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Showing 5221 - 5230 of 28260 results for "NOT"

Morningstar cuts fair value estimate for Magellan

ELIZABETH MCARTHUR  |  TUESDAY, 21 DEC 2021
... 2020. "We thought institutional clients would negotiate for lower fees rather than terminate Magellan. Regretfully this has not transpired in SJP's case," he said. However, Morningstar believes the current sell-off that has seen Magellan's share price ...

FASEA defers Standard 3 amendment to ASIC

KARREN VERGARA  |  TUESDAY, 21 DEC 2021
... Financial Adviser Standards and Ethics Authority is deferring the amendments to Standard 3 to ASIC because the industry could not agree on a better alternative. FASEA floated the idea of amending Standard 3 in November, which currently states: "You must ...

Pension scheme, UBS divest energy companies

JAMIE WILLIAMSON  |  TUESDAY, 21 DEC 2021
A UK pension scheme and UBS Asset Management have called time on investments in five energy companies that are not working towards a low carbon economy. Nest and UBS AM have sold shares in Exxon Mobil, Imperial Oil, Kepco, Marathon Oil and Power Assets ...

Hume refreshes super co-contribution laws

KARREN VERGARA  |  TUESDAY, 21 DEC 2021
... to insurance accounts would contribute towards the insurance premium rather than the individual's retirement income and not to their retirement savings, the explanatory memorandum states. Another change proposed is directing where a government co-contribution ...

Disgraced former fund manager chief declared bankrupt

JAMIE WILLIAMSON  |  TUESDAY, 21 DEC 2021
... The Federal Court made the order against Michael Christodoulou King based on the unpaid penalty even though such a debt is not one provable in bankruptcy, ASIC said. Justice Kylie Downes decided to bankrupt King as he owes provable debts of more than ...

Proxy advice reforms force transparency, AFS licensing

KARREN VERGARA  |  MONDAY, 20 DEC 2021
... investors. Frydenberg is also mandating AFSLs to cover a broader range of proxy adviser activities, meaning if a proxy adviser does not have such a licence, it will now be required to apply for one. Finally, the reforms will make proxy advisers independent ...

Magellan loses significant mandate

ELIZABETH MCARTHUR  |  MONDAY, 20 DEC 2021
... confirmed it was made aware the mandate would be terminated on December 17. St James' Place's mandate was a separate account, not an investment in any of Magellan's retail funds. Magellan said the mandate "represents approximately 12% of the group's ...

EISS Super finds merger partner in Cbus

JAMIE WILLIAMSON  |  FRIDAY, 17 DEC 2021
... board oversight of expenditure and review its expenditure and cease sponsorship arrangements and other arrangements that are not in members' best interests. The fund was due to merge with TWUSUPER but after the news broke of its questionable expenditures ...

Spirit Super purchases landmark site in Tasmania's largest property deal

CHLOE WALKER  |  FRIDAY, 17 DEC 2021
... critical part of the Spirit Super story with 109,900 members (as at 13 December 2021) in the state. "This development will not only yield income and capital growth for our members' retirement but will become a much-loved destination that all members ...

Firetrail Investments launches global equity fund

CHLOE WALKER  |  FRIDAY, 17 DEC 2021
... and wellbeing, carbon reduction, innovation and technology. "The fund targets investors wanting to invest sustainably while not sacrificing outperformance," Gray said. The problem with traditional approaches to sustainable investing is they are backwards ...