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Showing 511 - 520 of 1591 results for "Light"

Trustee firm launches admin platform

JAMIE WILLIAMSON  |  TUESDAY, 29 OCT 2019
A trustee group is expanding its offering with the development of a new fund administration platform. MSC Trustees has launched MSC Abacus, a tailored fund registry, reporting and accounting service for capital managers. The new business is led by general ...

YouTube fundie walks away

ELIZABETH MCARTHUR  |  THURSDAY, 17 OCT 2019
... Woodford Patient Capital Trust. In a statement to the London Stock Exchange, the Woodford Patient Capital Trust said: "In light of recent events, Woodford Investment Management Limited (WIM) has today served notice of termination in relation to its role ...

ACCC to probe rate cut decisions

HARRISON WORLEY  |  MONDAY, 14 OCT 2019
... assist the ACCC" in the inquiry. "Banks are no stranger to public scrutiny and look forward to the opportunity to cast more light on mortgage pricing and the many important factors that influence the setting of interest rates," the ABA said. "The first ...

AMP shamed by CHOICE

ELIZA BAVIN  |  THURSDAY, 10 OCT 2019
... consideration of members' best interests," AMP said. The consumer group made mention of the "underhanded behavior" that came to light at the Royal Commission, in which AMP was shown to have charged customers substantial financial advice fees without ...

Volcker Rule tweak gets green light

KANIKA SOOD  |  THURSDAY, 10 OCT 2019
Post-GFC legislation that stopped big Wall Street banks from using their customers' money to invest in risky trades has seen a revision that could relax some of the restrictions. On October 8, five United Stated agencies approved the changes to the ...

MLC funds tone down return expectations

KANIKA SOOD  |  WEDNESDAY, 2 OCT 2019
MLC has informed investors that it expects lower returns for some of its funds, in light of "unusually low cash rates" and is cutting fees. MLC wholesale inflation plus portfolios are offered in three profiles: assertive, moderate and conservative. ...

Australia slips in global retirement ranks

ELIZABETH MCARTHUR  |  MONDAY, 30 SEP 2019
... Israel can expect a better standard of living once they stop work than those in the UK and US. The report shone a special light on Japan's demographic time bomb, saying its mediocre ranking at 23rd is a result of a mixture of very good and very bad outcomes. ...

Put risk on the super comparison table: AMP

HARRISON WORLEY  |  THURSDAY, 26 SEP 2019
As APRA prepares its traffic light rating system for super funds, AMP's head of wealth warns risk needs to be on the table to ensure consumers compare apples with apples. Chief executive of AMP's Australian wealth management division Alex Wade ...

Industry funds confirm merger

HARRISON WORLEY  |  MONDAY, 23 SEP 2019
Two industry superannuation funds worth more than $45 billion combined have confirmed they will merge later this year. Hostplus and Club Super are set to merge in just over a month, after the two industry super funds signed a Successor Fund Transfer ...

Super trustees must do better: Byres

HARRISON WORLEY  |  FRIDAY, 20 SEP 2019
... "selected set" of performance-related measures and benchmarks, otherwise known as the regulator's previously flagged "traffic light" system. "Our goal here is pretty simple: to identify those trustees that, when looked at across a range of dimensions ...