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Showing 6891 - 6900 of 15794 results for "TER"

Cbus replaces two board members

KARREN VERGARA  |  FRIDAY, 3 NOV 2017
Industry super fund Cbus appointed two members to its board to help it through its transformation phase. John Edwards and Denita Wawn will join the $40 billion super fund, replacing John Dawkins and Wilhelm Harnisch respectively, who each have completed ...

More clarity needed on NAB redundancies

JAMIE WILLIAMSON  |  FRIDAY, 3 NOV 2017
The Financial Sector Union of Australia is concerned with NAB's lack of detail provided around plans to cut almost 20% of its staff by 2020. The FSU responded to the news of planned job cuts by demanding urgent talks with NAB chief executive Andrew ...

Charter Hall launches fund, backs consumer spending

DARREN SNYDER  |  THURSDAY, 2 NOV 2017
Property fund manager Charter Hall is betting on Australians to maintain their spending patterns with the launch of a direct, multi-sector fund targeted at precincts tied to consumer staples. The Charter Hall Direct Diversified Consumer Staples Fund ...

Students to manage university fund

DARREN SNYDER  |  THURSDAY, 2 NOV 2017
Top third-year Bachelor of Commerce students at Griffith University will actively manage a $250,000 investment fund with the purpose of generating returns to fund future student scholarships. Launched earlier this week, the Student Investment Fund will ...

ASIC reviews RG97 impact

KARREN VERGARA  |  THURSDAY, 2 NOV 2017
ASIC announced it will conduct an external review on the effects of the Regulatory Guide 97 fee disclosure reforms, and will again extend its previous September 30 compliance deadline. ASIC said the move was in response to the industry's outcry around ...

Melbourne boutique shutters under passive pressure

JAMIE WILLIAMSON  |  THURSDAY, 2 NOV 2017
The rise of passive investment and superannuation fund internalisation has led to a Melbourne-based Australian equities boutique terminating its only fund. In a letter to unitholders, Concise Asset Management said it has reluctantly decided to wind ...

Cyber-security fears strike industry: Research

KARREN VERGARA  |  THURSDAY, 2 NOV 2017
Cyber-security has emerged as a major concern for finance, insurance and superannuation firms in the last six months, latest research from technology provider TAS suggests. About half (46%) of executives canvassed in the second edition of the Compliance ...

Capital Group takes aim at the fund size myth

ALEX BURKE  |  THURSDAY, 2 NOV 2017
The notion that asset managers can't deliver outperformance past a certain capacity threshold needs to be put to bed, according to Capital Group head of Australia Paul Hennessy. Speaking at a media event in Sydney, Hennessy noted that Australian investors ...

AllianceBernstein slashes retail fees

ALEX BURKE  |  WEDNESDAY, 1 NOV 2017
AllianceBernstein (AB) will cut management fees for two of its retail funds. The management fee for the AB Dynamic Global Fixed Income Fund has been reduced from 0.70% per annum to 0.55%, while the fee for the AB Global Equity Fund has been cut from ...

NZ Super Fund to invest $90m in life insurer

ALEX BURKE  |  WEDNESDAY, 1 NOV 2017
The New Zealand Superannuation Fund is proposing to invest NZ$100 million ($90 million) in a large life insurance provider, taking a 41.1% stake in the company. Fidelity Life is New Zealand's largest Kiwi-owned life insurer. Subject to shareholder approvals ...