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Showing 4621 - 4630 of 9317 results for "Red"

Group insurance critical: FSC

KERRIE SYDEE  |  THURSDAY, 8 DEC 2016
Insurance within superannuation is critical to curbing Australia's underinsurance problem, with group insurance giving more than nine out of 10 working Australians cover they wouldn't necessarily otherwise have. Submitting to the Parliamentary Joint ...

Economic Wrap

BENJAMIN ONG  |  THURSDAY, 8 DEC 2016
US JOLTS report The Job Openings and Labor Turnover Survey (JOLTS) showed that job openings in America fell by 97K to 5.53 million in October (in line with expectations) from 5.63 million in the previous month (upwardly revised from 5.49 million), taking ...

BMW caught on car loan failures

JAMIE WILLIAMSON  |  TUESDAY, 6 DEC 2016
BMW Finance must contribute $5 million to financial literacy and consumer advocacy initiatives as part of Australia's largest consumer credit remediation program, including an enforceable undertaking accepted by ASIC. BMW Finance will provide $77 million ...

Pengana boosts adviser distribution footprint

ALEX BURKE  |  MONDAY, 5 DEC 2016
Throughout 2016, Pengana Capital built out a nine-person business development and client service team targeting the financial adviser market. The firm's six active equity strategies, which collectively hit a $2 billion funds under management milestone ...

Pillar sold to Mercer

DARREN SNYDER  |  FRIDAY, 2 DEC 2016
Mercer is upping its stakes in superannuation administration by acquiring Pillar from the NSW Government for $35 million. The deal establishes Mercer as one of the largest outsourced superannuation providers in Australia, increasing funds under administration ...

Asset managers must consider multi-asset

KERRIE SYDEE  |  FRIDAY, 2 DEC 2016
Asset managers looking to win business in an increasingly outsourced world must consider becoming multi-asset specialists, according to new research from Cerulli Associates. The Cerulli Edge - Global Edition found that a shift in focus to selling multi-asset ...

FOS and CIO should merge: report

ALEX BURKE  |  THURSDAY, 1 DEC 2016
The Financial Ombudsman Service and the Credit and Investments Ombudsman would be better off as a single entity, according to a new Financial Counselling Australia report. The report, based on a survey of FCA members, found that 75% of financial counsellors ...

Lonsec adds AB fund to portfolios

JAMIE WILLIAMSON  |  WEDNESDAY, 30 NOV 2016
AllianceBernstein's AB Managed Volatility Equities Fund has been added to Lonsec's core model portfolios. The firm is delighted with the recognition, with AB chief executive - Australia, Jen Driscoll saying it highlights the excellent performance of ...

Part-pensioners short-changed by asset test changes

ALEX BURKE  |  WEDNESDAY, 30 NOV 2016
Up to 300,000 part-pensioners will have to make significant changes to their retirement income strategy to avoid losing out to the 2017 asset test changes, according to Plato Investment Management research. Plato's research found that in order to maintain ...

Life insurance commissions bill passes lower house

ALEX BURKE  |  WEDNESDAY, 30 NOV 2016
Significant changes to life insurance commissions for advisers from 2018 are almost a reality following The Corporations Amendment (Life Insurance Remuneration Arrangements) Bill 2016 passing in the House of Representatives. Should the legislation also ...