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Showing 6011 - 6020 of 19591 results for "RIS"

Fees down across asset classes: Report

ELIZA BAVIN  |  WEDNESDAY, 16 OCT 2019
A report has found substantial fee reductions across a number of asset classes, associated with continued pressure on external manager fees from asset owners. The bfinance report found fees for active global equity mandates have fallen by 7% since 2013 ...

IMF predicts bleak Australian outlook

ELIZA BAVIN  |  WEDNESDAY, 16 OCT 2019
The International Monetary Fund has predicted Australia's economy will weaken a full percentage point in 2019 down to 1.7% growth from 2.7% last year. In its latest World Economic Outlook report, the IMF warned of a "synchronised global slowdown" to ...

Portfolio manager departs LIC

KANIKA SOOD  |  TUESDAY, 15 OCT 2019
One of Australia's oldest global shares LICs is bidding farewell to its portfolio manager who is leaving the manager after 19 years to pursue other opportunities. Franklin Templeton announced Peter Wilmshurst's departure from the company earlier this ...

Women overlooked by retirement income review

HARRISON WORLEY  |  TUESDAY, 15 OCT 2019
The retirement income review is facing calls for its terms of reference to be modified to explicitly focus on the retirement outcomes of women. Women in Super - the national advocacy group for women employed in superannuation and financial services ...

No one reads the PDS: ASIC

ELIZABETH MCARTHUR  |  TUESDAY, 15 OCT 2019
ASIC is calling time on the financial services industry's reliance on disclosure as the default consumer protection, saying it enables poor conduct and poor consumer outcomes. The regulator said disclosures have been assumed to inform consumers to make ...

No pain, no gain: APRA

HARRISON WORLEY  |  TUESDAY, 15 OCT 2019
As APRA raises the bar for the superannuation sector, trustees are readying themselves for discomfort. But the prudential regulator believes the pain is necessary for improving member outcomes. Addressing the Australian Institute of Superannuation Trustees ...

Chief economist update: Brexit uncertainty is not all that bad

BENJAMIN ONG  |  TUESDAY, 15 OCT 2019
Hear ye, hear ye! Her majesty Queen Elizabeth II has spoken. "My Government's priority has always been to secure the United Kingdom's departure from the European Union on October 31," she has said. Whether her majesty will later come to regret ...

Fund Manager of the Year revealed

JAMIE WILLIAMSON  |  MONDAY, 14 OCT 2019
The Fund Manager of the Year has been named at the eighth annual Zenith Fund Awards, with the winner also taking out top honours for infrastructure and international equities excellence. Magellan Asset Management took home the Fund Manager of the Year ...

Broker fined for lavish entertainment

ELIZABETH MCARTHUR  |  MONDAY, 14 OCT 2019
The Financial Conduct Authority in the UK has fined Tullett Prebon £15.4 million, citing "lavish entertainment" and lack of effective controls. The FCA said Tullett Prebon, an inter-dealer broker which acts for institutional clients transacting in ...

BT Financial Group enlists research provider

ELIZABETH MCARTHUR  |  MONDAY, 14 OCT 2019
BT Financial Group has appointed an investment research house to provide managed accounts research advisory services. Morningstar Australasia will now support BTFG's six Multi-Sector Series Portfolios available to advisers through BT Managed Portfolios ...