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| | | ... Firefighters Union of Western Australia and the Western Australian Volunteer Fire and Rescue Services Association. It has close to $1 billion in funds under management on behalf of some 2500 members. |
| | | | Colonial First State (CFS) has awarded a global equities mandate to a US$160 billion fund manager. US fund manager Brown Advisory has won the mandate to oversee the global equities strategy available on FirstChoice, debuting on May 24. The option - ... |
| | | | A class action that was filed against AMP for charging excessive superannuation fees is finally being heard in court, with the trial kicking off today. In 2019, following the Royal Commission, several law firms sought to commence class actions against ... |
| | | | Franklin Templeton has shuttered two of its funds this month, while Pendal will terminate one of its funds in August. Responsible entity Franklin Templeton Australia Limited (FTAL) has closed both the ClearBridge RARE Emerging Markets Fund and Martin ... |
| | | | DASH Technology Group (DASH) and S64 have announced a strategic partnership designed to enhance access to private market investments for financial advice firms and their clients. Through the partnership, Australian advisers will have access to private ... |
| | | | The Association of Superannuation Funds of Australia (ASFA) and EY have released guidance to help superannuation trustees navigate key aspects of APRA's new prudential standard, CPS 230. CPS 230 will come into effect on July 1, making super trustees ... |
| | | | ... member accounts, some 71,540 of which were active. The median account balance was $152,000 and the median member age was 53; close to 60% of members are aged over 50. "TelstraSuper remains committed to helping members achieve the best retirement outcome ... |
| | | | ... for bonds and equities. So, we got less diversification. Now, we're back down closer to zero." If correlations stay close to zero and don't stray beyond -0.3 and +0.3, Stewart adds that there's good diversification to be had. Financial Standard ... |
| | | | The Australian Financial Complaints Authority (AFCA) is opening public consultation on a string of governance changes, with a key focus on expanding its jurisdiction to include receiving banks in scam complaints. Following an engagement with an external ... |
| | | | ... now, geopolitical risk and policy risk is a key feature," Hennessy said. "Coming into this, it looked as if the US was very close to achieving its soft landing, but what I expect to see over the next three months are signs that the US economy is slowing." ... |
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