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Showing 6821 - 6830 of 28267 results for "NOT"

Link rejects revised offer

KARREN VERGARA  |  THURSDAY, 29 OCT 2020
... 26. After careful consideration, Link rejected the offer two days later. "The board considers that the revised proposal does not represent compelling value for Link Group shareholders on a control basis and further work is required to determine the viability ...

New super benchmarking flawed: Rice Warner

ELIZA BAVIN  |  THURSDAY, 29 OCT 2020
... underperforming funds and products either need to be improved or removed from the system, the proposed new means of measuring are not the ideal way to weed them out. "The PC report focused on underperformance and made no comment on the extraordinary ...

ANZ sees profits plummet, plans to exit thermal coal

ANNABELLE DICKSON  |  THURSDAY, 29 OCT 2020
... bank has plans to engage with existing customers who have 50% thermal coal exposure to support diversification plans and if not in place, will expected strategies by 2025. Climate group Market Forces said the updated policy means no major Australian ...

Frontier Advisors eyes international clients

KANIKA SOOD  |  WEDNESDAY, 28 OCT 2020
... easier to work with local emerging institutional clients. Frontier Advisors is the second-largest asset consultant in the not-for-profit superannuation funds. And it wants to diversify its clientele, as more superannuation funds merge, build in-house ...

Magellan's largest client asked to review costs

KANIKA SOOD  |  WEDNESDAY, 28 OCT 2020
... performance and costs of external managers used by SJP," Credit Suisse said in a note. "With MFG's strong fund performance we do not view outflows from SJP as a key risk, however, any disruption to SJP could see the rate of growth slow marginally ...

ASIC's Chester spills Crennan truth

ANNABELLE DICKSON  |  WEDNESDAY, 28 OCT 2020
... statement was "very carefully drafted". "It says that is when he was told of external advice about ANAO's present position. It's not relating to the prior year's concerns related to the rental payment," she said. Labor Senator Jenny McAllister asked ...

ASFA proposes MySuper test

KARREN VERGARA  |  WEDNESDAY, 28 OCT 2020
... Future, Your Super reforms on budget night. Among the criteria, super funds that fail the annual APRA-administered test twice not be allowed to receive any new members until they improve their performance. "The inefficient design of default arrangements ...

ANZ flags earnings hit

ANNABELLE DICKSON  |  WEDNESDAY, 28 OCT 2020
ANZ has announced a $528 million impact on its cash profit as a result of remediation costs, accelerated software costs and goodwill write off. Following a product review across ANZ, remediation charges have been increased $97 million from the first ...

Financial crime victims fume at Shipton, Crennan

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 OCT 2020
... English Channel) that a Guernsey citizen should be questioned in relation to managing one of the Trio Capital funds. Shipton did not reply. "VOFF is angry because while Mr Shipton didn't take five minutes to help 1000 Australians who are victims of the ...

Crackdown on SAN misuse continues

ELIZA BAVIN  |  WEDNESDAY, 28 OCT 2020
... the agent had made false and misleading statements in various annual returns, indicating an audit had been done when it had not. The ATO said the agent's behaviour was uncovered after an auditor reviewed their client lists from multiple years and ...