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Showing 5531 - 5540 of 19429 results for "One"

Industry fund revamps MySuper offering

KANIKA SOOD  |  WEDNESDAY, 6 NOV 2019
... "Considering the long term nature of superannuation we have determined that changing our default MySuper investment option to one that invests in more growth assets (e.g. Australian and international equities) will provide our MySuper members with a ...

Global manager hires Principal director

KANIKA SOOD  |  WEDNESDAY, 6 NOV 2019
... distribution efforts in the region," a spokesperson for Barings said in a statement. Gaffney was most recently employed as one of the two institutional sales directors at Principal Global Investors Australia, which manages about $3.8 billion in the region. ...

Chief economist update: RBA holds but for how long?

BENJAMIN ONG  |  WEDNESDAY, 6 NOV 2019
... cash rate unchanged at 0.75% at its November 5 meeting. No central banker would go out and shoot his own foot, announcing to one and all that "we're doomed, we'll never make it" - that would just make it a self-fulfilling prophecy. The same as ...

US reaches $1bn settlement over 1MDB scam

ELIZABETH MCARTHUR  |  WEDNESDAY, 6 NOV 2019
... misappropriated from 1MDB, and he used those funds, among other things, to engage in extravagant spending sprees, acquiring one-of-kind artwork and luxury real estate, gambling freely at casinos, and propping up his lavish lifestyle," said assistant ...

Adviser moves show industry upheaval

ELIZABETH MCARTHUR  |  TUESDAY, 5 NOV 2019
... class action, AMP Financial Planning only lost 37 advisers over the last three months. Synchronised Business Services was one of the few winners in recent adviser movements, while the vast majority of licences lost advisers Synchron's adviser count ...

ASIC calls out accountants

ELIZA BAVIN  |  TUESDAY, 5 NOV 2019
... advice or to advising a client on the process of setting up an SMSF once they have already made the decision to establish one," the regulator said. ASIC said there are a range of exemptions which still allow accountants to provide financial product advice ...

Chief economist update: Weak household consumption now a sure thing

BENJAMIN ONG  |  TUESDAY, 5 NOV 2019
... trepidation over the job market reduce consumers' propensity to borrow on credit and at the same time cut their spending. Since one person's spending is another person's income, reduced consumer spending leads to less company revenues, lower ...

Sunsuper, QSuper confirm merger talks

HARRISON WORLEY  |  TUESDAY, 5 NOV 2019
The two industry funds are in talks over a possible merger, one which would see the creation of Australia's largest superannuation fund. Queensland-based industry superannuation funds Sunsuper and QSuper have confirmed they are locked in discussions ...

Morningstar bets on advice software

KANIKA SOOD  |  MONDAY, 4 NOV 2019
... 60% of the advisers in Australia, Wickham said citing InvestmentTrends. "The reason why AdviserLogic specifically is that one, they have built a strong presence in the independent financial adviser market. And two, the way their software stack is built ...

Chi-X forced to be client of competition

ELIZABETH MCARTHUR  |  MONDAY, 4 NOV 2019
... playing field." Aikins and Somes explained Chi-X is in the bizarre situation of being the ASX's biggest competitor and also one of its biggest clients for clearing and settlements services. "The problem is, if we don't like the clearing and settlements ...