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Showing 4221 - 4230 of 15784 results for "TER"

Cbus, Media Super merger progresses

JAMIE WILLIAMSON  |  TUESDAY, 15 DEC 2020
The two industry superannuation funds will move on to the next phase of merger preparations, as the smaller of the two confirms the closure of numerous investment options. Cbus and Media Super have announced they are commencing work on a merger plan ...

Australia bottoms out on fund disclosure

ANNABELLE DICKSON  |  TUESDAY, 15 DEC 2020
Australia has been given the lowest grade by a research house for being the only mutual fund market in the world that does not have regulated portfolio holdings disclosure. Morningstar's biannual Global Investor Experience (GIE) report gave Australia ...

ACCC gives IOOF go ahead

ANNABELLE DICKSON  |  TUESDAY, 15 DEC 2020
The Australian Competition and Consumer Commission (ACCC) has given its blessing for IOOF to acquire MLC Wealth as the combined firm will face competition in all aspects of wealth management. The consumer watchdog said it does not oppose IOOF's $1.4 ...

ETF Securities shutters funds

ANNABELLE DICKSON  |  MONDAY, 14 DEC 2020
ETF Securities has closed two of its exchange traded funds after failing to reach sufficient size. The ETF Securities Global Core Infrastructure ETF (CORE) and the Enhanced USD Cash ETF (ZUSD) will be terminated after the last day of trading on 29 January ...

ASIC explores value for money in default group insurance

ELIZABETH MCARTHUR  |  MONDAY, 14 DEC 2020
ASIC has published a new report, aiming to determine whether consumers are receiving value for money in default insurance in superannuation. Report 675 Default insurance in superannuation: Member value for money explores metrics that ASIC said can help ...

Superhero to launch super fund

KARREN VERGARA  |  MONDAY, 14 DEC 2020
Online trading platform Superhero will go after the $2.9 trillion superannuation market, launching an APRA-regulated fund in early 2021. While the super fund is open to everyone, it is eyeing members with an average age of 30 with a minimum of $10,000. ...

Commonwealth Super awards mandate for new strategy

ELIZABETH MCARTHUR  |  MONDAY, 14 DEC 2020
Commonwealth Superannuation Corporation, the $50 billion fund for government employees, has launched a new partnership with a sustainable asset manager. CSC and Osmosis Investment Management have partnered to launch a Resource Efficient Core Equity ...

Government fund awards mandate

ELIZABETH MCARTHUR  |  MONDAY, 14 DEC 2020
A $31.2 billion government fund has selected a new manager for its ethical investment option. ESSSuper, the government fund for emergency services, has appointed Pendal as the sole investment manager for its Ethically Minded option, effective from 11 ...

Chief economist update: An extra mile for a deal

BENJAMIN ONG  |  MONDAY, 14 DEC 2020
"They say that breaking up is hard to do Now I know I know that it's true..." - Neil Sedaka It's been three-and-a-half years since the UK decided and then filed for divorce from the European Union (EU) and 11 months into the transition period ...

How far are we from a trillion-dollar super fund?

KANIKA SOOD  |  FRIDAY, 11 DEC 2020
AustralianSuper's total assets ticked up to $200 billion, after a record-new 400,000 signups in FY20 and strong performance. As at November-end, it had over 2.3 million members from around 330,000 businesses, implying about 10% of Australia's ...