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Showing 441 - 450 of 1901 results for "Wen"

OpenMarkets raises $10m, moves up ranks

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAR 2021
OpenMarkets is set to list later this year, having secured $10 million in a pre-IPO fund raise as it overtook CMC Markets as second-largest retail broker in Australia. Now trailing only CommSec, OpenMarkets says feedback from investors in the oversubscribed ...

APRA calls out poor group insurance practices

KARREN VERGARA  |  TUESDAY, 9 MAR 2021
The prudential regulator has lambasted the group insurance sector for several practices it deems disagreeable, casting doubt over the future viability of insurance provided via superannuation. APRA recently wrote to superannuation funds and life insurers ...

Cost of living eroding super: ASFA

KARREN VERGARA  |  THURSDAY, 4 MAR 2021
The cost of food and healthcare continue to eat up retirees' nest eggs, according to a retirement index that shows overall day-to-day necessities are becoming too expensive. The latest estimates from the Association of Superannuation Funds of Australia ...

Australian equities funds downgraded

ANNABELLE DICKSON  |  MONDAY, 1 MAR 2021
Morningstar's latest report card for Australian equities funds has downgraded more funds, including strategies from Pendal and Fidelity, than it upgraded. Morningstar's latest Australian Equities Sector Wrap downgraded 10 funds, upgraded nine and commenced ...

ASIC takes NAB to court

KANIKA SOOD  |  THURSDAY, 25 FEB 2021
The corporate regulator has taken NAB to the Federal Court, alleging the bank wrongly charged customers fees for at least 12 years. The regulator yesterday filed initial documents with the Federal Court's Queensland registry, seeking orders that NAB ...

PIMCO names Asia Pacific lead

KARREN VERGARA  |  THURSDAY, 25 FEB 2021
PIMCO has named a new lead for its Asia Pacific business as part of an executive shuffle announced overnight. The global fixed income fund manager promoted Alec Kersman as the head of Asia Pacific, leaving behind his role of head of strategic accounts ...

Government fund names new chief executive

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 FEB 2021
A $2.3 billion government fund has announced that its chief executive of 13 years is departing, with a replacement from a merging industry fund stepping into the role. Michelle Wade has resigned from AvSuper after 13 years leading the fund. She will ...

Investors on red alert despite vaccines

KARREN VERGARA  |  MONDAY, 22 FEB 2021
Despite the promise and optimism of COVID-19 vaccines, professional investors continue to worry about the pandemic's economic impact, a global study of 400 reveals. Natixis Investment Managers' annual 2021 Professional Fund Buyer Outlook, conducted ...

Chief economist update: Patience is the word

BENJAMIN ONG  |  THURSDAY, 18 FEB 2021
The US economy is not out of the woods yet and therefore, worrywarts need not be concerned over rising inflation - that would prompt the Fed taper policy accommodation. "Participants observed that the economy was far from achieving the committee's ...

Industry fund promotes for GM role

JAMIE WILLIAMSON  |  FRIDAY, 5 FEB 2021
A major industry superannuation fund has promoted from within to fill a vacant general manager position. Rest's head of operations David Madden has been promoted to general manager, administration solutions and governance. He replaces Kieran Varcoe ...