Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 411 - 420 of 6170 results for "Statement"

Funds SA chief investment officer exits

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAY 2024
... merger with AGEST Super. He's also previously held senior roles with Warakirri Asset Management and Equip Super. In a statement, Funds SA chief executive John Piteo said Friend had been an asset to the fund during his tenure. "The team has expanded significantly ...

ASIC cancels Everest Asset Management's AFSL

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2024
ASIC has canned the AFS Licence (AFSL) of the asset management firm linked to a massive money-laundering operations. Everest Asset Management, which was licensed to service wholesale clients, will no longer be operational. ASIC said it revoked the AFSL ...

RBA hints another rate rise could be on the cards

ELIZA BAVIN  |  WEDNESDAY, 22 MAY 2024
... forecasts had also placed significant weight on the downside risks to consumption," the RBA minutes said. Allen said the Statement on Monetary Policy noted that a judgement had been used to lower household consumption compared to what the models suggested ...

NovaPort Capital team calls it a day

JAMIE WILLIAMSON  |  TUESDAY, 21 MAY 2024
... review and expected decline in flows ultimately meant it was in the best interests of investors to close them. In a statement to Financial Standard, a spokesperson for Fidante further explained: "Following an extensive review, NovaPort Capital has made ...

Industry fund merger postponed

ANDREW MCKEAN  |  TUESDAY, 21 MAY 2024
... Super and TWUSUPER have reported "significant progress" towards their merger, but it has been pushed back. In a joint statement, the super funds announced that their merger to form TEAM Super has been rescheduled from early 2024 to early 2025. They did ...

Cbus deputy CIO exits

KARREN VERGARA  |  MONDAY, 20 MAY 2024
... Alexandra's calibre and sincerely wish her all the best in her future endeavours," a Cbus spokesperson said in a statement. Campbell will stay with the fund until the end of June.

CalSTRS appoints chief investment officer

ANDREW MCKEAN  |  THURSDAY, 16 MAY 2024
... investment policies, strategies, and initiatives; managing the budget; and overseeing all CalSTRS investment portfolios. A statement from CalSTRS said he'll draw on his decades of "financial expertise" and "institutional investment experience" in directing ...

Former super fund adviser receives permanent ban

JAMIE WILLIAMSON  |  TUESDAY, 14 MAY 2024
A financial adviser, who worked at several major superannuation funds, has been permanently banned after he tried to persuade clients to transfer their retirement savings into a bank account he controlled. Effective May 10, Kudzanai Philip Dzawo of ...

APRA 'continuing to monitor' UniSuper outage

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024
... confirms it is monitoring the situation which arose when the fund's private cloud was inadvertently deleted. In a brief statement to Financial Standard, APRA said it is "aware of the system outage affecting services and is continuing to monitor the ...

Litigation funder disputes AMP BOLR settlement

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2024
... led the class action on behalf of applicants. The settlement approval hearing is set to commence on August 29. In a statement to Financial Standard, an AMP spokesperson said: "AMP Financial Planning is ready to pay the class action's agreed settlement ...