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Showing 4991 - 5000 of 22133 results for "Tim"

BNY Mellon acquires Milestone

ELIZABETH MCARTHUR  |  FRIDAY, 9 JUL 2021
BNY Mellon will acquire Milestone Group, a funds management technology provider. The deal comes just over a year after the two companies formed an alliance to create a suite of oversight and contingent net asset value (NAV) services for asset managers ...

MySuper performance soars

ANNABELLE DICKSON  |  FRIDAY, 9 JUL 2021
MySuper options have delivered the best annual financial returns in over three decades, new research shows. The latest data from Rainmaker Information's Default MySuper Index recorded 2020/21 financial year returns of an average of 18%, after all fees ...

Aware questioned on bonuses

ELIZABETH MCARTHUR  |  THURSDAY, 8 JUL 2021
... are competitive, that we are able to attract, retain and motivate staff," Stewart said. However, committee chair Liberal MP Tim Wilson was not totally satisfied with the explanation. "The bonuses that you're being paid are more than the entire salaries ...

Funds grilled despite record returns

ELIZABETH MCARTHUR  |  THURSDAY, 8 JUL 2021
... AustralianSuper chief executive Ian Silk and Cbus chief executive Justin Arter appeared before the committee, chaired by Liberal MP Tim Wilson today. The funds both reported record returns for the 2021 financial year, with Cbus returning 19.34% in its ...

BT Panorama completes migration

ANNABELLE DICKSON  |  THURSDAY, 8 JUL 2021
BT Panorama has completed the migration of its BT Wrap clients, bringing its total funds under administration to over $100 billion. The final tranche of nearly 50,000 accounts worth over $15 billion in funds under administration have migrated to BT ...

Fund managers failing value assessments: FCA

KARREN VERGARA  |  THURSDAY, 8 JUL 2021
Active fund managers are falling short of delivering value to investors and justifying their fees, a review from the UK's financial services regulator reveals. A review of 18 fund managers between July 2020 and May 2021 by the Financial Conduct ...

FSC launches DDO templates

ANNABELLE DICKSON  |  THURSDAY, 8 JUL 2021
The Financial Services Council (FSC) and 60 of its members have worked together to launch two products ahead of the design and distribution obligations (DDO) regime. The FSC and members from life insurance, funds management and superannuation have collaborated ...

AFA slams new SOA measures

KARREN VERGARA  |  WEDNESDAY, 7 JUL 2021
The Association of Financial Advisers has hit back at ASIC and APRA for causing "confusion" and "interfering" with financial advice as they look to introduce new changes to Statements of Advice. The association points to the regulators' joint letter ...

How likely is a super fund to fail YFYS test?

JAMIE WILLIAMSON  |  WEDNESDAY, 7 JUL 2021
... deeper to determine how at-risk they are, Willis Towers Watson says. Following analysis, WTW senior director of investments Tim Unger said a product with a 10% probability of underperformance in any eight-year period has a cumulative probability of underperformance ...

Louise Walsh launches Walsh Capital

ELIZABETH MCARTHUR  |  WEDNESDAY, 7 JUL 2021
Former Future Generation chief executive Louise Walsh is branching out independently, launching Walsh Capital. Walsh Capital will provide bespoke capital raising for a select group of boutique investment managers, typically managers which have been ...