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Showing 6921 - 6930 of 19591 results for "RIS"

PractiFI opens US office

KARREN VERGARA  |  WEDNESDAY, 22 AUG 2018
A fintech which delivers business administration services to the financial advice, superannuation and insurance industries has received funding to launch in the US. PractiFI received a $3 million injection from a joint venture between Microequities ...

Equip grows to meet demand

HARRISON WORLEY  |  WEDNESDAY, 22 AUG 2018
The $15 billion industry superannuation fund appointed a senior corporate growth manager in anticipation of growth. Charlie Yanni links with Equip from LUCRF Super, and previously held business development roles with Rest and ME Bank. According to Equip ...

Discriminatory bank regulation hits super savings

JAMIE WILLIAMSON  |  WEDNESDAY, 22 AUG 2018
The interest rate paid by banks on short-term deposits in superannuation fund accounts is significantly lower than similar deposits made by SMSFs, and new research estimates as much as $1 billion is being lost in potential retirement savings. According ...

Foreign owners take over life insurance: KPMG

KARREN VERGARA  |  TUESDAY, 21 AUG 2018
Foreign companies continue to gain the lion's share of Australia's life insurance industry, with the recent sale of CommInsure and OnePath set to boost foreign ownership from less than half to 66%, KPMG research shows. According to the Life ...

Super funds cop governance grilling

HARRISON WORLEY  |  TUESDAY, 21 AUG 2018
Governance experts have weighed in on the repercussions for superannuation fund executives and trustees after an unyielding fortnight of appearances at the financial services Royal Commission. Governance Institute of Australia chief executive Steven ...

VC firm launches new credit fund

HARRISON WORLEY  |  TUESDAY, 21 AUG 2018
A $330 million Australian venture capital firm partnered with an Israeli venture lender to launch a $100 million dedicated credit fund. OneVentures has partnered with Viola Credit - a subsidiary of $3 billion Israeli technology investment group, Viola ...

Chief economist update: A new currency is born

BENJAMIN ONG  |  TUESDAY, 21 AUG 2018
Want a massive pay rise? An immediate 3464% (no typos there, it's a three thousand four hundred and sixty four percent) bump up in your wages? Pack your bags and move to Venezuela! You'll have to thank Venezuelan President Nicolas Maduro for ...

JPMorgan fund excludes tobacco, cuts fees

DARREN SNYDER  |  TUESDAY, 21 AUG 2018
J.P. Morgan Asset Management's flagship multi-asset strategy in Australia now excludes tobacco stocks. It also cut its administration fee by five basis points and recently converted to a trust structure. The Australian-domiciled version of the JPMorgan ...

LIT serves up junk bonds to SMSFs

KANIKA SOOD  |  MONDAY, 20 AUG 2018
A new listed investment trust is offering SMSF investors an opportunity to invest in high-yield bonds, with an annual net distribution north of 5%. The Neuberger Berman Global Corporate Income Trust will hold about 300 high-yield securities, with the ...

Finance sector in top three for giving: Report

HARRISON WORLEY  |  MONDAY, 20 AUG 2018
An inaugural report shining a light on Australia's most philanthropic corporations shows 39 companies collectively invested $867 million in community causes in the 2016/17 financial year, with the finance sector highlighted for its contribution. The ...