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Showing 4551 - 4560 of 21914 results for "Fund."

LGIAsuper, Energy Super change fees

ANNABELLE DICKSON  |  WEDNESDAY, 27 OCT 2021
The newly merged LGIAsuper and Energy Super have scrapped a weekly administration fee and will retain an annual fee as a result of scale benefits. Members of the superannuation fund will no longer be charged a $1 weekly administration fee and will pay ...

Centuria, MAF make joint acquisition

ANNABELLE DICKSON  |  WEDNESDAY, 27 OCT 2021
Centuria Capital Group and MA Financial Group (MAF) have partnered to acquire an office site in Adelaide. Both groups will take a 50% interest in 25 Grenfell Street in the Adelaide CBD for $83.3 million each. The 24-level office building will be jointly ...

Super executives switching options in conflict: ASIC

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 OCT 2021
ASIC has released the results of surveillance into investment switching by super fund executives during market volatility at the start of the pandemic, finding possible conflicts of interest. ASIC looked at a sample of 23 trustees (including trustees ...

GQG Partners celebrates IPO

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 OCT 2021
Fund manager GQG Partners has listed on the ASX in an oversubscribed initial public offering and with an implied value of nearly $6 billion. GQG's IPO offer price was $2 a share and its share price fell slightly after listing to $1.95. The fund manager's ...

No proof of member benefit: APRA on super fund spends

JAMIE WILLIAMSON  |  TUESDAY, 26 OCT 2021
APRA has found instances of expenditure by superannuation funds that does not meet the best financial interests of members, including sponsorship deals and advertising spends with no evidence of member benefit. Releasing its review of RSE licensee marketing ...

Future Fund hits $199 billion

ELIZABETH MCARTHUR  |  TUESDAY, 26 OCT 2021
Future Fund's latest portfolio update shows the sovereign wealth fund is just shy of hitting $200 billion. "After the exceptional 22% return in 2020-21, the Future Fund continued to grow in the September 2021 quarter. Delivering a 10-year return of ...

Law firm adds financial services partner

JAMIE WILLIAMSON  |  MONDAY, 25 OCT 2021
Corrs Chambers Westgarth has appointed a new partner in financial services regulatory specialist Steven Rice. Rice joined the Corrs Financial Services Group team earlier this month, based in Sydney. He specialises in financial services, financial markets ...

Government-run super would leave members worse off: ISA

KARREN VERGARA  |  MONDAY, 25 OCT 2021
... "This plan would funnel millions of Australian workers into an expensive and poor performing government-controlled super fund - all so politicians can get their hands on people's money. Workers' savings would become a slush fund for pork-barrelling by ...

Sally Loane resigns as FSC chief

JAMIE WILLIAMSON  |  FRIDAY, 22 OCT 2021
The Financial Services Council has announced that Sally Loane will step down as chief executive at the end of the year. Loane has led the industry body for seven years, including through the Royal Commission and its aftermath. In her time, Loane was ...

U Ethical hires fixed income PM

ANNABELLE DICKSON  |  FRIDAY, 22 OCT 2021
The ethical investment firm is expanding its investment team with the appointment of a fixed income and cash portfolio manager. Amanda Lin joined U Ethical from Omega Global Investors where she managed portfolios from research and data management to ...