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Showing 491 - 500 of 4334 results for "SLI"

Macquarie fired 32 people in "consequence management"

ELIZABETH MCARTHUR  |  THURSDAY, 30 JUL 2020
During the Macquarie Group annual general meeting and results update chair Peter Warne touched on the bank's "consequence management", highlighting the consequences of inappropriate behaviour. He said that in financial year 2020, there were 164 matters ...

J.P. Morgan wins custody mandate

KANIKA SOOD  |  THURSDAY, 23 JUL 2020
A $21 billion superannuation fund has renewed J.P. Morgan as its custodian for another five years. TelstraSuper renewed the contract after a market assessment. TelstraSuper head of investment operations Miles Mallick said J.P. Morgan's emphasis on delivering ...

AMP Capital revamps leadership team

JAMIE WILLIAMSON  |  WEDNESDAY, 22 JUL 2020
AMP Capital has announced a raft of changes to its leadership team, including several departures, as it looks to drive its next phase of growth. The fund manager has expanded its leadership team to ensure representation of both clients and investment ...

Super-backed specialist centre opens in Hobart

ALLY SELBY  |  WEDNESDAY, 15 JUL 2020
A $19 million investment from an industry super fund has helped an innovative dementia care village open its doors in Tasmania. In development with HESTA, not-for-profit aged care provider Glenview and Social Ventures Australia (SVA), the Korongee Village ...

Research slams ADL definition

ELIZABETH MCARTHUR  |  MONDAY, 13 JUL 2020
New research from Super Consumers Australia, the superannuation advocacy arm of CHOICE, has highlighted how difficult it is for people to claim total and permanent disability (TPD) insurance under the activities of daily living (ADL) definition. The ...

Macquarie tops mandate league tables

KANIKA SOOD  |  FRIDAY, 10 JUL 2020
Local institutional investors handed out $43.5 billion of funds management mandates in the year to March end and Macquarie had the most wins, latest league tables from Rainmaker show. Superannuation funds, investment managers (via sub-advisory relationships) ...

US surpasses Asia Pacific for HNWI growth

ELIZABETH MCARTHUR  |  FRIDAY, 10 JUL 2020
For the first time in eight years, more high net worth individuals (HNWI) emerged in North America than in the Asia Pacific region. This is according to the World Wealth Report 2020, produced by Capgemini. HNWI wealth and population grew by almost 9% ...

State Street cuts fees on flagship equities funds

KANIKA SOOD  |  THURSDAY, 9 JUL 2020
State Street is dropping the fees on its flagship actively-managed equities funds by 9 to 13 bps for Australian investors effective July 1. The State Street Australian Equity Fundwill go from charging 79bps per year in management costs to 70bps. It ...

Mirae drops fees on Asian equities funds

KANIKA SOOD  |  FRIDAY, 3 JUL 2020
Mirae Asset Global Investments has sliced the fees on two Asian equities funds by 20bps each. Mirae Asset Asia Great Consumer Equity Fund and Mirae Asset Asia Sector Leader Equity Fund will go from charging 75bps each in management fee from 95bps, while ...

Mandates from superannuation funds slow

KANIKA SOOD  |  THURSDAY, 2 JUL 2020
Superannuation fund awarded only 30 mandates in the three months to March totaling $2.5 billion, down significantly from the December quarter's 63 totaling $8.6 billion, new data from Rainmaker Information shows. International equities strategies ...