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Showing 7111 - 7120 of 22799 results for "Funds"

How much Future Fund spends in fees

KANIKA SOOD  |  FRIDAY, 18 OCT 2019
... is added over broad market exposure (such as private equity) or for exposures which are truly diversifying (such as hedge funds)." "Direct cost ratio" includes all operational costs. This has come down from 0.3% three years ago to 0.2% in the year ending ...

Former adviser cops 12 years in jail

HARRISON WORLEY  |  FRIDAY, 18 OCT 2019
... sentenced to 12 years in jail with a minimum period of six years behind bars, having been found guilty of investing client funds marked for investment in a diversified fund for an abalone farm in South Australia operated by entities under his control. ...

CommInsure eyes deferred lifetime annuities

KANIKA SOOD  |  FRIDAY, 18 OCT 2019
... CommInsure is looking to expand its annuity offering as it sees opportunity in the fast-approaching deadline for superannuation funds to develop comprehensive retirement income products (CIPRs). The life insurer, which is in the process of changing ownership ...

ASIC nudges robo-adviser to shutter

ELIZABETH MCARTHUR  |  FRIDAY, 18 OCT 2019
... and investment and superannuation recommendations. Plenty Plus provided advice on the establishment of self-managed super funds, purchasing property with super, commencing and ceasing pensions and contributions into super. ASIC raised concerns with Lime ...

GSFM scoops up MLC's stake in Redpoint

ELIZA BAVIN  |  FRIDAY, 18 OCT 2019
... equity stake in the business will allow the Redpoint team to focus on investment management, while also introducing our funds to a wider audience through GSFM's dedicated, focussed and specialist distribution capability. As part of the acquisition Eric ...

IFM pushes into large scale private equity

ELIZA BAVIN  |  FRIDAY, 18 OCT 2019
... Wardman-Browne said that the initiative to make larger scale investments was appropriate. "The longer term focus of industry super funds' and IFM's flexible structures and strategy to maximise members super savings is suited to making longer term investments ...

YouTube fundie walks away

ELIZABETH MCARTHUR  |  THURSDAY, 17 OCT 2019
The embattled UK fund manager, Neil Woodford, has resigned from his namesake funds and is closing down his business. One day after it was announced that his flagship Woodford Equity Income Fund would be wound up, Woodford has made the shock decision ...

Dealer group awards investment mandate

KANIKA SOOD  |  THURSDAY, 17 OCT 2019
... sit in Lifespan's $400 million managed discretionary accounts (MDA), which uses about 20 external managers to create funds with five risk profiles for its advice clients. The external managers are decided upon by Lifespan's investment committee ...

ASIC drags former adviser to court

HARRISON WORLEY  |  THURSDAY, 17 OCT 2019
... financial adviser with a 25-year ban from the profession is facing court for allegedly using almost $2 million in client funds for his own benefit. Graeme Walter Miller appeared through his lawyer in Lismore Local Court on Wednesday, as the former CFS ...

IOOF acquires OnePath at a discount

ELIZA BAVIN  |  THURSDAY, 17 OCT 2019
... to increase its APRA CET1 capital ratio by around 20 basis points. ANZ/OnePath topped the list of worst-performing super funds in Stockspot's Fat Cat Funds Report this year.