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Showing 4301 - 4310 of 22787 results for "Funds"

Retirement Income Covenant, CCIV reforms pass

KARREN VERGARA  |  FRIDAY, 11 FEB 2022
... Retirement Income Covenant and Corporate Collective Investment Vehicle regime, passed parliament yesterday. Superannuation funds will have to provide a retirement income strategy for members to assist them in their later years under the new RIC legislation ...

Investors Mutual appoints strategic relationship manager

CHLOE WALKER  |  FRIDAY, 11 FEB 2022
... oversee IML's strategic relationships with national advice groups and stockbrokers. In addition to its own Australian equity funds, IML has recently partnered with fellow affiliate Loomis Sayles to launch the Loomis Sayles Global Equity Fund and more ...

Hostplus hits members with new fee

ELIZABETH MCARTHUR  |  THURSDAY, 10 FEB 2022
... trustee does not have sufficient capital to pay the penalty." Hostplus is just the latest in a series of profit to member funds which have gone to the Supreme Court for approval to create "rainy day funds" in case of fines. The changes to the SIS Act ...

PE Capital in liquidation

KARREN VERGARA  |  THURSDAY, 10 FEB 2022
PE Capital Funds Management is now in liquidation after the Federal Court found that it operated managed investment schemes without an AFSL and engaged in misleading and deceptive conduct. The court found that over $16 million was invested in the registered ...

Inflation hitting retiree budgets: ASFA

CHLOE WALKER  |  THURSDAY, 10 FEB 2022
... budgets are under threat by the rise of everyday living expenses, according to findings from the Association of Superannuation Funds of Australia (ASFA). ASFA's Retirement Standard for the December 2021 quarter indicates that couples aged around ...

New APAC institutional lead at abrdn

JAMIE WILLIAMSON  |  THURSDAY, 10 FEB 2022
... build-up of institutional client business in the region, and for fostering partnerships with official institutions, pension funds, and financial institutions," abrdn said. Reporting directly to regional chief executive Rene Buehlmann, Tang's appointment ...

Alternatives platform hires from GAM

KARREN VERGARA  |  WEDNESDAY, 9 FEB 2022
... Altive facilitates investments at a minimum of US$100,000 across venture capital, private equity, infrastructure, hedge funds and cryptocurrency for institutional groups.

Magellan fund loses $1bn in five months

KARREN VERGARA  |  WEDNESDAY, 9 FEB 2022
... Douglass announcing his divorce and taking a medical leave of absence have led to shrinking FUM and analysts reassessing the funds. The broader ETP sector saw FUM leap 45% year on year to $137.5 billion. Some $27 billion came from net flows and products ...

AustralianSuper appoints retirement solutions lead

KARREN VERGARA  |  WEDNESDAY, 9 FEB 2022
... before in merged with AustralianSuper in early December 2021, which contributed $3.2 billion to the merged entity's funds under management. AustralianSuper is in the process of merging with the $7.4 billion LUCRF Super. The merger is expected to ...

Economics Committee to examine rainy day funds

CHLOE WALKER  |  TUESDAY, 8 FEB 2022
The House Economics Committee is going to examine the rainy day funds created by superannuation funds following recent amendments made to the Superannuation Industry (Supervision) Act 1993. The hearing, scheduled for February 10, is part of the committee's ...