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Showing 691 - 700 of 3177 results for "ACTU"

Vanguard finds dirty assets in ESG fund

KANIKA SOOD  |  WEDNESDAY, 24 FEB 2021
Vanguard has changed the descriptions of an ethically conscious bond fund, after a review turned up holdings that investors were told were excluded. Vanguard Ethically Conscious Global Aggregate Bond Index invests in about 4500 fixed income instruments ...

Actuaries Institute names new president

KARREN VERGARA  |  WEDNESDAY, 24 FEB 2021
The Actuaries Institute has named a partner at KPMG as its new president. Jefferson Gibbs takes over from Hoa Bui, who was appointed to the post in January 2020. Gibbs is a partner at KPMG specialising in general insurance. He joined the firm in October ...

Chief economist update: Wall Street can't have its cake and eat it

BENJAMIN ONG  |  WEDNESDAY, 24 FEB 2021
Wall Street wants to have its cake and eat it too. It wants both a return to pre-pandemic normal - with all the growth and activity and employment and profitability that came with it - while at the same time wishing, hopin' and prayin' for Biden's ...

Chief economist update: The vaccine has landed

BENJAMIN ONG  |  MONDAY, 22 FEB 2021
No more tears, fears... and hopefully snap lockdowns. Today, 22 February 2021, will go down in Australian history as VAC (vaccine against covid-19) Day (although Australian Prime Minister Scott Morrison and Chief Medical Officer Paul Kelly and 84-year-old ...

Chief economist update: Patience is the word

BENJAMIN ONG  |  THURSDAY, 18 FEB 2021
The US economy is not out of the woods yet and therefore, worrywarts need not be concerned over rising inflation - that would prompt the Fed taper policy accommodation. "Participants observed that the economy was far from achieving the committee's ...

Continuous disclosure laws to stay

KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
Treasurer Josh Frydenberg flagged that the temporary disclosure laws for public companies relaxed at the height of the coronavirus crisis will be made permanent. In May 2020, the government announced the temporary measures, modifying provisions under ...

The trouble with best financial interests duty

KARREN VERGARA  |  WEDNESDAY, 10 FEB 2021
... spend members' money - justifying what is essential and non-essential expenditure. Scott Connolly, assistant secretary of the ACTU, said that there is a specific exclusion of dividend payments to parent companies from being required to comply with the ...

Lifecycle products cost members: Research

ELIZA BAVIN  |  FRIDAY, 5 FEB 2021
New Rainmaker research has found being a member of a typical lifecycle MySuper product could reduce a person's retirement savings by up to 23% by age 70. The research found that if a member were to stay in a typical lifecycle MySuper product for their ...

Future Super, Verve accused of misleading members

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 FEB 2021
The House of Representatives Standing Committee on Economics has accused Future Super and Verve of misleading consumers who are unlikely to understand the funds' relationship to Diversa Trustees. During questioning, Liberal MP and committee chair ...

Chief economist update: RBA extends QE

BENJAMIN ONG  |  WEDNESDAY, 3 FEB 2021
The Reserve Bank of Australia (RBA) painted a pretty picture of the Australian economy in its first board meeting for 2021. RBA governor Philip Lowe's statement at the conclusion of the Australian central bank's February meeting was optimistic ...