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Showing 5271 - 5280 of 28263 results for "NOT"

Takeovers Panel weighs in on WAM takeover

KARREN VERGARA  |  THURSDAY, 9 DEC 2021
... announced to the market on September 15. Also on this date, PGF had voting powers of 19.96%, while Moore had 8.51%, but were not disclosed in PGF's prospectus. Moore then acquired additional PAF shares, taking his voting power to 13.09%. The two ...

Half of all super products cut fees: Data

JAMIE WILLIAMSON  |  THURSDAY, 9 DEC 2021
... overall. The average default MySuper product now charges 1.08%, down from 1.13% the previous year. The total expense ratio for not-for-profit and retail funds is now 1.07% and 1.08%, respectively. There is also no difference in the total fee ratio for ...

FPA names new chief executive

KARREN VERGARA  |  THURSDAY, 9 DEC 2021
... takes the post in mid-January 2022, leaving behind her role as chief operating officer of HOPE Housing Funds Management, a not-for-profit that provides shared equity financing for essential workers. Abood was the chief executive of advice firm Profile ...

Sydney Airport takeover given green light

JAMIE WILLIAMSON  |  THURSDAY, 9 DEC 2021
The Australian Competition and Consumer Commission will not oppose the acquisition of Sydney Airport by a consortium comprising IFM Investors, AustralianSuper and others. The Sydney Aviation Alliance, which consists of IFM Investors, AustralianSuper ...

ClearView uses new anti-money laundering technology

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 DEC 2021
... organisations to have the most robust Regtech possible, which is where we come in," Napier head of APAC Robin Lee said. "This is a now not only a prerequisite for growth, it creates competitive edge through enhanced trust. We're delighted to be able ...

Avanteos faces criminal charges over deceased super members

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 DEC 2021
... the offending, Avanteos was a subsidiary of the Commonwealth Bank. In early 2016, Avanteos received legal advice that it did not have authority to deduct fees from super members after their death. Despite this, Avanteos continued deducting these fees ...

U Ethical Investors announces new relationship manager

CHLOE WALKER  |  WEDNESDAY, 8 DEC 2021
U Ethical Investors has announced the appointment of Satoko Asai to relationship manager. Asai joins U Ethical's distribution team at a pivotal time, as the fund manager expands further into wealth management and institutional markets. With over ...

The dark side of super switching: Research

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 DEC 2021
New research from Griffith University and Iress has revealed the 'double-edged sword' of the ease with which consumers can switch their superannuation. The research analysed over 42,000 superannuation switching decisions from 1 January 2019 to 31 March ...

APRA tells Christian Super to merge

JAMIE WILLIAMSON  |  TUESDAY, 7 DEC 2021
... process, our members' values will remain a key consideration for us, recognising that fees and returns are important but are not the only reason Australians choose their superannuation fund," Piper said. "It is my sincere hope that the super system ...

Intergenerational transfer hits $1.5tn

KARREN VERGARA  |  TUESDAY, 7 DEC 2021
... country that's been studied." The study also found Australians invested a substantial share of their inheritances - but did not do so wisely to overcome inflation. In real inflation-adjusted terms, each $1 of inheritance increased household wealth ...