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Showing 6171 - 6180 of 22796 results for "Funds"

Statewide overhauls risk management approach

ELIZA BAVIN  |  WEDNESDAY, 15 JUL 2020
Statewide Super has hit the refresh button on its approach to risk, prompted by COVID-19 and the Royal Commission. The funds recently appointed chief risk officer, Jason Muir said his goal is to refresh the industry fund's approach to risk in a post-COVID-19 ...

ERS sees 300,000 repeat applications

ELIZA BAVIN  |  WEDNESDAY, 15 JUL 2020
... applications has topped $23 billion, however at the time of APRA releasing the data only $19.1 billion has been paid. Super funds continue to keep up with the five working day time frame set up by APRA with funds making payments within that limit 95% ...

Spaceship Super gets boost from Voyager

KANIKA SOOD  |  TUESDAY, 14 JUL 2020
... for its $300 million superannuation fund. Spaceship, which started out as a superannuation fund in 2017, added a managed funds business called Spaceship Voyager in 2018, offering two low-cost equities funds with the average investor a 30-year-old worker. ...

J.P. Morgan launches ESG integration policy

RACHEL ALEMBAKIS  |  TUESDAY, 14 JUL 2020
J.P. Morgan Asset Management has launched a new integrated ESG policy statement for its global funds management business. The new ESG policy includes a proprietary 10-point ESG scoring system to evaluate its asset management teams on their level of ...

Industry funds team up in longevity search

KANIKA SOOD  |  TUESDAY, 14 JUL 2020
Nine industry funds are working with Frontier Advisors to probe new longevity risk products for retiree members, which could include tweaking account-based pensions. The working group, which was put together late last year, is expected to present its ...

Pendal winds back fees

KANIKA SOOD  |  TUESDAY, 14 JUL 2020
Pendal Group has made year-long fee cuts on two funds, as it sees the Reserve Bank of Australia holding the cash rate at the record-low of 0.25%. The Pendal Managed Cash Fund will go from charging 22bps per year to 12bps, while the Pendal Stable Cash ...

ME Bank chief resigns

ELIZABETH MCARTHUR  |  TUESDAY, 14 JUL 2020
... scrutiny over the bank's adjusting of redraw facilities for mortgage customers and its relationship with the industry funds that own it. McPhee, who has been chief executive for 10 years, said he felt it was time to hand over the position to someone ...

Super fund satisfaction mixed, SMSFs unhappy

ELIZABETH MCARTHUR  |  TUESDAY, 14 JUL 2020
... 72% reported being happy with their fund, versus 65% of those who did not seek guidance. According to Roy Morgan, retail funds saw the biggest increase in ratings, recording a 2.2% rise year on year. However, it did little to boost the retail sector's ...

Multi-boutique adds to US team

KANIKA SOOD  |  MONDAY, 13 JUL 2020
... for Americas, in a newly-created role focussed on expanding its distribution in the region. Jeff Chapman - owned Bennelong Funds Management has appointed Daniel Allen as the managing director for Americas for its subsidiary BennBridge, effective June ...

Research slams ADL definition

ELIZABETH MCARTHUR  |  MONDAY, 13 JUL 2020
... is working towards the removal of the ADL definition from policies. A spokesperson for TAL said it is working with super funds to develop alternatives to ADLs. "In 2018 TAL worked with Cbus to develop its 'Everyday Working Activities' definition which ...