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Showing 581 - 590 of 6394 results for "INFORM"

APRA prioritises supervision of trustee spending

JAMIE WILLIAMSON  |  TUESDAY, 22 OCT 2024
The prudential regulator is clamping down harder on super trustees' spending, saying it has identified "deficient" and "questionable" practices among funds. APRA deputy chair Margaret Cole has informed all RSE licensees that it will be intensifying ...

ESSSuper shifts members to new default option

KARREN VERGARA  |  MONDAY, 21 OCT 2024
... will move to the Balanced Growth Managed option for Accumulation Plan and beneficiary accounts on November 22 unless they inform the super fund otherwise. ESSSuper announced in August that it launched the new option in a bid to help members boost their ...

IAM announces new product, appointment

ELIZA BAVIN  |  MONDAY, 21 OCT 2024
Income Asset Management (IAM) has launched a new asset backed securities (ABS) and residential mortgage-backed securities (RMBS) product, ABS-RMBS Direct. The new product aims to offer investors direct access to the asset class. ABS and RMBS are investment ...

ECB drops interest rates to 3.25%

KARREN VERGARA  |  FRIDAY, 18 OCT 2024
The European Central Bank (ECB) has lowered interest rates for the third time this year by 25 basis points to 3.25%. The decision affects three key areas: the deposit facility, main refinancing operations, and marginal lending facility, which will decrease ...

Mandate appointments sink to new lows

ANDREW MCKEAN  |  THURSDAY, 17 OCT 2024
The number of mandates awarded by not-for-profit (NFP) super funds and investment managers has spiralled into freefall, according to the latest Rainmaker Information research. NFP super funds and investment managers made 76 mandate appointments in the ...

Super fund fees exploit Australians' low financial literacy

ANDREW MCKEAN  |  WEDNESDAY, 16 OCT 2024
Vanguard Investments Australia managing director Daniel Shrimski believes Australians would be shocked to learn how much is being drained from their retirement savings through super fund fees. New research commissioned by Vanguard, conducted by CT Group ...

IFM Investors loses top executive

ELIZABETH FRY  |  FRIDAY, 11 OCT 2024
IFM Investors' high-profile chief operating officer Lounarda David has quit the pension-owned infrastructure and private equity specialist. David plans to take a short break before deciding what to do next - probably until after the Christmas holiday ...

Australian investment market moves onward and upward

ANDREW MCKEAN  |  THURSDAY, 10 OCT 2024
Australia's investment management market continued its upward climb, reaching $3.4 trillion by the end of June, recording annual growth of 8.8%, according to Rainmaker Information. Consolidated assets, which represent headline funds under management ...

VFMC fills new head of asset classes role

ANDREW MCKEAN  |  FRIDAY, 4 OCT 2024
Victorian Funds Management Corporation (VFMC) has tapped an internal candidate to step into the newly minted role of head of asset classes. Mark Aarons has been chosen to take on the role. Aarons joined VFMC in the role of head of investment risk in ...

ANZ, OnePath settle $50m class action

ELIZA BAVIN  |  FRIDAY, 4 OCT 2024
ANZ and OnePath superannuation customers may be entitled to get their super back after Slater and Gordon secured a $50 million class action settlement. The no-fault settlement was reached with ANZ and its former subsidiaries, OnePath Custodians (OPC) ...