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Showing 6101 - 6110 of 15792 results for "TER"

Industry fund hires executives

KANIKA SOOD  |  WEDNESDAY, 5 DEC 2018
An $11 billion industry superannuation fund has created two new executive executive roles that report directly to the chief executive officer. Local Government Super, which manages superannuation investments for employees in NSW local governments, has ...

Nikko Asset Management awards global equities mandate

KARREN VERGARA  |  WEDNESDAY, 5 DEC 2018
Nikko Asset Management has awarded a global equities mandate for $260 million. UK-based Royal London Asset Management, together with Ironbark Asset Management, won the mandate from the Australia and New Zealand arm of Nikko. Sydney-based Ironbark, which ...

Chief economist update: Tariff man takes Wall Street down

BENJAMIN ONG  |  WEDNESDAY, 5 DEC 2018
With one tweet, US President Donald Trump reversed all of Wall Street's gains... and then some. "....I am a Tariff Man. When people or countries come in to raid the great wealth of our Nation, I want them to pay for the privilege of doing so. It ...

Future Fund to manage new drought fund

KANIKA SOOD  |  TUESDAY, 4 DEC 2018
The Federal Government has introduced a bill to set up a $5 billion fund for drought-related spending that will be managed by the Future Fund Board of Guardians. Minister for Finance and the Public Service Mathias Cormann said the fund will kick off ...

Industry Super Australia chair steps down

DARREN SNYDER  |  TUESDAY, 4 DEC 2018
Former Australian Council of Trade Unions secretary and former Federal Government minister Greg Combet will become the new chair of Industry Super Australia today. Combet will replace Peter Collins in the top role as the latter steps down to fulfil ...

Planning firm among healthiest Australian workplaces

HARRISON WORLEY  |  TUESDAY, 4 DEC 2018
Financial services companies fared well in AIA's latest healthiest workplace survey, with a 21-year-old firm recognised as Australia's healthiest small workplace. The Commonwealth Superannuation Corporation, planning firm Announcer and Mercer are all ...

Tax treatment of granny flats under review

JAMIE WILLIAMSON  |  FRIDAY, 30 NOV 2018
The Federal Government has requested the Board of Taxation conduct a review of the tax treatment of granny flat arrangements and outline potential reforms to assist the prevention of elder abuse. Under existing tax laws, a homeowner may have to pay ...

ANZ hid reasons for executive pay cuts

KANIKA SOOD  |  THURSDAY, 29 NOV 2018
ANZ chief executive Shayne Elliott admitted the bank did not disclose to its shareholders or staff that three of its senior executives had their variable pay held back in FY18 on account of compliance issues. Elliot's own variable remuneration was ...

Miscalculations delay remediation, more issues emerge: AMP

JAMIE WILLIAMSON  |  WEDNESDAY, 28 NOV 2018
AMP has issued a clarifying statement following interim chief executive Mike Wilkins' testimony to the Royal Commission that the fees-for-no-service issue was initially expected to cost $1.2 billion and take nine years to remedy. He also flagged ...

ANZ lambasted for breach reporting delays

KARREN VERGARA  |  WEDNESDAY, 28 NOV 2018
ANZ is the slowest and an "outlier" among the major banks to report significant breaches, the Royal Commission heard this morning. ANZ chief executive Shayne Elliott couldn't justify why the bank took 213 days to report significant breaches (despite ...