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Showing 7061 - 7070 of 22798 results for "Funds"

WTW launches first Australian-domiciled fund, names RE

ELIZA BAVIN  |  MONDAY, 4 NOV 2019
... ideas from the world's top global equity managers." WTW said it is fielding wide expressions of interest from super funds, insurance companies, charities, endowments, family offices and private wealth clients having already raised $150 million. Perpetual ...

ASIC, MLC Nominees and NULIS in court

ELIZABETH MCARTHUR  |  MONDAY, 4 NOV 2019
... to financial detriment as well as eroding consumer trust and confidence in the efficient administration of superannuation funds to the detriment of the wider industry." The Federal Court set a timetable to advance proceedings in the case at the start ...

Platform hints at aggressive expansion

ELIZABETH MCARTHUR  |  FRIDAY, 1 NOV 2019
... including adding more sub-plans to its superannuation offering. Xplore's quarterly results for September reported group funds under administration were up 4.2% to $14.987 billion. Don Sharp, who was acting chief executive prior to Wright taking the ...

Super investment menus not what they seem: Rice Warner

ELIZABETH MCARTHUR  |  FRIDAY, 1 NOV 2019
... passed in April 2019 new requirements for product design and disclosure have come into effect. These requirements mean super funds have to ensure products are targeted and provided only to customers for whom the product is appropriate and designed for. ...

Cbus chief opposes default longevity requirements for CIPRs

KANIKA SOOD  |  FRIDAY, 1 NOV 2019
David Atkin says mandating all default retirement income products to manage longevity risk could hamper funds' ability to tailor solutions to their member needs. Speaking at a retirement income conference in Melbourne yesterday, Atkin said Cbus is currently ...

Macquarie wealth fees income down 14%

KANIKA SOOD  |  FRIDAY, 1 NOV 2019
... half, swelling 32% from $850 million in the same period last year. This was led by higher performance fee from MIRA-managed funds and co-investors, and increased base fees primarily driven by foreign exchange movements and investments made by MIRA-managed ...

Chief economist update: Fed pause could be a short one

BENJAMIN ONG  |  FRIDAY, 1 NOV 2019
... Jerome Powell wouldn't be too happy with this new development. In his press conference - after the FOMC cut the fed funds rate a third time in as many meetings to 1.5%-1.75% -- Powell shared his optimism over the outlook for the economy - "It's ...

Hostplus, Club Super finalise merger

JAMIE WILLIAMSON  |  FRIDAY, 1 NOV 2019
... officially merged as of today. The merger, which was announced in July, sees Hostplus add $600 million to its $45 billion funds under management and a further 22,000 members. Club Super accounts will be transferred to Hostplus by November 14, at which ...

Industry fund offers bonus on income streams

KANIKA SOOD  |  THURSDAY, 31 OCT 2019
... incentive to nudge members towards income streams makes sense from a commercial perspective. "Attrition rates out of super funds when members retire is a serious issue. Many super funds are hiring dedicated "retention" product managers to try and keep ...

Ex-Janus Henderson portfolio manager opens new boutique

ELIZABETH MCARTHUR  |  THURSDAY, 31 OCT 2019
... up a new boutique asset management business in partnership with Bennelong's UK arm. BennBridge (the UK arm of Bennelong Funds Management) is launching the new boutique, called Skerryvore Asset Management. The boutique will be based in BennBridge's office ...