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Showing 6531 - 6540 of 28267 results for "NOT"

Arowana winds up LIC

KARREN VERGARA  |  THURSDAY, 7 JAN 2021
... the global economic shocks of COVID-19 resulted in "disappointing" performance, together with a hedging strategy that did not pay off as markets unexpectedly rallied, the annual report showed. CVF made a $7.4 million net loss after making a profit of ...

Super funds back COVID-19 preventative drug

KARREN VERGARA  |  THURSDAY, 7 JAN 2021
... universities to fund medical research conducted by Melbourne-based Ena Respiratory. The superannuation funds' investment size was not disclosed by the company. Ena Respiratory has developed INNA-051, a nasal spray therapy that it says has been proven ...

WTW appoints Australia segment head

KANIKA SOOD  |  WEDNESDAY, 6 JAN 2021
... and acquisitions broker in Australia, New Zealand, and South Africa. WTW is the third-largest asset consultant by assets in not-for-profit superannuation funds as at 30 June 2020, according to Rainmaker.

Retiree strategies need greater attention: Research

ANNABELLE DICKSON  |  WEDNESDAY, 6 JAN 2021
... in retirement, and advisers will need to develop new approaches specifically designed for their needs." Fidelity noted that not one single investment strategy is likely to suit all clients therefore advisers must be adaptable and offer different solutions. ...

Northern Trust wins First Sentier mandate

KANIKA SOOD  |  WEDNESDAY, 6 JAN 2021
... previous ownership under CBA, First Sentier's central functions like legal, finance and compliance were a part of CBA and not directly CFSGAM. At the time of the rebrand, the company said it planned to have its own systems around legal, risk, HR ...

Prioritise underperformance over stapling: AIST

KARREN VERGARA  |  WEDNESDAY, 6 JAN 2021
... members in underperforming products should be protected by law. Closing underperforming products only to new members does not make sense as it risks "making outcomes worse for remaining members in those products". Furthermore, the new law ignores the ...

Ignition Advice chief exits

ELIZA BAVIN  |  WEDNESDAY, 6 JAN 2021
... two-and-a-half years. He has also held top positions at Capital Position Ventures and Genesys Wealth Advisers. Ignition has not yet announced any plans for Prasad's replacement. Prasad said he enjoyed working with Ignition and thanked its clients ...

Class action launched against OnePath

ELIZA BAVIN  |  TUESDAY, 5 JAN 2021
... lawyer Kirsten Morrison said: "Over several years, the trustee invested members' cash with parent company ANZ Bank. They did not shop around to get the best rate of return for super members." "Given how long this went on for, even small differences in ...

Super underperformance needs to be addressed: Research

ELIZA BAVIN  |  TUESDAY, 5 JAN 2021
... match asset class indexes. Rainmaker executive director of research and compliance Alex Dunnin said that while super funds are not entirely lacking, there is room for improvement. "Australian super funds as a group are good managers of Australian shares ...

SS&C withdraws Link offer

ELIZA BAVIN  |  MONDAY, 4 JAN 2021
... Link had previously said the updated proposal of $5.65 that had been on offer was being carefully considered but felt it did not offer a compelling value for the company. It said it was still providing SS&C with due diligence information, allowing it ...