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Showing 601 - 610 of 882 results for "FOS"

MySuper fees force super fund to exit high return strategy

LAURA MILLAN  |  MONDAY, 7 SEP 2015
The requirement to charge low fees under MySuper has forced one superannuation fund to exit a Principal Global Investments (PGI) strategy that had returned 13% over five years. PGI chief executive in Australia Grant Foster said that the super fund pulled ...

ASIC would "rarely" ban products

ALEX BURKE  |  MONDAY, 7 SEP 2015
ASIC would only ban products in "extreme circumstances" if its regulatory powers were expanded as per Financial System Inquiry recommendations, ASIC chair Greg Medcraft said. Speaking at the Banking and Financial Services Law Association conference ...

Future Super launches fossil free index

DARREN SNYDER  |  TUESDAY, 1 SEP 2015
Investors interested in Australian Securities Exchange (ASX) listed companies considered to be fossil fuel free and sustainably sound have been given a helping hand. Today Thomson Reuters and Future Super have launched two indices aiming to serve growing ...

Member activism could hurt super returns

LAURA MILLAN  |  MONDAY, 31 AUG 2015
Activism from fund members and social media users concerned about environmental, social and governance (ESG) issues could end up hurting superannuation returns. The recent campaign against HESTA's exposure to Transfield has highlighted the risks that ...

Retail responsible investment up 24pct

DARREN SNYDER  |  TUESDAY, 11 AUG 2015
The notion that Australians are disengaged from their superannuation has started its terminal decline according to Responsible Investment Association Australasia (RIAA) chief executive Simon O'Connor. O'Connor made the comment as the annual RIAA Responsible ...

Bendigo wealth earnings fall 20pct despite acquisition

LAURA MILLAN  |  MONDAY, 10 AUG 2015
Bendigo and Adelaide Bank cash earnings for its wealth management division are down 20.5%, despite the acquisition of a stake in a superannuation fund. Australia's fifth largest bank reported its results for the year to 30 June 2015 and confirmed that ...

ASIC to foster fintech growth

DARREN SNYDER  |  FRIDAY, 31 JUL 2015
The Australian Securities and Investments Commission (ASIC) has established a Digital Finance Advisory Committee (DFAC) that will meet for the first time next month and advise the regulator on engagement with fintech businesses. DFAC forms one part ...

Zurich identifies investment megatrends

MARK SMITH  |  WEDNESDAY, 29 JUL 2015
Zurich Financial Services has identified five megatrends which it believes will determine the most plausible investment opportunities for the medium to long-term. In a new whitepaper, titled "Investable Megatrends", the company identifies factors - ...

Class appoints three board members

DARREN SNYDER  |  WEDNESDAY, 15 JUL 2015
Three new board members have joined Class, the provider of cloud-based self-managed superannuation fund (SMSF) administration software Class Super. Class chairman Barry Lambert said the appointments will be invaluable as the company prepares for an ...

FPA announces CFP award winner

ALEX BURKE  |  WEDNESDAY, 8 JUL 2015
The Financial Planning Association of Australia (FPA) has announced the winner of its third Gwen Fletcher Memorial Award. Apt Wealth Partners head of advice and director John Moran received the award - named after the financial planning pioneer - for ...