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Showing 561 - 570 of 5174 results for "YES"

Equipsuper, corporate fund merge

JAMIE WILLIAMSON  |  WEDNESDAY, 1 JUL 2020
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 ...

AFA, FPA share bleak view of industry

ELIZABETH MCARTHUR  |  TUESDAY, 30 JUN 2020
... 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 ...

Chief economist update: Honey, COVID-19 got me sacked

BENJAMIN ONG  |  FRIDAY, 19 JUN 2020
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 sells legacy stake in Pendal

KANIKA SOOD  |  THURSDAY, 18 JUN 2020
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 ...

AIST celebrates Trustee of the Year

HARRISON WORLEY  |  THURSDAY, 18 JUN 2020
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 ...

Flamingo AI acquisition scrapped

KANIKA SOOD  |  TUESDAY, 16 JUN 2020
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 climate change trial delayed

ELIZABETH MCARTHUR  |  THURSDAY, 11 JUN 2020
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 in court over phantom degree

KANIKA SOOD  |  WEDNESDAY, 10 JUN 2020
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 ...

Chief economist update: Equity market disconnect

BENJAMIN ONG  |  WEDNESDAY, 10 JUN 2020
... 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 ...

ASIC mainly concerned with media releases: Lawyer

ELIZABETH MCARTHUR  |  TUESDAY, 9 JUN 2020
... 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 ...