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Showing 5371 - 5380 of 8184 results for "Institutional"

Super non-compliance to cost $44 billion

ALEX BURKE  |  MONDAY, 16 NOV 2015
Employer non-compliance with superannuation entitlements could cost workers $44 billion in retirement savings over the next decade. This is the conclusion of Cbus research, which chief executive David Atkin argued highlighted "the need for Government ...

Financial services firms acquire $1bn Technology Park

LAURA MILLAN  |  FRIDAY, 13 NOV 2015
Three financial services firms have acquired Sydney's Australian Technology Park and will fund an estimated development of $1 billion. AMP Capital, Sunsuper and Mirvac will acquire the 93,000 square metre property from UrbanGrowth NSW Development Corporation. ...

Super guarantee charge bundled by red tape repeals

DARREN SNYDER  |  FRIDAY, 13 NOV 2015
The federal government's Red Tape Repeal Day on Thursday included amendments to the superannuation guarantee charge (SGC) but the proposed legislation has been rolled over to parliament's final sitting weeks for the year. Under the proposed changes ...

Banking and Finance Oath reshuffles board

LAURA MILLAN  |  FRIDAY, 13 NOV 2015
The Banking and Finance Oath (BFO) has appointed a chairman and three new board members, following AMP Capital's Stephen Dunne's retirement from the industry. Former chairman of the Australian Prudential Regulation Authority (APRA) John Laker will now ...

APRA debates whether "to model or not to model"

ALEX BURKE  |  FRIDAY, 13 NOV 2015
Internal risk models for financial institutions are still useful so long as industry isn't "seduced by the science," according to APRA chair Wayne Byres. Speaking at the Global Association of Risk Professionals (GARP) Global Risk Forum in Hong Kong ...

Digital evolution highlighted at AIST awards

DARREN SNYDER  |  FRIDAY, 13 NOV 2015
The Australian Institute of Superannuation Trustees (AIST) recognised clever use of data segmentation and social media campaigns to improve female member engagement at its annual Awards for Excellence. AIST chief executive Tom Garcia said this year's ...

MetLife reports 61pct global earnings slump

ALEX BURKE  |  THURSDAY, 12 NOV 2015
MetLife has announced its third quarter results, revealing a 61% decrease in operating earnings to US$705 million ($986 million). According to MetLife chair, president and chief executive Steven A. Kandarian, this drop can be attributed to "macroeconomic ...

Tax reform must not betray women

DARREN SNYDER  |  THURSDAY, 12 NOV 2015
If federal government savings from adjustments to excessive tax concessions for high income earners are not directed at improving the superannuation gender gap "it will be a betrayal of the women of Australia." That is the view of not-for-profit group ...

ANZ pays $13m to saver customers

ALEX BURKE  |  THURSDAY, 12 NOV 2015
ANZ will pay roughly $13 million to 200,000 customers using Progress Saver Accounts (PSAs). The compensation is being paid due to ANZ failing to apply bonus interest to these accounts. PSA customers who satisfy withdrawal and deposit requirements each ...

Goldman Sachs calls time on BRICs

LAURA MILLAN  |  THURSDAY, 12 NOV 2015
Goldman Sachs Asset Management has closed its BRIC (Brazil, Russia, India and China) Fund and integrated it into a wider emerging markets fund. After the firm first coined the term in 2001, the move effectively brings the BRIC era to an end. GSAM notified ...