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Showing 641 - 650 of 3425 results for "Update"

Hostplus, Statewide provide merger details

JAMIE WILLIAMSON  |  THURSDAY, 10 MAR 2022
... fund. The merger, which was originally slated for April 1, will now take place on April 29, Statewide Super said in an update to members. Following the combination, Hostplus will be home to 1.5 million members and $82.8 billion in retirement savings. ...

Funds need retirement income strategy by July

ELIZABETH MCARTHUR  |  TUESDAY, 8 MAR 2022
Writing to super fund trustees, ASIC and APRA have confirmed that under the Retirement Income Covenant funds will need a strategy in place by July 2022. Outlining the timeline for implementing the covenant, ASIC and APRA said by 1 July 2022 funds are ...

Super funds drop Russian assets

ELIZABETH MCARTHUR  |  FRIDAY, 4 MAR 2022
Australian superannuation funds are dropping Russian assets in response to its invasion of Ukraine amid escalating global sanctions against Russia. Yesterday Treasurer Josh Frydenberg and Senator Jane Hume released a joint statement requesting that ...

MSCI, FTSE Russell drop Russia from indexes

JAMIE WILLIAMSON  |  FRIDAY, 4 MAR 2022
... 'Unclassified' market. Russia will remain in all fixed income indices for now, FTSE Russell confirmed. In its most recent update in September 2021, FTSE Russell placed Russia on its watch list, considering reclassifying it from Secondary Emerging to ...

ASIC consults on FSCP sittings

KARREN VERGARA  |  TUESDAY, 1 MAR 2022
... Credit Panel should convene when addressing financial adviser misconduct. Under the newly released Consultation Paper 359 Update to RG 263 Financial Services and Credit Panel, the corporate regulator seeks comments on the financial impact, effect of ...

Magellan loses more investors, FUM slumps

KARREN VERGARA  |  MONDAY, 28 FEB 2022
... including foreign exchange and recent market volatility, net outflows and notifications to redeem since the most recent FUM update on February 11, Magellan said. Investors yanked out $3.2 billion in less than two weeks, of which $2.6 billion came from ...

Cbus, Media Super set merger date

JAMIE WILLIAMSON  |  WEDNESDAY, 23 FEB 2022
... will see their administration and investment fees increase slightly in return for a more comprehensive offering. In an update to members, Media Super said its merger with Cbus is progressing well and, if all goes to plan, will occur on 9 April 2022. ...

Crestone awards back-office, trade execution mandate

KARREN VERGARA  |  TUESDAY, 15 FEB 2022
... major investments in investment bank Barrenjoey, food chain Guzman y Gomez, as well as FinClear. A recent ASX investor update shows Magellan's funds under management sits at $87.1 billion, which factors in net outflows of $5.5 billion since the start ...

Magellan funds under review

ELIZABETH MCARTHUR  |  TUESDAY, 8 FEB 2022
After Magellan co-founder Hamish Douglass announced he would take extended medical leave, the company's share price dove and its fund ratings are under review. Morningstar said all of Magellan's global and high conviction funds are under review due ...

Caddick's cars head to auction

JAMIE WILLIAMSON  |  FRIDAY, 4 FEB 2022
... recovering potential tax refunds as part of the liquidation," Jones Partners principal Bruce Gleeson said. Offering a further update on the asset recovery efforts, Gleeson said work has been undertaken in recent months in relation to Caddick's properties ...