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Showing 5481 - 5490 of 22133 results for "Tim"

Chief economist update: Disappointing jobs results raise Biden's stimulus bid

BENJAMIN ONG  |  MONDAY, 8 FEB 2021
Talk about perfect timing. The US Bureau of Labor Statistics' (BLS) disappointing update on the state of employment in America couldn't have come at a more opportune time - the time when fresh president of the US, Joe Biden, is bidding the Congress ...

IOOF subsidiary loses appeal

ANNABELLE DICKSON  |  FRIDAY, 5 FEB 2021
IOOF is set to pay tens of millions in compensation after losing an appeal involving its subsidiary Australian Executor Trustees (SA) Limited. The Court of Appeal dismissed AET's appeal against a decision made by the Supreme Court of New South Wales ...

Industry fund promotes for GM role

JAMIE WILLIAMSON  |  FRIDAY, 5 FEB 2021
A major industry superannuation fund has promoted from within to fill a vacant general manager position. Rest's head of operations David Madden has been promoted to general manager, administration solutions and governance. He replaces Kieran Varcoe ...

APRA commends super funds on tough year

ELIZA BAVIN  |  FRIDAY, 5 FEB 2021
The prudential regulator had mostly positive things to say around Australia's superannuation industry last year as it released its annual review. The APRA 2020 Year in Review highlighted the difficult circumstances faced by those under its watch, with ...

Aware expands affordable housing portfolio

KARREN VERGARA  |  FRIDAY, 5 FEB 2021
Aware Super continues to build its affordable housing portfolio with the addition of a new development in Greater Western Sydney. The $135 billion superannuation fund will construct 300 affordable housing units and 8750 square metres of office and retail ...

Mercer hires from Australian Unity

ELIZABETH MCARTHUR  |  FRIDAY, 5 FEB 2021
Mercer has hired the former chief executive of Australian Unity Bank to lead its superannuation services. Tim Barber will step into the head of Mercer Super role, leading the flagship Mercer Super Trust and its related portfolio services business. Mercer ...

Lifecycle products cost members: Research

ELIZA BAVIN  |  FRIDAY, 5 FEB 2021
New Rainmaker research has found being a member of a typical lifecycle MySuper product could reduce a person's retirement savings by up to 23% by age 70. The research found that if a member were to stay in a typical lifecycle MySuper product for their ...

Investors unprepared for unexpected events: Study

ELIZA BAVIN  |  FRIDAY, 5 FEB 2021
Over 70% of companies are not prepared to detect unexpected events like COVID-19, according to a survey of over 400 global risk and compliance decision makers. The study by Dataminr found that only 29% of firms felt confident they have the technology ...

Diversa, BetaShares relationship probed

ELIZABETH MCARTHUR  |  THURSDAY, 4 FEB 2021
... relationship with BetaShares. Despite Future Super experiencing impressive member growth and returns recently, committee chair Tim Wilson questioned the funds' investment strategy which involves allocating approximately 60% of assets under management ...

Wage subsidy needed for new entrants: AFA

JAMIE WILLIAMSON  |  THURSDAY, 4 FEB 2021
The Association of Financial Advisers has called on the government to provide a wage subsidy to financial advice practices to encourage employment of new entrants needing to complete their professional year. In its pre-Budget submission, the AFA has ...