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Showing 5421 - 5430 of 22790 results for "Funds"

Super scammer permanently banned

ELIZABETH MCARTHUR  |  MONDAY, 15 FEB 2021
... books as a company director. An investigation by ASIC found that McSweeny had transferred or directed others to transfer funds from bank accounts holding client funds. ASIC alleged that he directed an employee to construct a back-dated statement of advice ...

Industry fund chief executive to depart

ELIZABETH MCARTHUR  |  MONDAY, 15 FEB 2021
... said. "Under Kevin's leadership, UniSuper has consistently been recognised as one of Australia's leading superannuation funds, ranked amongst the top five funds for investment performance, member satisfaction and advice services." He added that O'Sullivan ...

Wage subsidy to rescue advice industry

ELIZABETH MCARTHUR  |  FRIDAY, 12 FEB 2021
... wealth firms have been the most active recruiters of financial advisers with Profusion over the past 12 months. Large super funds have been focused on their digital or robo-advice offerings as they look to reduce costs and staffing requirements, he says. ...

To merge or not to merge?

ELIZA BAVIN  |  FRIDAY, 12 FEB 2021
... question around whether being bigger is better was one of the key points of discussion at the Association of Superannuation Funds of Australia conference, with MTAA and Aware Super talking mergers. MTAA Super chief Leeanne Turner said that whilst the ...

Aussie super funds and Biden's US infra push

KARREN VERGARA  |  FRIDAY, 12 FEB 2021
... The Biden administration is putting a $3 trillion infrastructure investment opportunity on the table, which superannuation funds should seize. This is according to Australia's ambassador to the US Arthur Sinodinos, who flagged that the largest capital ...

Cbus appoints three investment heads

KANIKA SOOD  |  FRIDAY, 12 FEB 2021
... strategy at IAG Asset Management and a principal/senior consultant at Towers Perrin. He has also worked at Commonwealth Funds Management including as head of research and manager of trading. Lastly, Serge Allaire has been appointed Cbus as head of private ...

Banks return $1.2bn for bad advice

ELIZA BAVIN  |  FRIDAY, 12 FEB 2021
... largest banks have paid or offered a total of $1.24 billion in compensation to customers, according to new ASIC figures. The funds have been returned to customers who suffered loss or detriment due to fees for no service misconduct or non-compliant advice. ...

AMP Capital still being dressed up for sale

ELIZABETH MCARTHUR  |  THURSDAY, 11 FEB 2021
... but we really need to look for partnership opportunities to bring more distribution to this product," he said. One of the funds to pull a mandate from Ethical Leaders late last year, ESSSuper, cited organisational changes at AMP as possibly not aligning ...

Industry funds pool $61bn of assets

KARREN VERGARA  |  THURSDAY, 11 FEB 2021
Two industry superannuation funds will pool their assets to create a $61 billion trust, in a move that is set to be a better alternative to a merger. Touted as an industry first, Maritime Super and Hostplus today announced an asset-pooling partnership ...

Two ASI executives out the door

ANNABELLE DICKSON  |  THURSDAY, 11 FEB 2021
... December 2020. He was responsible for the research and consultant relations across institutional and wholesale, representing 20 funds and strategies that spanned all asset classes. His responsibilities have been taken on by existing members of the consultant ...