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Showing 4141 - 4150 of 22787 results for "Funds"

BT Funds Management fined $20m

JAMIE WILLIAMSON  |  FRIDAY, 8 APR 2022
BT Funds Management has been handed a $20 million fine by the Federal Court for continuing to charge commission payments to superannuation members for seven years after they were banned. BT Funds Management charged insurance premiums that included commissions ...

Citi alumna returns to strengthen superannuation offering

CHLOE WALKER  |  FRIDAY, 8 APR 2022
... across the markets platform and continues to provide increasing opportunities in both local and offshore markets as the funds internalise their investment function and seek to increase exposure to international markets," Woodruff said. "Nicki will work ...

Spirit Super investment bought out

ELIZABETH MCARTHUR  |  FRIDAY, 8 APR 2022
... Super chief investment officer Ross Barry said. "Spirit has the ability to look to opportunities some of the larger super funds may pass over. Our direct investment in ANUConnect Ventures is a great example." He added that Spirit Super also considers ...

Labor vows to review YFYS test

RACHEL ALEMBAKIS  |  FRIDAY, 8 APR 2022
... having some unintended and negative consequences," Jones said. "We want to ensure that the quite proper objective of holding funds to account for their investment returns and costs doesn't interfere with the equally quite proper objective of funds ...

Alphinity lowers global equities fund fees

JAMIE WILLIAMSON  |  THURSDAY, 7 APR 2022
The Fidante boutique is lowering the fees on two of its global equity funds from May. Management fees on the Alphinity Global Equity Fund and the Alphinity Global Sustainable Fund will be reduced from 1.00% to 0.75%, inclusive of GST and net of RITC. ...

Magellan suffers $1bn in outflows

ELIZABETH MCARTHUR  |  THURSDAY, 7 APR 2022
... manager saw $4.7 billion of outflows from institutional investors, while $300 million came from the retail business. In total, funds under management at Magellan dropped 39% from September 2021 to March 2022. Most notably, in December 2021 UK wealth ...

28% of super products rated AAA

ELIZABETH MCARTHUR  |  THURSDAY, 7 APR 2022
... in 2022 accounts for 28% of those assessed. It is also fewer products than the 198 which received the AAA rating in 2021. Funds that received the rating include Active Super, Australian Ethical, AustralianSuper, CareSuper, Cbus, Catholic Super, HESTA ...

ASIC pushes super governance improvements

ELIZABETH MCARTHUR  |  WEDNESDAY, 6 APR 2022
... ASIC's surveillance found a lack of oversight and control measures in relation to investment switching at many super funds. The regulator said it had expected to find robust systems in place to prevent directors and senior executives from potentially ...

REI Super appoints to board

JAMIE WILLIAMSON  |  WEDNESDAY, 6 APR 2022
... Superannuation. "Having worked in the superannuation industry for over 35 years, I am a deep believer in the benefits that our super funds deliver to the Australian community," Peck said. "I am very proud to be working with REI Super to continue the ...

Mantis adds Zerocap crypto fund

ELIZABETH MCARTHUR  |  WEDNESDAY, 6 APR 2022
In its latest distribution partnership, Mantis Funds has added Zerocap's crypto fund strategies to its platform. Zerocap is a specialist crypto manager, its flagship fund is the Smart Beta Bitcoin Fund, and this is its first distribution partnership ...