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Showing 5531 - 5540 of 21770 results for "Dec"

Low pass rate for latest FASEA exam

ELIZABETH MCARTHUR  |  THURSDAY, 18 MAR 2021
The latest Financial Adviser Standards and Ethics Authority (FASEA) exam had the lowest pass rate yet. A total of 1079 advisers sat the exam, compared to an average of 1323 across all exams. Only 73% of those that sat the January exam passed. The overall ...

Cbus awards $240m mandate

ELIZABETH MCARTHUR  |  THURSDAY, 18 MAR 2021
The $60 billion industry super fund for the construction and building sectors has announced a new $240 million mandate. Impax Asset Management has been awarded the mandate in a move focused on investing in opportunities arising from the transition away ...

Chief economist update: The do-nothing Fed

BENJAMIN ONG  |  THURSDAY, 18 MAR 2021
Ho-hum. So much for speculations over the Fed's thoughts and actions, Powell and Co. did what financial markets expected - nothing - at their 16-17 March FOMC meeting. "The Committee decided to keep the target range for the federal funds rate at ...

AMP Capital fights for fund

ELIZA BAVIN  |  WEDNESDAY, 17 MAR 2021
AMP Capital is not giving up in the fight to keep its $5 billion AMP Capital Diversified Property Fund (ADPF), despite an independent board committee recommending the takeover proposal from Dexus. AMP Capital said while it has acknowledged the decision ...

Alphinity portfolio manager resigns

KANIKA SOOD  |  TUESDAY, 16 MAR 2021
One of the four portfolio managers for Alphinity Investment Management's global equities fund has resigned. Lachlan MacGregor co-managed the Alphinity Global Equity Fund with Jonas Palmqvist, Jeff Thomson and Nikki Thomas. He joined the firm in ...

Buffett doesn't want to report on diversity, climate

KANIKA SOOD  |  TUESDAY, 16 MAR 2021
Berkshire Hathaway is urging shareholders to vote against two separate proposals urging the firm to disclose its climate-related risks and diversity metrics. Berkshire Hathaway Inc's annual meeting is scheduled for May 1. Proxy voting directions filed ...

Admin fees could balloon from BFID

KARREN VERGARA  |  TUESDAY, 16 MAR 2021
The new best financial interests duty (BFID) could see members pay higher administration fees as the record-keeping obligations ramp up, superannuation funds and industry experts warn. The reforms, which are part of the Your Future Your Super legislation ...

Pendal group chief executive to step down

KANIKA SOOD  |  TUESDAY, 16 MAR 2021
ASX-listed Pendal Group has named a new US-based group chief executive as a successor to Emilio Gonzalez, as it sees its "biggest future potential" in the US. Gonzalez will stay for a six-month transition period, when Nicholas Good will take over as ...

Dexus plans merger with AMP Capital fund

ELIZABETH MCARTHUR  |  TUESDAY, 16 MAR 2021
The Dexus Wholesale Property Fund has entered into an implementation agreement with the $5 billion AMP Capital Diversified Property Fund, but AMP Capital isn't necessarily on board. The merger has been recommended by the AMP Capital Diversified Property ...

Banks still failing customers after Royal Commission

ELIZA BAVIN  |  TUESDAY, 16 MAR 2021
A review of Australian Financial Complaints Authority (AFCA) complaints data shows over 31,000 complaints have been made in the wake of the Royal Commission, according to CHOICE. Complaints around credit products revealed many customers have still been ...