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Showing 611 - 620 of 1322 results for "Stage 1"

Industry fund invests $100 million in renewable energy

KANIKA SOOD  |  WEDNESDAY, 11 APR 2018
One of Australia's largest superannuation funds acquired a $100 million stake in a renewable energy portfolio as part of a co-investment with a Dutch fund. Cbus and the Dutch Infrastructure Fund will hold 80.1% of the investment portfolio known as Bright ...

FASEA announces leadership transition

DARREN SNYDER  |  TUESDAY, 10 APR 2018
Financial Adviser Standards and Ethics Authority (FASEA) chief executive Deen Sanders is stepping down after about seven months in the role. An announcement on FASEA's website today said Sanders will continue his long-standing career in professional ...

FIIG Securities goes global, appoints chief executive

JAMIE WILLIAMSON  |  THURSDAY, 5 APR 2018
Fixed income specialist FIIG Securities established its first offshore subsidiary in Europe, promoting a senior executive to lead the new business. Based in Malta, FIIG International provides the FIIG Group with an ability to operate in all 28 member ...

IRESS acquires digital advice compliance business

ALEX BURKE  |  WEDNESDAY, 4 APR 2018
IRESS will acquire a regtech and data analytics provider after making a minority investment in the business last year. Lucsan provides financial advisers with comprehensive compliance coverage including daily oversight, targeted adviser auditing, best ...

Industry fund launches lifecycle default option

KARREN VERGARA  |  TUESDAY, 3 APR 2018
A $7 billion industry superannuation fund is launching a default option that will automatically adjust with members' age. The Australian Catholic Superannuation and Retirement Fund's LifetimeOne option, to be launched in May, aims to give members better ...

Major super funds urge asset manager code adoption

KARREN VERGARA  |  THURSDAY, 15 MAR 2018
Six leading superannuation funds have signed an open letter by the CFA Institute asking asset manager to adhere to a code of conduct in an effort to protect the interest of members. Australian Ethical, AustralianSuper, First State Super, Kinetic Super ...

No room for complacency: Rowell

KANIKA SOOD  |  MONDAY, 12 MAR 2018
APRA will monitor trustees closely as to how they set, assess, and work towards performance goals for their superannuation fund in 2018. APRA deputy chair Helen Rowell said in Canberra recently that trustees will have to set strategic objectives, keep ...

Global Merces launches managed funds regtech

KARREN VERGARA  |  FRIDAY, 9 MAR 2018
Asset manager and funds services provider Global Merces has launched a regtech solution that slashes the managed funds application process to five minutes. FUND.ID, a straight through processing system, on-boards new clients using an electronic signature ...

More than half fail CFA exam

KARREN VERGARA  |  FRIDAY, 9 MAR 2018
Only two-in-five people working in the investment industry passed the first stage of the most recent Chartered Financial Analyst (CFA) examination. Of the 68,086 candidates who took the Level I exam in December last year, 57% failed to progress to the ...

FOS submission points finger at advisers

JAMIE WILLIAMSON  |  MONDAY, 5 MAR 2018
Financial advisers account for more than one-third of all serious misconduct issues identified by the Financial Ombudsman Service since early 2012. In a submission to the Royal Commission, FOS attributed 39% of serious misconduct identified in the last ...