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Showing 6281 - 6290 of 28263 results for "NOT"

Quasi-mergers in APRA's sights

ELIZA BAVIN  |  WEDNESDAY, 10 MAR 2021
... said. In response, APRA deputy chair Helen Rowell said it wants to see the best outcomes for members and while the deal does not require APRA's formal approval, it is the subject of a supervisory enquiry. "In any significant decision taken by a trustee ...

Chief economist update: OECD sees stronger growth ahead

BENJAMIN ONG  |  WEDNESDAY, 10 MAR 2021
... compared with the US of A, the Australian economy contracted by less -- -2.5% in 2020 compared with the US' -3.5%. It's not only against the US but the Australian economy has receded less than its peers. Eurozone GDP dropped by 6.8% in 2020 ...

APRA calls out poor group insurance practices

KARREN VERGARA  |  TUESDAY, 9 MAR 2021
... funds have increased premiums, some as frequently as twice in one year, blaming increased government regulations. APRA is not ignorant of this trend, observing the premiums per insured member escalated during 2020 and as a result trustees went to tender ...

Perpetual promotes on Aussie equities team

KANIKA SOOD  |  TUESDAY, 9 MAR 2021
Perpetual has appointed deputy portfolio managers for its Australian equities long-short fund and for the smaller companies fund. The Perpetual Share-Plus Long-Short Fund is currently managed by Anthony Aboud. Perpetual has appointed Sean Roger as the ...

Link faces another lawsuit

KARREN VERGARA  |  TUESDAY, 9 MAR 2021
... 300,000 investors were affected by the fund's collapse," she said. Link has three months to respond to the letter. If Link does not agree to compensate investors, Leigh Day will commence proceedings to the High Court. Law firm Harcus Parker is also suing ...

AMP Capital severs ties with global equities unit

KARREN VERGARA  |  TUESDAY, 9 MAR 2021
... manage the strategies. "AMP Capital and Fiera Capital are committed to ensuring that existing client terms and conditions will not be impacted, and clients experience a seamless experience throughout the transition," they said. Steele commented: "We ...

Mainstream to be acquired for $170m

ELIZA BAVIN  |  TUESDAY, 9 MAR 2021
... court approval is received, the settlement amount will be paid within five days of receiving court approval. This matter did not involve legal proceedings against the US subsidiary," the fund administrator said.

BetaShares eyes expansion with new shareholder

KANIKA SOOD  |  MONDAY, 8 MAR 2021
... shareholder in BetaShares Holdings, replacing Korea's Mirae Asset Financial Group and some minority shareholders. BetaShares did not disclose the sale price and actual shareholdings. Mirae came on board as an investor in BetaShares Holdings in 2012. ...

Funds announce chief ahead of merger

ELIZABETH MCARTHUR  |  MONDAY, 8 MAR 2021
... billion," LGIAsuper chair John Smith said. "Her history of working in the energy sector also ensures that she understands not only LGIAsuper's members, but also the industries in which many of Energy Super's 48,000 members work. As well as being ...

Women-led super funds outperform

KARREN VERGARA  |  MONDAY, 8 MAR 2021
... outperformed their male-dominated peers by 0.6% per annum over three years, and 0.4% per annum over five years. Although this may not sound like much, for millennials and generation X, being with one of these female-dominated super funds over their working ...