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REST creates two new management roles

DARREN SNYDER  |  FRIDAY, 6 NOV 2015
REST Industry Super has created two new management roles in a bid to further drive the $37 billion fund's customer service and investments arms. Joining REST as general manager customer service is Beth Parkin, who will report to chief operating officer ...

AMP Capital targets $2.8bn infrastructure raising

LAURA MILLAN  |  FRIDAY, 6 NOV 2015
AMP Capital has started to raise capital for its Infrastructure Debt Fund III (IDF III), which targets US$2 billion ($2.79 billion) from global institutional investors. The fund is AMP Capital's third infrastructure debt fund in five years and comes ...

Mother's Day

BENJAMIN ONG  |  FRIDAY, 6 NOV 2015
It's that time of the month again folks, the time of great anticipation for the coming of mother - the mother of all eco stats, that is. So wipe your microscopes clean and sharpen your scalpels. We'll need them to dissect and distil and scour the latest ...

JPM awarded industry fund research mandate

LAURA MILLAN  |  WEDNESDAY, 4 NOV 2015
J.P. Morgan Asset Management will provide research, investment and economic insights to one of Australia's largest industry superannuation funds. Sunsuper will be able to access the managers "investment specialists, portfolio managers and research teams," ...

ASIC revenue and investigations decrease in 2015

ALEX BURKE  |  MONDAY, 2 NOV 2015
... previously). Average time to complete criminal (16 months) and civil (28 months) investigations in 2014-15 has stayed relatively close to the four-year average (19 months in both cases). Similarly, while the number of breach reports from auditors and ...

Rusting still

BENJAMIN ONG  |  MONDAY, 2 NOV 2015
Iron ore prices have tried to get back up twice this year, only to be knocked back down each time. After dropping to a 10-year low of US$46.70 a tonne back in April this year, the price of iron ore rallied by 40% to US$65.40 a tonne by mid-June only ...

Growth of women on boards painfully slow: ACSI

DARREN SNYDER  |  FRIDAY, 30 OCT 2015
During the 2014 financial year 37% of new director appointments in the ASX100 were women, reportedly reflecting an overarching market focus on board gender diversity. The statistic comes from the latest Australian Council of Superannuation Investors' ...

NAB sells insurance business to Nippon Life

LAURA MILLAN  |  WEDNESDAY, 28 OCT 2015
National Australia Bank (NAB) has sold 80% of its MLC life insurance business to Japanese insurer Nippon Life for $2.4 billion. NAB will retain ownership of its superannuation, platforms, advice and asset management businesses. It will also retain the ...

AFA Adviser, Practice of the Year named

MARK SMITH  |  WEDNESDAY, 28 OCT 2015
David Reed from The Retirement Advice Centre was presented with the 2015 AFA Adviser of the Year Award at the close of another successful national conference in Cairns. At the same time, Kearney Group took home the coveted Practice of the Year Award. ...

Deloitte super plan could save budget $6bn

DARREN SNYDER  |  MONDAY, 26 OCT 2015
... "Depending on how the super savings are used - to cut taxes that really hurt our economy, or to fund social spending, or to help close the Budget deficit - the resultant package could appropriately help Australians to work, invest and save. For example ...