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Showing 6581 - 6590 of 21771 results for "Dec"

Rio Tinto decision exposes limits of super engagement

ELIZABETH MCARTHUR  |  TUESDAY, 7 JUL 2020
A controversial promotion at mining giant Rio Tinto has demonstrated how even the biggest of super funds hold very little sway when it comes to engaging with companies they invest in. Peter Toth, formerly chief executive of OM Holdings, was promoted ...

AMP closes ethical option to super members

ELIZABETH MCARTHUR  |  MONDAY, 6 JUL 2020
AMP has taken the AMP Capital Ethical Leaders Balanced fund off its investment menus for superannuation members. AMP super members in CustomSuper, Flexible Lifetime, AMP Flexible Super, SignatureSuper, SignatureSuper Select, SuperLeader and the Woolworths ...

Chief economist update: Victoria's secret

BENJAMIN ONG  |  MONDAY, 6 JUL 2020
In Fist of Fury, it is a sign stating "No dogs or Chinese" that draws the ire of the legendary Bruce Lee. But Australians are not seeing Victorians punching, kicking and screaming when the nation's five states and two territories put up the "No ...

Pension fund suffers $235bn loss

JAMIE WILLIAMSON  |  MONDAY, 6 JUL 2020
The world's largest pension fund posted a record quarterly loss and a negative return of more than 10% to March end, it has reported. Japan's Government Pension Investment Fund lost 17.71 trillion yen, or $237 billion, in the three months to ...

Land tax, not stamp duty: Report

JAMIE WILLIAMSON  |  FRIDAY, 3 JUL 2020
A draft report into reforming GST and reducing inefficient taxes has reignited calls for the scrapping of stamp duty when buying or selling a home, to be replaced by a broad-based land tax. The NSW Review of Federal Financial Relations draft report ...

Pension fund in divestment hoax

JAMIE WILLIAMSON  |  FRIDAY, 3 JUL 2020
Global climate change activist group Extinction Rebellion has come under fire after it posed as Sweden's largest pension fund and claimed it was divesting from all companies with operations in fossil fuels. On June 29 a website purporting to be that ...

QSuper culls comprehensive advice

KANIKA SOOD  |  FRIDAY, 3 JUL 2020
The $110 billion industry fund will stop offering comprehensive advice to new customers on July 6 and cut over 50 positions, as it sees demand for holistic advice fall. QSuper chief executive Michael Pennisi said the decision is based on several years ...

Colonial First State cops licence conditions

JAMIE WILLIAMSON  |  THURSDAY, 2 JUL 2020
APRA has imposed licence conditions on Colonial First State Investments Limited to ensure super members' best interests are met, effective immediately. The regulator's decision follows an investigation into matters referred to it by the Royal ...

Mandates from superannuation funds slow

KANIKA SOOD  |  THURSDAY, 2 JUL 2020
Superannuation fund awarded only 30 mandates in the three months to March totaling $2.5 billion, down significantly from the December quarter's 63 totaling $8.6 billion, new data from Rainmaker Information shows. International equities strategies ...

COVID-19 stimulus continues

ELIZABETH MCARTHUR  |  THURSDAY, 2 JUL 2020
As the new financial year began, Treasurer Josh Frydenberg clarified the stimulus measures the government will use to assist Australians in the recovery from the COVID-19 pandemic. Tax relief for low and middle income earners came into effect from 1 ...