Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 31 - 40 of 100+ results for "March"

Westpac sells life insurance unit

KARREN VERGARA  |  MONDAY, 9 AUG 2021
... 40% share of group insurance at $2.4 billion and 20% of the individual risk lump sum segment of $1.4 billion at the end of March 2021. "This acquisition will enhance TAL's scale and investment capability for the benefit of all of our customers and ...

Rest closes basic cash option

KANIKA SOOD  |  WEDNESDAY, 4 AUG 2021
... fees over rolling one-year periods. It's 10-year annualised return at June end was 2.18%, while the one-year return to March end was 0.86%. The basic cash option had about $159 million in total assets. Superannuation funds reported a median return ...

CPP Investments APAC lead to depart

JAMIE WILLIAMSON  |  WEDNESDAY, 4 AUG 2021
... take on the role of global head of private equity, working with 160 private equity fund managers and other partners. As at March 31, the private equity department managed more than $125 billion in assets. "Suyi's background in private equity, extensive ...

Six Park lowers minimum investment to $2k

ELIZABETH MCARTHUR  |  WEDNESDAY, 4 AUG 2021
... Six Park has lowered its minimum investment to just $2000, down from the $10,000 minimum it had at the start of 2020. In March 2020, Six Park first tested out lowering its minimum investment - slashing the $10,000 minimum to $5000. Clients investing ...

Retail fund tops MySuper tables for FY21

KANIKA SOOD  |  MONDAY, 2 AUG 2021
... conflicted remuneration in breach of Corporations Act to distribute the fund to 390,000 customers. CBA denied the allegation in a March 11 case management hearing. The fund is closed to new customers, according to the website. The second-best performer ...

Fund administrator hires from competitor

KANIKA SOOD  |  MONDAY, 2 AUG 2021
... foray into Australia. Eric Koolen was the managing director of Apex Group's Australian business for about two years, ending March 2021. He has worked in funds administration since the 1980s, including at CITCO. He has now joined rival firm Ascent Fund ...

Economic recap: Week to July 30

BENJAMIN ONG  |  MONDAY, 2 AUG 2021
... taking the total number of infections to nine. In terms of economic stats, we learned how much consumer prices rose in the March quarter. Because of Australia's quarterly CPI reporting convention - versus monthly in most of its counterparts - we ...

Aware Super, VISSF merger to proceed

JAMIE WILLIAMSON  |  THURSDAY, 29 JUL 2021
... importance and advantage of scale and size in the current environment," he said. The extensive due diligence, commenced in March, confirmed VISSF members would benefit across investment choice, fees and returns, Sharples said. "It was of absolute importance ...

AFA slams skyrocketing ASIC levy

KARREN VERGARA  |  WEDNESDAY, 28 JUL 2021
... investment in litigation funding of as much as $50 million." ASIC deputy chair Karen Chester said in a parliamentary hearing in March that the regulator typically recovers the costs incurred in prosecuting the major financial institutions and offsets ...

New role for Mutual Trust investment chief

KANIKA SOOD  |  TUESDAY, 27 JUL 2021
... including in consulting at Russell and Mercer. He was the chief investment officer at Mutual Trust for four years ending March, and at AIA Australia for about seven years before that. "With Graeme's experience in multiple sectors including superannuation ...