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Showing 7071 - 7080 of 22796 results for "Funds"

ASIC puts trustees on notice

ELIZA BAVIN  |  THURSDAY, 31 OCT 2019
... communication to fund members about Putting Members' Interests First (PMIF) reforms, hinting it may take action against funds if necessary. In a letter the regulator said the reforms provide members with a decision point in relation to their superannuation ...

Extension for super fund portfolio disclosures

ELIZA BAVIN  |  WEDNESDAY, 30 OCT 2019
... publish information about their fund's portfolio holdings on the fund's website. "ASIC supports greater transparency about funds' portfolio holdings and encourages superannuation trustees to focus on designing website disclosure about holdings that is ...

US manager eyes Aussie retirement income

KANIKA SOOD  |  WEDNESDAY, 30 OCT 2019
... Melbourne-based Terrain Placement as its advisor. The goal was to market its fixed income and equities strategies to superannuation funds and wholesale investors. To this end, it has just won a mandate in a multi-manager portfolio, Terrain says. But ...

AustralianSuper adds former PwC partner to board

KANIKA SOOD  |  WEDNESDAY, 30 OCT 2019
... last month. Claire Keating has over 25 years of experience as a chartered accountant, specialising in superannuation and funds management. She held a number of management roles at PricewaterhouseCoopers, including leading its financial services assurance ...

Inflation the forgotten risk to retiree portfolios

HARRISON WORLEY  |  WEDNESDAY, 30 OCT 2019
... have saved 20% of their wealth. Beesley said he hoped the crowd was seeing his case that the way standard passive index funds are held - without protection and with nominal bonds - don't work for retirees like they do for those in the accumulation ...

Consumers trust super funds about as much as banks

ELIZABETH MCARTHUR  |  WEDNESDAY, 30 OCT 2019
... retirement income review may produce more again." Clancy said it should be a concern to the industry that trust in super funds is at a similar level to trust in the big banks. "It's both a worry and a wakeup call to the industry that only six in 10 Australians ...

Frozen fund pays investors

KANIKA SOOD  |  TUESDAY, 29 OCT 2019
... advisers and by February 2008 it had amassed assets worth $700 million. It invested its pool of money in debt assets, extending funds to borrowers under the security of first registered mortgages. When the GFC hit, the borrowers started defaulting on ...

Trustee firm launches admin platform

JAMIE WILLIAMSON  |  TUESDAY, 29 OCT 2019
... shifting investor demands and market opportunities, the Australian fund market has evolved beyond large, pooled asset, vanilla funds," he said. "Sophisticated and high net worth investors, for example, are driving capital solutions in alternative assets ...

ASIC wins appeal against Westpac companies

KANIKA SOOD  |  MONDAY, 28 OCT 2019
... while Westpac-related companies' cross-appeal will be dismissed. "Westpac's attempts to have customers transfer funds from their external accounts with other superannuation funds into their BT accounts were carefully calculated to bring about ...

Powerwrap appoints director

HARRISON WORLEY  |  MONDAY, 28 OCT 2019
... year the firm posted a strong first result as a listed company, with revenues outstripping its prospectus forecast, and funds under administration around $600 million better than the prospectus expectations. Powerwrap chief executive Will Davidson said ...