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Showing 611 - 620 of 3206 results for "Scheme"

Global pension report reveals flight to safety

ELIZABETH FRY  |  FRIDAY, 9 DEC 2022
As is typical in volatile and uncertain times, a flight to safety is apparent. Global public funds will be net sellers of public equity and some higher-yielding fixed-income assets. They will retreat to safe-haven currencies, with dollar holdings rising ...

ASIC suspends, cancels AFSLs

CHLOE WALKER  |  WEDNESDAY, 7 DEC 2022
... financial services that are reasonably necessary for, or incidental to, the winding up the schemes except the Quantum Strata Scheme No. 14 (Scheme 14), which is not being wound up," ASIC said. "Investors in Scheme 14 should contact QFML for further information." ...

Household Capital acquires Pension Boost

ANDREW MCKEAN  |  MONDAY, 5 DEC 2022
Household Capital has acquired government home equity scheme specialist Pension Boost; endeavoring to become the leading provider of home equity access in 2023. Pension Boost assists retirees in accessing the Home Equity Access Scheme with Centrelink. ...

Corporate super plan seeks merger partner

JAMIE WILLIAMSON  |  FRIDAY, 2 DEC 2022
... difficult for the trustees to reasonably argue it was in members' best financial interests to continue operating the scheme. The primary reason was that Alcoa lacks scale, meaning the costs to operate are much higher per member. It also cannot invest ...

ASIC sues crypto fintech over unlicensed advice

JAMIE WILLIAMSON  |  THURSDAY, 24 NOV 2022
... to providing unlicensed financial advice, ASIC also alleged Block Earner was running an unregistered managed investment scheme. ASIC alleged the products should have been licensed as they were a managed investment scheme. ASIC said that as of April 2022 ...

Super assets decline despite contributions surge

JAMIE WILLIAMSON  |  WEDNESDAY, 23 NOV 2022
Total superannuation assets dropped 3.2% in the year to September 30 despite a 12% increase in contributions. APRA's latest statistics show $150.2 billion in contributions were made in the period, which is about 12% higher than the previous corresponding ...

Private market investment impediments not insurmountable: Frontier

ANDREW MCKEAN  |  TUESDAY, 22 NOV 2022
... test, uncertainty has disproportionally impacted illiquid asset classes. Policies like the COVID-19 early release of super scheme created unforeseeable demands on liquidity, such a precedent caused funds to hold lower levels of illiquid assets than possible. ...

Perpetual appoints head of equities

ANDREW MCKEAN  |  MONDAY, 21 NOV 2022
... deal. The court also said it would be open to Pendal seeking orders to enforce Perpetual's obligations to complete the scheme, including by way of injunctive relief or orders of specific performance. Perpetual has had multiple offers of takeover ...

Link Group offloads PEXA stake

ANDREW MCKEAN  |  MONDAY, 21 NOV 2022
... Woodford fund. Consequently, Dye & Durham revised its takeover offer which Link's board rejected. In the event of the scheme not proceeding, Link said it would evaluate alternatives for the business, engaging with applicable regulators, including ...

Super is enabling private market democratisation: PGIM

ANDREW MCKEAN  |  FRIDAY, 18 NOV 2022
Superannuation funds are playing a huge role in democratising private markets, making them more accessible to retail investors, PGIM vice president, head of thematic research Shehriyar Antia told Financial Standard. "Until recently, private markets ...