Search ResultsShowing 41 - 50 of 100+ results for "December 2014"
Senate secures members' interest changes
HARRISON WORLEY  |  FRIDAY, 20 SEP 2019
Insurance in superannuation is now opt-in only for new members under the age of 25 and those with low account balances, after the government's Putting Members' Interests First super reforms passed through the Senate yesterday. The Senate passed ...
Brett Himbury's next innings
KANIKA SOOD  |  FRIDAY, 20 SEP 2019
IFM Investors chief executive will only be 57 when he retires in December next year, but he says the time is right. The company announced Himbury's intention to retire yesterday morning, after 10 years at the industry-fund-owned manager which has ...
Federal Court delivers APRA, IOOF verdict
JAMIE WILLIAMSON  |  FRIDAY, 20 SEP 2019
The Federal Court of Australia has found IOOF did not contravene the Superannuation Industry Supervision Act in the case brought against its APRA-regulated entities by the prudential regulator. The Federal Court has held that IOOF's Investment Management ...
IFM Investors boss to retire
KANIKA SOOD  |  THURSDAY, 19 SEP 2019
Brett Himbury, the chief executive of the $148 billion industry-super-owned fund manager, is retiring after a decade in the role in a surprise announcement made this morning. Himbury will retire from executive roles effective December 2020. IFM Investors ...
Chief economist update: Future path of fed funds rate
BENJAMIN ONG  |  THURSDAY, 19 SEP 2019
Two down, none to go! There was division at the Fed - one official wanted a 50 bps rate cut; two wanted the target rate maintained - but after all was said and done, they were outvoted by the majority of seven (led by Fed chair Powell) which didn't ...
AllianceBernstein wins industry fund mandate
ELIZABETH MCARTHUR  |  WEDNESDAY, 18 SEP 2019
An $11 billion industry fund will become the first super fund to invest in a low-carbon portfolio designed by AllianceBernstein. NGS Super has invested $170 million in AllianceBernstein's Managed Volatility Equities Fund Green strategy, known as ...
Northern Trust chair defends Woodford loan
ELIZABETH MCARTHUR, KANIKA SOOD  |  TUESDAY, 17 SEP 2019
Northern Trust chair and chief executive Michael O'Grady has defended the company giving an embattled Neil Woodford fund added flexibility on a £150 million loan. The British fundie famously took to YouTube to apologise to investors after ...
Chief economist update: Fed future move depends on dollar direction
BENJAMIN ONG  |  MONDAY, 16 SEP 2019
... Merrill Lynch is less sanguine, projecting three rate cuts of 25 basis points each this year - in September, October and December - before holding steady for the rest of next year. The Fed doesn't have to chop interest rates by another two or three ...
Chief economist update: Germany in the budget's shadow
BENJAMIN ONG  |  TUESDAY, 10 SEP 2019
The Global Financial Crisis of 2008 gave birth to "non-conventional monetary policy" - where many developed country central banks lowered interest rates to zero/negative and/or engaged in quantitative easing. While these prevented the "Great Recession" ...
APRA hires from AustralianSuper
HARRISON WORLEY  |  MONDAY, 9 SEP 2019
A portfolio manager in the nation's largest superannuation fund has taken a leadership role at the prudential regulator. APRA confirmed to Financial Standard the appointment of AustralianSuper senior portfolio manager Mark Ferguson as head of investment ...
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