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| | | As it gears up for its own merger, Equipsuper has completed another successor fund transfer, transitioning the corporate super plan of a national wealth management group. Equipsuper is now home to the 950 members of the Pitcher Retirement Plan, with ... |
| | | | ... without making a loss, a claim he said he had heard from constituents. AFA board member and treasurer Sam Perera said that yes, most of the high cost of providing financial advice comes from the compliance burden. "You can surmise that there is dumb ... |
| | | | With most of us, Australians all, only just emerging from isolation and many businesses still locked down or operating with limitations, the rising rate of unemployment - from 5.2% in March to 6.4% in April to 7.1% in May - doesn't surprise. In ... |
| | | | Westpac sold its 9.5% stake in Pendal Group after market close yesterday sweeping clean its stake, and will continue to withdraw from the $14 billion in assets that Pendal currently manages for it. The block trade, which was handled by UBS last evening ... |
| | | | Former president of the Australian Institute of Superannuation Trustees and director of two industry super funds, David Smith, has been posthumously awarded the award for Trustee of the Year. The AIST honoured Smith at its annual general meeting yesterday ... |
| | | | ASX-listed Flamingo Ai's proposed sale of its assets to Rymamay Investments has been scrapped after due diligence by the latter, as the parties couldn't agree the terms of the share sale agreement. Flamingo's board has now set itself a 30-day timeline ... |
| | | | Rest member Mark McVeigh's day in court with his $57 billion industry superannuation fund over its management of climate change risk has been delayed. New orders were made in the Federal Court yesterday, with the trial date pushed back from July ... |
| | | | Sam Henderson's claims he had a Master of Commerce to prospective clients has seen him charged with dishonesty offences, with ASIC referring the case to the public prosecutor. ASIC this afternoon announced Henderson has been charged with three counts ... |
| | | | ... TINA - there is no alternative - with both short and long-term interest rates so very low, and FOMO - fear of missing out. Yes Virginia, the worst of the pandemic may be just a reflection in our rear view mirrors. However, it doesn't mean that it'll ... |
| | | | ... conducting its functions outside its powers, and/or without proper process," he said. "It's all about the media release. And, yes, ASIC is on record (I have the emails!) where they have asked licensees to 'choose' or 'negotiate' their outcome, but on ... |
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