Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 631 - 640 of 3242 results for "Employee"

QSuper merger update, fee cuts

ELIZABETH MCARTHUR  |  TUESDAY, 11 JAN 2022
QSuper has assured members they will shortly feel the benefits of scale in the form of fee cuts, after it merges with Sunsuper to create Australian Retirement Trust. The $133 billion QSuper will merge with $90 billion Sunsuper on February 28. The QSuper ...

New head of ESG at American Century

ELIZABETH MCARTHUR  |  TUESDAY, 11 JAN 2022
The $250 billion global investment manager American Century Investments has appointed a new head of ESG and sustainable investing. Sarah Bratton Hughes joined the firm on January 3, and will also lead the ESG and investment stewardship team at American ...

One million visits to YourSuper comparison tool

ELIZABETH MCARTHUR  |  FRIDAY, 7 JAN 2022
... products assessed by APRA, 13 of them failed the test (as announced in August 2021). These products were AMG MySuper, ASGARD Employee MySuper, Australian Catholic Superannuation and Retirement Fund's LifeTime One, AvSuper Growth, BOC MySuper, Christian ...

AMP divests infrastructure debt platform

ELIZABETH MCARTHUR  |  TUESDAY, 4 JAN 2022
AMP's private markets business, PrivateMarketsCo, has agreed to sell its infrastructure debt platform to Ares for $428 million. The agreement follows a strategic move from PrivateMarketsCo to focus on managing equity investments in real estate and infrastructure ...

Link agrees to $3bn takeover

KARREN VERGARA  |  THURSDAY, 23 DEC 2021
A North American software provider is set to acquire Link Group for $2.9 billion, ousting private equity firm Carlyle Group in the bidding process. Dye & Durham is willing to pay $5.50 for every Link share in exchange for acquiring 100% of the ASX-listed ...

Morningstar to buy Praemium for $65m

CHLOE WALKER  |  WEDNESDAY, 22 DEC 2021
Praemium has agreed to sell its international business to Morningstar for £35 million (A$65.1 million). The international business includes Praemium's operations in the United Kingdom, Jersey, Hong Kong, and Dubai. The sale of its business will allow ...

Future Super acquires Aon's super business

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 DEC 2021
Environmentally friendly super fund Future Super has acquired Aon's superannuation business, best known for its smartMonday brand. The fund acquired Aon Solutions, which provides investment consulting and administration and encompasses the smartMonday ...

Shoddy exam feedback fuels adviser stress

KARREN VERGARA  |  WEDNESDAY, 22 DEC 2021
Financial advisers who failed the mandatory examination multiple times are slamming FASEA's feedback process, claiming it is inconsistent and fails to help them stay in the industry. As the failure rate continues to balloon, advisers making genuine ...

Charter Hall acquires 50% of Paradice

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 DEC 2021
Property giant Charter Hall has entered into a binding agreement to acquire 50% of Paradice Investment Management. The 50% stake was worth $207 million to Charter Hall, with Paradice shareholders to receive 70% of that in Charter Hall shares and 30% ...

Disqualified adviser convicted of managing company

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
... until 2 December 2037, set up and ran Driven by Results, a chauffeur business, as the sole director, shareholder, and employee. ASIC alleges she operated between 5 August 2019 and 9 February 2021, opening three bank accounts held in the name of Driven ...