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Showing 5321 - 5330 of 22790 results for "Funds"

Managed accounts FUM inch to $100bn

KARREN VERGARA  |  FRIDAY, 12 MAR 2021
... continue to develop greater capability," he said. IMAP and Milliman calculated a $15.5 billion rise in managed accounts funds under management from June 2020. Net inflows in the six months to December 2020 was $7 billion. "The investment markets for ...

T. Rowe Price hires ETF consultant

KANIKA SOOD  |  THURSDAY, 11 MAR 2021
The global funds management giant, which does not have an ETF business in Australia, has hired the former boss of an ETF issuer as a consultant. Kris Walesby was the chief executive of ETF Securities for nearly five years, before his sudden departure ...

Pandemic boosts scam complaints

ANNABELLE DICKSON  |  THURSDAY, 11 MAR 2021
... the ATO found the early release of super scams cost Australians over $6 million. Untersteiner noted that superannuation funds worked with AFCA to resolve consumer concerns over the ERS. "Scams were growing before COVID-19 but the pandemic has accelerated ...

Boutique buys back Montgomery stake

KANIKA SOOD  |  WEDNESDAY, 10 MAR 2021
... distribution partner. Montaka continues to be backed by a family office investor, who is an investor in both the business and its funds. "We appreciated the opportunity to work with them, to build such a strong business. Now we are excited about the ...

QSuper unveils retirement income product

KARREN VERGARA  |  WEDNESDAY, 10 MAR 2021
... confidence that they will have income for life," he said. Federal treasurer Josh Frydenberg is putting the pressure on super funds to meet the growing demand for these types of products that address retirees' long-term financial needs. The Retirement ...

Channel Capital hires from AMP Capital

KANIKA SOOD  |  WEDNESDAY, 10 MAR 2021
... year. It partnered with the former chief executive of the US$613 billion Mellon Investments, Des Mac Intyre, to start a new funds management incubator based in New York. It also started a Cayman Islands business, hiring Mark Cook, an Australian based ...

Women boost SMSF balances

ANNABELLE DICKSON  |  WEDNESDAY, 10 MAR 2021
... previous year and 22% over five years. SMSFs make up 26% of all super assets at $733 billion and the establishment of new funds grew 7% in the five years to June 2020. In addition, SMSFs achieved positive returns for the past five years with the estimated ...

ASIC pursues criminal charges in super

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAR 2021
... important pool of savings." In its actions against Rest and Statewide Super, ASIC is seeking pecuniary penalties, alleging the funds breached the Corporations Act and ASIC Act. In December 2020, the Financial Sector Reform (Hayne Royal Commission Response) ...

Challenger names new head of life unit

KARREN VERGARA  |  WEDNESDAY, 10 MAR 2021
... continue making a strong contribution through this role," he said. Challenger said the life unit will continue to sit alongside funds management and the recently acquired bank MyLife MyFinance from Catholic Super that is undergoing regulatory approval. ...

Quasi-mergers in APRA's sights

ELIZA BAVIN  |  WEDNESDAY, 10 MAR 2021
... reduce costs but also to remove persistent poor performers... On this basis, it seems inappropriate for poor-performing super funds to be put onto life support via a quasi-merger," Bragg said. In response, APRA deputy chair Helen Rowell said it wants ...