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Showing 5571 - 5580 of 22790 results for "Funds"

ASIC takes action on Union Standard

KARREN VERGARA  |  TUESDAY, 15 DEC 2020
... December 2019, ASIC obtained asset restraint orders in the Federal Court against EuropeFX and TradeFred to protect customers' funds while an investigation was underway. Union Standard gave an undertaking to the court to keep specified monetary amounts ...

ETF industry revenues revealed

KANIKA SOOD  |  TUESDAY, 15 DEC 2020
... million). Many ETF issuers have businesses and revenue streams outside of ASX listed ETFs, for example via unlisted managed funds. "Examination of revenue from exchange traded products is particularly interesting. After all, businesses don't operate ...

Magellan launches funds on Chi-X

ELIZA BAVIN  |  TUESDAY, 15 DEC 2020
... Financial Group has launched its MFG Core Series and the Magellan Sustainable Fund on Chi-X. The MFG Core series includes three funds: the MFG Core International Fund, the MFG Core ESG Fund and the MFG Core Infrastructure Fund. Magellan said the Core ...

Regulators alert trustees of new obligations

KARREN VERGARA  |  TUESDAY, 15 DEC 2020
... evidence-based; and if product offerings and operations are monitored on an ongoing basis. The letter also outlined how super funds must use granular and accurate data, and review the appropriateness of their insurance strategies for members. The regulators ...

Cbus, Media Super merger progresses

JAMIE WILLIAMSON  |  TUESDAY, 15 DEC 2020
The two industry superannuation funds will move on to the next phase of merger preparations, as the smaller of the two confirms the closure of numerous investment options. Cbus and Media Super have announced they are commencing work on a merger plan ...

Retail fund ups premiums

ELIZABETH MCARTHUR  |  TUESDAY, 15 DEC 2020
... monthly benefit and a 30-day waiting period will go up from $87.71 to $107.89 per month. It is the latest in a string of super funds to increase premiums for income protection policies. Hostplus put up income protection premiums for a small group of ...

AIST appoints two new executives

ELIZA BAVIN  |  TUESDAY, 15 DEC 2020
... bring in their expertise to ensure AIST is in the best position to service the increasingly diverse needs of its member funds. "There has been so much change to the superannuation industry and the landscape that it operates in," Scheerlinck said. "AIST ...

Australia bottoms out on fund disclosure

ANNABELLE DICKSON  |  TUESDAY, 15 DEC 2020
... political will to implement a disclosure regime and investors deserve better." "There is definitely some good uptake in funds with voluntary disclosure, but it is not enough. If people have to hand over their money to compulsory superannuation, disclosure ...

ACCC gives IOOF go ahead

ANNABELLE DICKSON  |  TUESDAY, 15 DEC 2020
... competing with other players for the supply of retail platforms and will face significant competition from industry super funds. In terms of financial advice, the regulator noted IOOF will only have a 10% market share post-acquisition and still face ...

ETF Securities shutters funds

ANNABELLE DICKSON  |  MONDAY, 14 DEC 2020
ETF Securities has closed two of its exchange traded funds after failing to reach sufficient size. The ETF Securities Global Core Infrastructure ETF (CORE) and the Enhanced USD Cash ETF (ZUSD) will be terminated after the last day of trading on 29 January ...