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Showing 51 - 60 of 219 results for "Constitution"

Report reveals superficiality of ESG pledges

ELIZABETH MCARTHUR  |  TUESDAY, 9 JUN 2020
A new report has revealed a number of superannuation funds, including AustralianSuper, voted down shareholder resolutions on climate change despite signing up to the Investor Group on Climate Change. The Australian Centre for Corporate Responsibility ...

Chief economist update: Japan reopens for business

BENJAMIN ONG  |  TUESDAY, 26 MAY 2020
It was a magnificent Monday, 25 May 2020, for Japan for on this day Prime Minister Shinzo Abe declared the country's state of emergency over. We salute you our Japanese brothers and sisters, for Japan has flattened its coronavirus curve despite ...

Chief economist update: Hong Kong is ours

BENJAMIN ONG  |  MONDAY, 25 MAY 2020
The COVID-19 pandemic was both a curse and a blessing (for lack of a better word) for China's Politburo. Social restrictions and lockdowns imposed by the powers-that-be to contain the virus sent the economy plunging 6.8% in the year to the March ...

US pension funds approach point of no return

JAMIE WILLIAMSON  |  THURSDAY, 21 MAY 2020
A new report ranking US public pension funds by their ability to pay future benefits suggests several will likely go insolvent as a result of COVID-19. The issues facing public pension funds in the US are widely known, and while it's not clear how ...

Colonial First State closes global fund

ALLY SELBY  |  FRIDAY, 1 MAY 2020
... State's Wholesale Strategic Cash option. "We've decided to terminate Acadian Diversified Alpha in accordance with the constitution on the basis that it is in the best interests of members having regard to recent market volatility including a depreciation ...

COVID-19 will bite into credit ratings

BENJAMIN ONG  |  MONDAY, 27 APR 2020
Nothing focuses the mind as the choice between life and death. This choice has been thrust onto Planet Earth's population by the coronavirus pandemic. So much so, that men, women and children of the world are giving up - willingly or grudgingly ...

QSuper board takes AFCA decision to court

KANIKA SOOD  |  THURSDAY, 16 APR 2020
... exercised by it under s 1055 of the Corporations Act 2001 (Cth) (CA) contravened Ch III of the Commonwealth of Australia Constitution Act 1901 (Cth) (the Constitution) by conferring the judicial power of the Commonwealth on a non-judicial body." "However ...

AMP Capital wholesale property fund rejigs withdrawals

KANIKA SOOD  |  TUESDAY, 14 APR 2020
... asset value for withdrawals every quarter. It has deferred its April 15 withdrawal date to May 15. The fund's constitution allows it to widen payment times beyond the 12-month processing time. "It's not considered in the best interests of all ...

Chief economist update: Credit ratings downgrades versus fiscal salvation

BENJAMIN ONG  |  THURSDAY, 9 APR 2020
... other countries is not possible because the government's powers to control the population are restricted by the constitution, which was effectively imposed on Japan by the United States after World War II." And, according to The Guardian: "...stems ...

Last stand for grandfathered commissions falls over

ELIZABETH MCARTHUR  |  THURSDAY, 30 JAN 2020
The Association of Independently Owned Financial Professionals has failed to raise the necessary funds to mount its High Court challenge to retain grandfathered commissions. The AIOFP has confirmed the High Court challenge to fight the banning of grandfathered ...