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Showing 5701 - 5710 of 28263 results for "NOT"

Final YFYS regulations out, government "backflips" on admin fees

KANIKA SOOD  |  MONDAY, 9 AUG 2021
... regulations on administration fees a "backflip" that it says will allow funds to continue gouging members for fees. "This not only allows dud super funds to whitewash years of fee gouging, it also gives unscrupulous players free reign to fiddle the books ...

Government releases final YFYS regulations

KANIKA SOOD  |  FRIDAY, 6 AUG 2021
The government yesterday registered the final regulations for Your Future, Your Super reforms. The bill passed the Parliament on June 17. The regulations have sharpened the methodology for annual performance tests, which it says will incentivise underperforming ...

Super fund member meetings under the spotlight

KARREN VERGARA  |  FRIDAY, 6 AUG 2021
... that many should be giving members a better opportunity to have their voices heard. While the the corporate regulator did not identify significant failures among the 24 super funds reviewed, it did find that the majority need to improve how they communicate ...

Bennelong launches emerging markets strategy

KARREN VERGARA  |  THURSDAY, 5 AUG 2021
... benchmarks the MSCI Emerging Market Index. Edinburgh-based Skerryvore lead portfolio manager Glen Finegan said the fund does not invest in Chinese education, media, or internet businesses because of the governance compromises this requires. "Investing ...

Rest closes basic cash option

KANIKA SOOD  |  WEDNESDAY, 4 AUG 2021
The industry fund will close its basic cash option on August 13, as it sees returns dry up. The option invested in cash securities that have a maximum maturity of three months. It aimed to match the return of the one-month Australian Bank Bill rate ...

Redpoint launches equity income fund

KARREN VERGARA  |  WEDNESDAY, 4 AUG 2021
... the fund is aimed at yield-seeking investors such as self-funded retirees, other low-income tax rate payers as well as the not-for-profit sector. Investing in Australian equities remains a core exposure for domestic investors driven, in part, through ...

Australia's first Filecoin fund launches

ELIZABETH MCARTHUR  |  WEDNESDAY, 4 AUG 2021
... investors exposure to a different kind of digital asset. The fund is seeking to raise $25 million over three months and will not charge a management fee. Filecoin was developed by Protocol Labs and is the world's largest decentralised storage network ...

Six Park lowers minimum investment to $2k

ELIZABETH MCARTHUR  |  WEDNESDAY, 4 AUG 2021
... of Australians believed they needed more than $10,000 to start investing. "There's a clear appetite from young investors to not just start investing, but to invest with professional support," Garrett said. "By offering a diversified, affordable option ...

Lifecycle MySuper outperforms single strategy

KANIKA SOOD  |  TUESDAY, 3 AUG 2021
... years (for 61 options). Many funds such as AustralianSuper said the returns this financial year were their best in decades, if not since inception.

Former Millennium3 representatives cop ban

KARREN VERGARA  |  TUESDAY, 3 AUG 2021
... services law; its representatives also failed to abide by Millennium3's compliance manual. Further, ASIC determined they did not supervise and monitor the practice or had a proper due diligence process when purchasing NCFS's client book. When NCFS took ...