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Showing 631 - 640 of 5269 results for "Life 439"

Platforms FUM falls $20bn: Report

CHLOE WALKER  |  WEDNESDAY, 12 JUL 2023
In the year to March end, total funds under management (FUM) held by platforms, wraps and master trusts dropped by $19.5 billion, according to Plan For Life. Specifically, platforms saw a 1.9% decline from over $1 trillion to $982.5 billion, and year ...

Federated Hermes secures $486m for private equity fund

ANDREW MCKEAN  |  WEDNESDAY, 12 JUL 2023
Federated Hermes has closed its fifth private equity co-investment fund (PEC V), exceeding its initial fundraising target by a substantial margin. The fund, which was launched in December 2021 with a target of $400 million, closed last month with a ...

Young people 'locked out' of superannuation: ISA

ANDREW MCKEAN  |  TUESDAY, 11 JUL 2023
Industry Super Australia (ISA) is calling for a "discriminatory legal relic" that denies Australian adolescents from receiving superannuation contributions to be overturned. ISA said about 375,000 young workers aren't entitled to compulsory super contributions ...

RBA deputy governor joins Westpac

CASSANDRA BALDINI  |  MONDAY, 10 JUL 2023
Luci Ellis will join Westpac as its new chief economist after almost 15 years with the Reserve Bank of Australia (RBA), succeeding the long-serving Bill Evans. Ellis will join the bank in October while Evans will stay with the group and transition into ...

abrdn's Jollie outlines next steps

ELIZABETH FRY  |  FRIDAY, 7 JUL 2023
Having overhauled the global investment manager's local business, Brett Jollie has finally confirmed his departure calling it a planned exit. "It is something I've been working towards since last December when we announced the restructure of ...

Life, funeral insurers cop $14m fine

KARREN VERGARA  |  WEDNESDAY, 5 JUL 2023
The disgraced director of Select AFSL, the company the Hayne Royal Commission exposed for hawking life and funeral insurance to vulnerable customers, has been banned from managing a company for five years, while his companies were fined $13.5 million. ...

Apostle links with venture capital firm

KARREN VERGARA  |  MONDAY, 3 JUL 2023
The $5 billion ethical fund manager has joined forces with a US venture capital firm that will expose sophisticated local investors to disruptive technology startups. Apostle Funds Management has partnered with Massachusetts-based Safar Partners, which ...

Nuveen, Commonwealth Private partner to launch REIT

CASSANDRA BALDINI  |  FRIDAY, 30 JUN 2023
The Nuveen Global Cities Real Estate Fund is the asset managers' first locally domiciled unit trust for Australian private wealth clients. The new vehicle serves as an Australian-domiciled feeder into Nuveen's listed global cities real estate ...

Adviser levy tripled, labelled "deeply unfair"

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
The estimated ASIC levy for this financial year will see financial advisers slugged $3217, as the levy freeze comes to an end. Under the estimated levies released yesterday, the levy to be paid per adviser has almost tripled from the $1142 that it was ...

More pension funds, insurers impacted by MOVEit mass-hack

JAMIE WILLIAMSON  |  TUESDAY, 27 JUN 2023
Among other companies to confirm their involvement, a second US pension fund has notified members their personal information was stolen in the same breach impacting members of CalPERS. The California State Teachers Retirement System (CalSTRS) told members ...