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Showing 641 - 650 of 4834 results for "EAC"

Russell Investments reports super returns up to 13.5%

ANDREW MCKEAN  |  FRIDAY, 28 JUL 2023
Russell Investments GoalTracker, the MySuper default option for iQ Super, Nationwide Super and Resource Super members, has posted returns up to 13.5%. The GoalTracker investment option delivered a 13.5% return for members aged 50 and under, attributed ...

Perpetual reports $212bn in AUM

ANDREW MCKEAN  |  THURSDAY, 27 JUL 2023
In a Q4 2023 business update, Perpetual reported assets under management (AUM) of $212.1 billion, a 0.8% increase on the prior quarter. Perpetual credited positive markets and strong investment performance for contributing to an uplift of $4.5 billion ...

BlackRock to enter Indian asset management industry

CHLOE WALKER  |  THURSDAY, 27 JUL 2023
BlackRock and Jio Financial Services (JFS) have established a 50:50 joint venture to enter India's asset management industry, pursuing a digital-first strategy. The venture, dubbed Jio BlackRock, is set to combine BlackRock's scale and investment expertise ...

ASIC acts against illegal investment scheme operator

JAMIE WILLIAMSON  |  WEDNESDAY, 26 JUL 2023
ASIC is suing the operator of several unregistered managed investment schemes that, among other investors, targeted SMSF members. Sasha Hopkins, director of The A Team Property Group, is facing civil action for alleged unlicensed conduct and running ...

Tax miners, major corporates to tackle housing shortage: CFMEU

JAMIE WILLIAMSON  |  TUESDAY, 25 JUL 2023
The Construction, Forestry, Maritime, Mining and Energy Union (CFMEU) is calling for the introduction of a $28 billion annual super profits tax to close the gap in social and affordable housing. The CFMEU commissioned Oxford Independent Economics to ...

ASIC continues to reprimand SMSF auditors

CHLOE WALKER  |  MONDAY, 24 JUL 2023
ASIC has cracked down on eight self-managed superannuation fund (SMSF) auditors for breaches of their obligations. Specifically, the regulator has disqualified five SMSF auditors and imposed additional conditions on three SMSF auditors for failing to ...

GAM investors make partial offer

JAMIE WILLIAMSON  |  THURSDAY, 20 JUL 2023
The investor group in opposition of Liontrust Asset Management's acquisition of GAM Investments is attempting to acquire 17.5% of the latter. In May, Liontrust offered to acquire GAM Investments. Almost immediately the deal was criticised by shareholders ...

Westpac closes Specialist Businesses Division

JAMIE WILLIAMSON  |  THURSDAY, 20 JUL 2023
Westpac has decided to fold the Specialist Businesses Division that once housed its platforms, superannuation and insurance businesses, redeploying its lead Jason Yetton. The bank has restructured in support of its next strategic phase, chief executive ...

KPMG recommends gender-focused super reforms

ANDREW MCKEAN  |  MONDAY, 17 JUL 2023
KPMG has proposed superannuation reforms targeted at home carers and recipients of paid parental leave to help close the gender gap. The KPMG Towards Gender Equity in Retirement report recommended the government consider adding superannuation contributions ...

HNW wealth transfer still on the to-do list

CHLOE WALKER  |  SATURDAY, 15 JUL 2023
Developing a wealth transfer plan remains on the to-do list for Australia's wealthiest, according to LGT Crestone's latest State of Wealth report. The report, now in its fourth year, uncovered nearly two thirds of Australian high-net-worth (HNW) ...