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Showing 6861 - 6870 of 28267 results for "NOT"

Future Fund asked to table detailed fee spend

KANIKA SOOD  |  WEDNESDAY, 21 OCT 2020
... wealth fund uses 'total portfolio approach' meaning it only publishes returns and fees for the total portfolio. It does not report how each asset class performed and the fees spent on them. This means it is hard to see how good the Future Fund ...

Aware Super shakes up SRI option

ELIZABETH MCARTHUR  |  WEDNESDAY, 21 OCT 2020
... providing members with updated SRI options that exclude fossil fuels and their supply chain services and businesses that do not meet strongly defined ESG criteria." The diversified SRI option will have exposure to all Aware's investment sectors including ...

Future Fund posts modest growth

ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2020
Australia's sovereign wealth fund grew 1.1% in the September quarter to $163 billion, but is down 1.8% year on year due to the impact of COVID-19 in the March quarter. Future Fund chair Peter Costello said the fund exists to strengthen the Commonwealth's ...

Super needs improvement: Report card

KARREN VERGARA  |  WEDNESDAY, 21 OCT 2020
... had dropped by more than 20% to access up to $20,000. India allowed partial withdrawals for COVID-19 treatment, which did not exceed three months of wages and allowances. Peruvians were permitted to withdraw up to 25% of their savings accounts, with ...

Cost of advice soars as red tape grows

ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2020
... are to reduce the regulatory burden and create a profession that caters to the financial advice needs of all Australians, not just the wealthy," De Gori said. "The single disciplinary body should set a single minimum entry requirement (education, experience ...

Societe Generale fined over client breaches

ANNABELLE DICKSON  |  WEDNESDAY, 21 OCT 2020
... ASIC. The bank breached s993B(1) of the Corporations Act (the Act) on two separate occasions by receiving client money and not depositing it into an authorised deposit-taking institution or an approved foreign bank. The first count took place between ...

ClearView seeks to raise at least $40m

ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2020
ClearView Wealth has announced the launch of a new subordinated notes issue to wholesale investors seeking to raise between $40-75 million. Clearview Wealth said the proceeds of the raise will be used for general corporate and capital management purposes. ...

Magellan chief backs health startup

KANIKA SOOD  |  TUESDAY, 20 OCT 2020
... money, Magellan's chief executive Brett Cairns likes to go back to his roots in science. Cairns was paid $1.5 million in FY20, not including variable remuneration of $772,500, which he was eligible for but waived. At July 28, he owned 1.1 million shares ...

Sam Henderson sentenced

ELIZABETH MCARTHUR  |  TUESDAY, 20 OCT 2020
... executive, director and senior financial adviser of Henderson Maxwell by claiming that he had a Master of Commerce when he did not. The regulator found 115 PowerPoint presentations he gave to clients between 2010 and 2016 which it allegedly contained ...

Invesco winds down fund

KANIKA SOOD  |  TUESDAY, 20 OCT 2020
Invesco is winding down a listed property fund for wholesale investors as it fails to achieve scale. The Invesco Wholesale Global Property Securities Fund - Hedged had $62 million in assets at September end via two share classes, started in 2001 and ...