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Showing 501 - 510 of 3303 results for "RIC"

Age pension spending to rise: ISA

ELIZA BAVIN  |  FRIDAY, 12 FEB 2021
Industry Super Australia (ISA) said ditching the 12% superannuation guarantee could add over $33 billion to Age Pension spending. ISA said modelling from Rice Warner suggested the Age Pension would have to make up for the superannuation guarantee not ...

ASX profits slide, names chair

ANNABELLE DICKSON  |  THURSDAY, 11 FEB 2021
The Australian Securities Exchange (ASX) has recorded a fall in profit in its half-year results and has replaced its chair following the retirement of its incumbent. Net profit after tax dropped 3.4% to $241.8 million and net interest income down 39.5% ...

Ethical fund awards registry mandate

ANNABELLE DICKSON  |  WEDNESDAY, 10 FEB 2021
An ethical fund manager has appointed OneVue to provide administration services including unit registry for its suite of funds. U Ethical Investors has over $1 billion in funds under management which it is transitioning to an outsourced administration ...

Challenger on track to performance target

ANNABELLE DICKSON  |  TUESDAY, 9 FEB 2021
The investment manager recorded a marginal increase in statutory net profit after tax (NPAT) to $222.8 million, up $2.4 million on the previous corresponding period in its half-year results. On a normalised basis, NPAT dropped by 29% to $136.8 million ...

Wilsons starts Canberra office

KANIKA SOOD  |  MONDAY, 8 FEB 2021
The 125-year-old advice and stockbroking firm is establishing a Canberra office, as two financial advisers based in the region join from Elston. Tim Anderson and Richard Taylor have joined Wilsons' private wealth advisory team, which is headed by Paul ...

Nuveen bolsters APAC team

ANNABELLE DICKSON  |  FRIDAY, 5 FEB 2021
The $1 trillion investment manager is strengthening its presence in the Asia Pacific region with several senior appointments and changes to its leadership team. Nuveen managing director Louise Kavanagh is taking on the dual role of head of funds management ...

Bezos steps down at Amazon

JAMIE WILLIAMSON, ELIZA BAVIN  |  WEDNESDAY, 3 FEB 2021
Jeff Bezos will step down as chief executive later this year, transitioning to the role of executive chair. Announced in Amazon's full year 2020 results, chief executive of Amazon Web Services (AWS) Andy Jassy will take over as chief executive in Q3 ...

QBE appoints local chief executive

KANIKA SOOD  |  TUESDAY, 2 FEB 2021
The ASX-listed insurer has hired Westpac's managing director for insurance as its new chief executive for Australia and Pacific division. Sue Houghton will join QBE in the Sydney-based role in August. Houghton is currently Westpac's managing director ...

Billionaires profit from pandemic: Report

KARREN VERGARA  |  FRIDAY, 29 JAN 2021
The nation's wealthiest saw their fortunes increase by nearly $85 billion during the COVID-19 pandemic, a global survey highlighting the widening income-inequity gap shows. Thirty-one Australian billionaires saw their bank balances swell between March ...

HESTA awards tech mandate

ANNABELLE DICKSON  |  THURSDAY, 28 JAN 2021
The $56 billion industry fund has appointed a cloud investment platform to support its in-house portfolio management. The super fund selected SimCorp's Dimension as a Service to consolidate its investment data into one central location including ...