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Showing 7091 - 7100 of 22799 results for "Funds"

Defined benefits robbed women: Kelty

ELIZABETH MCARTHUR  |  FRIDAY, 25 OCT 2019
... benefits schemes," Kelty said. "Women were subsidising men. Women ostensibly had 30% access to super but 5% got it. Our funds, our system was designed to ensure women had equality and had a much better system than they had before." He was clear that ...

IOOF struck by outflows, former chair resigns

ELIZA BAVIN  |  FRIDAY, 25 OCT 2019
... investment management business had outflows of $166 million, compared to $134 million from the previous period. IOOF reported funds under management increased 3.1% to $142.7 billion for the period. The wealth manager said it is an extremely challenging ...

VicSuper hits sustainability target early

HARRISON WORLEY  |  THURSDAY, 24 OCT 2019
... as low carbon equities and solar. VicSuper chief executive Michael Dundon said that as community expectations grow, super funds need to have a clear strategy to not only deliver on their goals, but also to report on their achievements. "Transparency ...

AMP Capital boosts Asia presence after record raise

ELIZABETH MCARTHUR  |  THURSDAY, 24 OCT 2019
... time there was a stronger demand for it in Asia than in Australia," Keary said. He said investors in the fund are pension funds, insurance companies and some sovereign wealth funds. "That's the ultimate, from my perspective, managing money on behalf ...

Westpac takes $1 billion profit hit

ELIZA BAVIN  |  THURSDAY, 24 OCT 2019
... Analysis Centre's (AUSTRAC) enquiry. AUSTRAC is investigating the banks failure to report a large number of International Funds Transfer Instructions (IFTIs), which Westpac self-reported to the agency. "Westpac has not yet received an indication from ...

Magellan active ETFs retain Zenith ratings

KANIKA SOOD  |  WEDNESDAY, 23 OCT 2019
... internal market making last year in a reported that published its review of the ETF industry, saying non-transparent quoted funds may have larger spreads than transparent ones. "As the actual portfolio composition is not publicly disclosed each day ...

WiseTech short could impact super

ELIZABETH MCARTHUR  |  WEDNESDAY, 23 OCT 2019
Several superannuation funds could get caught in the crosshairs after a short report on WiseTech by J Capital has seen shares in the key Australian tech stock plummet. AustralianSuper, for example, has a $4.2 million holding in WiseTech. Australian ...

SMSF scheme sees creator jailed

ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2019
... 2007 and 2009, Nguyen used the fund, called Tot Form Super Fund, to arrange the unlawful early release of superannuation funds for a 25 people, many of whom were in financial trouble. Over $700,000 was illegally withdrawn after each individual's super ...

Super fund adviser numbers swell

KANIKA SOOD  |  TUESDAY, 22 OCT 2019
Superannuation funds have added about 250 directly employed advisers in the three years to March, with State Super in the lead, according to Rainmaker Research. The super industry now directly employs 969 registered advisers, up from 713 advisers at ...

SMSFs can meet aspirational lifestyle: Research

HARRISON WORLEY  |  TUESDAY, 22 OCT 2019
Latest research shows a significant proportion of Australians with self-managed super funds are set to retire with enough savings to fund lavish retirement lifestyles. SMSF actuarial certificate supplier Accurium claims many retirees with self-managed ...