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Showing 5821 - 5830 of 22790 results for "Funds"

Superhero sets eyes on managed accounts

ALLY SELBY  |  WEDNESDAY, 7 OCT 2020
... massive efficiency, he said, allowing the platform to pass on cost efficiencies to Superhero's members. Investor's funds are held in a pooled account by NAB, which generates zero interest for Superhero, Winters said. He noted that a number of ...

Super reforms modest negative for AMP, IOOF: Credit Suisse

KANIKA SOOD  |  WEDNESDAY, 7 OCT 2020
... MySuper products to a new APRA-administered annual test from July 2021 and all trustee-directed super products from July 2022. Funds that fall five percentage points below the benchmark two years in a row will be barred from receiving new members and ...

Super's role in new $10bn infra spend

KANIKA SOOD  |  WEDNESDAY, 7 OCT 2020
Superannuation funds will be cautious in approaching the budget's $10 billion extra infrastructure spend promise, says Frontier Advisors. Last night, federal Treasurer Josh Frydenberg said it will increase the infrastructure investment pipeline ...

Financial services firm names new directors

ALLY SELBY  |  WEDNESDAY, 7 OCT 2020
A diversified financial services firm with $1.55 billion in funds under management has appointed two new directors to its board following the its recent merger. Euroz Limited has appointed Ian Parker and Richard Simpson to its board, both who bring ...

Queensland funds explore merger

KANIKA SOOD  |  WEDNESDAY, 7 OCT 2020
Two Queensland industry funds have signed a memorandum of understanding to explore a merger which could create a $20 billion superannuation fund. Energy Super and LGIAsuper will commence due diligence on an exclusive basis, to vet if a merger will be ...

Super industry cautious on more reform

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
... a missed opportunity to improve retirement outcomes for low income earners and women." The Association of Superannuation Funds of Australia (ASFA) said it supports measures to lift standards for MySuper products but changes need to be carefully considered. ...

MySuper funds face new test, member bans

KANIKA SOOD  |  TUESDAY, 6 OCT 2020
... on seven years of performance data. On an ongoing basis the test will apply over an eight year period." Underperforming funds will have to inform their members by 1 October 2021. They will also have to provide them the YourSuper tool, where they will ...

Government declares record deficit, super reforms

JAMIE WILLIAMSON  |  TUESDAY, 6 OCT 2020
... until they are shown to no longer be underperforming. Non-MySuper products will be added from July 2022. "Superannuation funds will be required to meet an annual performance test under the guidance of the prudential regulator," Frydenberg said. "Poor ...

Will Janus Henderson and Invesco merge?

KANIKA SOOD  |  TUESDAY, 6 OCT 2020
... 9.9% stakes each in Janus Henderson Group and Invesco, sparking speculation of a potential merger in the latter two. Trian Funds Management revealed the positions in SEC 13D filings on Friday and first reported by Wall Street Journal. The firm was founded ...

Another MLC advice firm exits group

KARREN VERGARA  |  TUESDAY, 6 OCT 2020
... planner Kevin Redfearn, is now operating under the AFSL of independent group FYG Planners, which has over $3 billion in funds under management. DFS was licensed with GWM Advisers, which was part of MLC. Redfearn has been in the financial advice industry ...