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Showing 411 - 420 of 1585 results for "Light"

Aware Super unaware of members with disabilities

KANIKA SOOD  |  MONDAY, 20 JUL 2020
First State Super's planned rebrand to Aware Super last week ran into trouble when the fund failed to disseminate the information in formats accessible to all members. A First State Super member, who has a hearing impairment, wrote to the fund's ...

Stimulus stutters amid record unemployment

ELIZABETH MCARTHUR  |  FRIDAY, 17 JUL 2020
... welcomed by state governments and the small business ombudsman, many others called for an extension to JobKeeper as priority in light of the increased unemployment numbers. J.P. Morgan Asset Management global market strategist Kerry Craig said although ...

Merged First State Super reveals new brand

KANIKA SOOD  |  WEDNESDAY, 15 JUL 2020
The $120 billion fund has picked a new name, with the First State Super name expected to be dropped from September. Meanwhile VicSuper's brand name will be retained for the interim. Both First State Super and StatePlus brand names will be replaced ...

Australian Ethical divests Mercer parent company

ALLY SELBY  |  MONDAY, 13 JUL 2020
Australian Ethical has pulled the plug on a $5 million shareholding in Marsh & McLennan, pointing to the provision of insurance services to a mining conglomerate as grounds for the divestment. The investment in Marsh & McLennan was held in the firm's ...

Capital raising relief measures extended

ALLY SELBY  |  FRIDAY, 10 JUL 2020
... impacted by the COVID-19 pandemic further time to raise urgently needed capital, the ASX said. "The decision was made in light of the high and increasing levels of COVID-19 infections in major overseas markets, recent events in Victoria, and the present ...

Financial institution charged over Epstein scandal

ELIZA BAVIN  |  THURSDAY, 9 JUL 2020
... hundreds of transactions totaling millions of dollars that, at the very least, should have prompted additional scrutiny in light of Epstein's history," the DFS said. Deutsche Bank agreed to pay the fine, and DFS said it allowed a number of transactions ...

Balanced options in the red, but only just

ALLY SELBY  |  TUESDAY, 7 JUL 2020
The balanced options of the majority of the country's super funds are only just in the red after suffering through an unprecedented period of market volatility. Rainmaker Information executive director of research Alex Dunnin argues they have made ...

QSuper culls comprehensive advice

KANIKA SOOD  |  FRIDAY, 3 JUL 2020
The $110 billion industry fund will stop offering comprehensive advice to new customers on July 6 and cut over 50 positions, as it sees demand for holistic advice fall. QSuper chief executive Michael Pennisi said the decision is based on several years ...

Industry fund eyes KiwiSaver accounts

KANIKA SOOD  |  THURSDAY, 2 JUL 2020
... at May, 2020 for the same balance. The 45bps improvement pulled the fund from the darkest color on the map (crimson) to a light yellow. "We have got the [APRA heat map] results yesterday. We've moved down the curve, maintained investment returns ...

Super fund members compensated

JAMIE WILLIAMSON  |  FRIDAY, 26 JUN 2020
... management sitting at $5.5 billion. About 86% of this is in its MySuper option. "Aon would like to assure its clients that in light of the learnings from this process, it has reviewed and will continue to review its compliance and audit procedures to ...