MAY 2022
... federal government and regulatory bodies. These changes have increased the complexity and cost of administering superannuation funds resulting in potentially poor outcomes for members where there is insufficient scale." Meanwhile, the Allan Gray Superannuation ...

Calls for Indigenous super beneficiary changes renewed

ANDREW MCKEAN  |  MONDAY, 30 MAY 2022
... seeks to improve superannuation outcomes for Indigenous people. The working group's members include super bodies, super funds, and representation from the First Nations Foundations. This latest lobbying effort builds on previous attempts by AIST to urge ...

A mixed year for super: KPMG

ANDREW MCKEAN  |  MONDAY, 30 MAY 2022
... Super scheme continued to impact membership. The early release payments and the first stage closure of eligible rollover funds contributed to a 5% reduction in the number of member accounts. Member accounts fell from 22 million to 20.8 million. However ...

ANZ sued by ASIC

CASSANDRA BALDINI  |  MONDAY, 30 MAY 2022
... remediated. ASIC deputy chair Sarah Court said: "We are concerned that, over a long period of time, ANZ overstated the available funds and balances on credit card accounts, and nonetheless charged fees and interest to customers who relied on this information ...

Fossil fuel divestment bill passes California Senate

JAMIE WILLIAMSON  |  FRIDAY, 27 MAY 2022
The California Senate passed a bill overnight prohibiting the United States' two largest public pension funds from investing in the world's top 200 fossil fuel companies and require them to divest any existing holdings by 2030. The California ...

Vanguard terminates multi-factor active ETF

JAMIE WILLIAMSON  |  FRIDAY, 27 MAY 2022
... marked the first global multi-factor ETF available in Australia. In that time, it has only amassed about $47 million in funds under management. As the responsible entity, Vanguard said it considered the alternatives but ultimately decided it was best ...

Super funds to reach $1tn by 2040: KPMG

ANDREW MCKEAN  |  FRIDAY, 27 MAY 2022
A recently released KPMG Super Insights report shows Australia could have at least two super funds with over $1 trillion in assets in the next 20 years. KPMG insights suggest AustralianSuper and the Australian Retirement Trust (ART) will dominate the ...

Managed account market reaches $175bn

CHLOE WALKER  |  FRIDAY, 27 MAY 2022
Funds under administration (FUA) in managed accounts platforms increased by almost 50% per annum in the last three years alone, according to Rainmaker Information. Analysing figures previously published by the Institute of Managed Account Professionals ...

JBWere seals strategic alliance with Lombard Odier

ANDREW MCKEAN  |  FRIDAY, 27 MAY 2022
... alliance will allow clients of JBWere to have a direct banking relationship with Lombard Odier to gain access to the bank's funds, open architecture platform and investment solutions. This relationship will also give JBWere clients access to Lombard ...