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Showing 5531 - 5540 of 22790 results for "Funds"

AMG Super rebrands divisions to cut costs

KANIKA SOOD  |  MONDAY, 11 JAN 2021
The $1.4 billion Brisbane retail superannuation fund will drop individual branding of two funds it acquired in 2018, as it aims to reduce expenses over next three years. AMG Super, which is partly owned by DDH Graham, has so far run the $140 million ...

MySuper performance recovers, hits record high

KARREN VERGARA  |  MONDAY, 11 JAN 2021
Default superannuation funds have fully recovered from COVID-induced losses, yet underperformance within the asset classes remains rife, according to new Rainmaker data. Rainmaker's November 2020 MySuper index has reached a record high, bouncing ...

CFM local head takes on new role

KARREN VERGARA  |  FRIDAY, 8 JAN 2021
Capital Fund Management's Asia Pacific head has left the business, as it winds up its two Australian funds and gears up for new launches. Stephen Shepherd, who was managing director and head of Asia Pacific at CFM for two and a half years, has joined ...

360's plan for Evans Dixon

KANIKA SOOD  |  THURSDAY, 7 JAN 2021
... statement. If the takeover is successful, 360 Capital intends to restructure E&P Financial Group and split it into two units: a funds management business, where it wants to be the sole owner, and a wealth and capital markets business, where 360 Capital ...

Super funds back COVID-19 preventative drug

KARREN VERGARA  |  THURSDAY, 7 JAN 2021
Four major superannuation funds are backing a biotech company that is developing a nasal spray that claims to prevent COVID-19 and the common cold. AustralianSuper, HESTA, Hostplus and Statewide Super have joined forces with CSL, a venture capital fund ...

MLC Life Insurance raises $650 million

KANIKA SOOD  |  WEDNESDAY, 6 JAN 2021
... market, developing the industry's leading claims function, and making it more efficient for advisers and superannuation funds to provide insurance to their customers through the use of technology."

WTW appoints Australia segment head

KANIKA SOOD  |  WEDNESDAY, 6 JAN 2021
... Australia, New Zealand, and South Africa. WTW is the third-largest asset consultant by assets in not-for-profit superannuation funds as at 30 June 2020, according to Rainmaker.

ASIC takes fintech to court

KARREN VERGARA  |  WEDNESDAY, 6 JAN 2021
... for allegedly misleading customers about the benefits of investing in residential property in self-managed superannuation funds. Squirrel Superannuation Services, an SMSF platform provider, faced the Federal Court on 23 December 2020 for allegedly marketing ...

Prioritise underperformance over stapling: AIST

KARREN VERGARA  |  WEDNESDAY, 6 JAN 2021
... the new Your Future, Your Super laws should prioritise underperformance ahead of stapling as existing members stuck in dud funds will be worse off. In its submission to the draft legislation, AIST is urging the federal government to reconsider its approach. ...

Class action launched against OnePath

ELIZA BAVIN  |  TUESDAY, 5 JAN 2021
... Royal Commission. The class action alleges that OnePath Custodians breached its duties as trustee of various superannuation funds by charging higher fees to members in order to pay unnecessary commissions to financial advisers for no ongoing benefit ...