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Showing 4491 - 4500 of 11511 results for "DIV"

Wealth manager appoints former NSW Premier to chair foundation

HARRISON WORLEY  |  WEDNESDAY, 6 FEB 2019
A former NSW Premier will chair a foundation supported by an Islamic superannuation fund. Bob Carr has been appointed as chairman of Crescent Foundation, the charity supported by Islamic superannuation fund Crescent Wealth. The former New South Wales ...

ASIC enforcement must get tough: Commissioner

KANIKA SOOD  |  TUESDAY, 5 FEB 2019
ASIC's enforcement arm must wrangle more muscle but it should be separated from the regulator's day-to-day dealings with its subjects, the Royal Commission final report said. Commissioner Kenneth Hayne said when ASIC identifies misconduct, its starting ...

OPINION: Post RC, where to now for retail super?

ALEX DUNNIN  |  MONDAY, 4 FEB 2019
After a damning report card by the Royal Commission, the big question is where to now for retail superannuation and its advisory network ecosystem? At least we know what's not part of the answer: the status quo. Retail superannuation may not be ...

SMSF investments reach far and wide

HARRISON WORLEY  |  MONDAY, 4 FEB 2019
Seeking diversification, self-managed superannuation funds are pushing more retirement funds into assets such as marina berths and indigenous artworks. Latest research from SuperConcepts reveals the big ticket items held within SMSFs. Gold and silver ...

Outflows dent IOOF advice, funds businesses

KARREN VERGARA  |  MONDAY, 4 FEB 2019
IOOF recorded net outflows of $481 million in its financial advice and funds management businesses during the final quarter of 2018. The advice business suffered $295 million of net outflows despite completing the transition of 661 former ANZ-aligned ...

Superannuation smashes gender diversity goals

KARREN VERGARA  |  SUNDAY, 3 FEB 2019
The superannuation fund industry has smashed industry targets of female representation on boards, latest APRA figures show. The number of women represented on boards has increased 9.2% over the last four years, according to APRA's annual super bulletin. ...

Janus Henderson pulls out of Aussie equities

KANIKA SOOD  |  THURSDAY, 31 JAN 2019
Janus Henderson Investors is shutting down its Australian equities funds and will return about $490 million of capital to investors. "Over the past 18 months, the manager's Australian equity (AEQ) investment desk has found it challenging to meaningfully ...

Mercer names new people and culture lead

KARREN VERGARA  |  THURSDAY, 31 JAN 2019
Mercer has appointed a new people and culture leader for the region; meanwhile Yolanda Beattie has exited as the lead for diversity and inclusion practice. Gaye Morris will lead a workforce of 2000 in Australia and New Zealand, bringing 20 years' ...

Formica finds new CEO role

DARREN SNYDER  |  WEDNESDAY, 30 JAN 2019
Former Janus Henderson Group co-chief executive Andrew Formica is joining Jupiter Fund Management as its new leader in March. Formica will replace current Jupiter chief executive Maarten Slendebroek, who is transitioning out of his role and finishing ...

Ponzi scheme fined $1.4bn

KANIKA SOOD  |  WEDNESDAY, 30 JAN 2019
A Ponzi scheme that allegedly duped 8400 retail investors in the US has been ordered to pay US$1 billion in penalties and disgorgement. Woodbridge Group of Companies LLC and its former owner and chief executive Robert H. Shapiro lured retail investors ...