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Showing 51 - 60 of 100+ results for Alex Burke

Keybridge outraged at latest Molopo transaction

ALEX BURKE  |  MONDAY, 14 MAY 2018
Keybridge Capital said its "concerns have now turned to outrage" as Molopo Energy, in which it has a 20% ownership stake, revealed another US$23 million transaction in an asset the manager considers worthless. This transaction with Drawbridge Energy ...

Blue Sky director resigns

ALEX BURKE  |  MONDAY, 14 MAY 2018
... directors other than interim managing director Kim Morison will also be replaced. This includes chief investment officer Alex McNab, who retires effective immediately. The restructure of the business will involve reviewing all business units to ensure ...

Budget measures to drive up super costs

ALEX BURKE  |  MONDAY, 14 MAY 2018
The removal of exit fees and caps on passive fees charged by superannuation funds announced in this year's Budget may have unintended consequences. As per Treasurer Scott Morrison's speech, the Government will introduce a 3% annual cap on passive fees ...

Australian Ethical divests AMP

ALEX BURKE  |  THURSDAY, 10 MAY 2018
Australian Ethical will divest AMP following the governance failures exposed by the Royal Commission. Speaking to Financial Standard, Australian Ethical head of ethics research Stuart Palmer said while AMP passed its ethical screening in 2016, and the ...

Pendal sees 70% boost in performance fees

ALEX BURKE  |  THURSDAY, 10 MAY 2018
Pendal Group, formerly BT Investment Management, heralded a 70% boost in performance fee revenue in the six months to March 31. This represents $47.6 million in performance fees, along with an 18% boost in base management fee revenue to $247.9 million ...

Link Group loses $15bn industry fund mandate

ALEX BURKE  |  THURSDAY, 10 MAY 2018
As part of its discussions about how the Budget's superannuation reforms will affect business, Link Group said its contract with a $15 billion industry fund will not be renewed. The mandate with CareSuper represents about 1% of Link Group's pro-forma ...

Retirement income rules boost annuities: Challenger

ALEX BURKE  |  WEDNESDAY, 9 MAY 2018
Challenger said the new requirement for superannuation trustees to include comprehensive income products for retirement (CIPRs) will boost outcomes for retirees in blended annuity portfolios. As per the changes in the Budget, the new means test rules ...

Application fees increase for tax advisers

ALEX BURKE  |  TUESDAY, 8 MAY 2018
Increased funding for the Tax Practitioners Board will be offset by an increase in application fees for tax practitioners, including financial advisers. The Government said it would provide $20.1 million over four years from 2018-19 so as to assist ...

Royal Commission sees increased ASIC, APRA funding

ALEX BURKE  |  TUESDAY, 8 MAY 2018
Both ASIC and APRA will receive additional payments from the Government in light of the financial services Royal Commission. ASIC will receive $10.6 million over two years from 2017-18 and APRA will receive $2.7 million in 2018-19. The Government said ...

Government to ban default life insurance in super

ALEX BURKE  |  TUESDAY, 8 MAY 2018
The Federal Government will mandate that superannuation funds no longer have opt-out life insurance arrangements for members under 25 and those with low balances. Budget papers said this was being done as a means of "protecting Australians' retirement ...