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Showing 601 - 610 of 1826 results for "DAM"

Westpac served class action

JAMIE WILLIAMSON  |  WEDNESDAY, 18 DEC 2019
Westpac has confirmed it was served with a class action on behalf of shareholders in relation to the AUSTRAC investigation. The class action has been filed by Phi Finney McDonald. The claim relates to market disclosure issues connected to Westpac's ...

No joy in the advice world this Christmas

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 DEC 2019
Frustration and despair will be the main course for financial advisers this Christmas, says financial services veteran. The Christmas season may potentially be the catalyst for action by exhausted advisers who are feeling physically, financially and ...

Super funds snap up local renewable asset

HARRISON WORLEY  |  MONDAY, 9 DEC 2019
Two of Australia's largest industry superannuation funds have joined forces to purchase a South Australian wind farm capable of generating enough energy to power more than 140,000 homes each year. HESTA and First State Super have partnered with independent ...

China still positive despite unrest

ELIZA BAVIN  |  TUESDAY, 3 DEC 2019
There is a strange tug-o-war occurring in Asia at the moment. On the one hand every man and his dog is trying to tap into the wonders of China as an emerging market, and on the other there is mayhem as one of the nation's major financial hubs suffers ...

Industry fund for coal miners on ESG journey

ELIZABETH MCARTHUR  |  MONDAY, 2 DEC 2019
Mine Super, the $11 billion industry fund for the coal mining industry, has clarified its position on a number of ESG issues. Vasyl Nair is the chief risk officer for Mine Super, he recently spoke at a panel on ESG issues at the annual Investment Performance ...

Industry fund appoints new group insurer, ups indirect fee

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2019
A $2.6 billion industry superannuation fund has brought to an end its long-standing relationship with Hannover Life Re, appointing a new life insurer. At the same time, the fund has increased its indirect administration fee. Intrust Super recently awarded ...

APRA to take transparent approach

HARRISON WORLEY  |  TUESDAY, 19 NOV 2019
APRA's new approach to governance, culture, remuneration and accountability will see the prudential regulator focus on strengthening, sharpening and sharing. The regulator today released an information paper on its "more intensive" regulatory approach ...

Governance experts join boutique

ELIZABETH MCARTHUR  |  TUESDAY, 19 NOV 2019
Two well-known governance experts have joined MGD, a growing boutique financial services firm. Michael Drew has been appointed as chief investment officer and director and Adam Walk will join the firm as director, investment advisory. In their new roles ...

Chief economist update: Lower iron ore a boon to the Aussie budget

BENJAMIN ONG  |  THURSDAY, 14 NOV 2019
... nearest bottom) with prices dropping by more than 20% to US$96.56 a month later. Reduced supply - due mainly to the mining dam disaster in Brazil - and increased demand - due to higher Chinese steel production - sent iron ore prices soaring in the first ...

Platform hires former Netwealth distribution head

JAMIE WILLIAMSON  |  THURSDAY, 14 NOV 2019
The former head of distribution for Netwealth has taken on a newly created role with a rival managed accounts and platform provider. Nick Mitchell has been appointed co-head of distribution at Mason Stevens. In the new role, Mitchell will be responsible ...