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Showing 701 - 710 of 2099 results for "MAX"

FSC calls for scaled advice model

ALLY SELBY  |  TUESDAY, 11 AUG 2020
The Financial Services Council (FSC) has called on the government to implement a two-year trial of a scalable advice model, in a bid to increase access to affordable advice to Australians at a time when they need it most. The COVID-19 crisis has seen ...

Boutique launches multi-asset fund

KANIKA SOOD  |  MONDAY, 10 AUG 2020
New Zealand's Milford Asset Management is launching an income-focussed, multi-asset fund to the Australian market, in its third local launch. The Milford Diversified Income Fund (AU) will invest in fixed interest and equity income generating securities. ...

AFP charges early release scammers

ELIZABETH MCARTHUR  |  MONDAY, 10 AUG 2020
The Australian Federal Police have charged three people with allegedly submitting false claims to gain early access to superannuation under the new COVID-19 measures. AFP Taskforce Iris has charged seven people in total with submitting false early release ...

ASIC slammed over SMSF data

ANNABELLE DICKSON  |  WEDNESDAY, 5 AUG 2020
... to operating costs if relying on ASIC's factsheet. "ASIC didn't put in the effort to enquire as to why half of the max contribution to their super fund would be eaten up in fees and costs," Wilson said. ASIC chair James Shipton said he has been ...

Christian Super appoints new chief investment officer

ELIZABETH MCARTHUR  |  TUESDAY, 4 AUG 2020
Christian Super chief investment officer Tim Macready is stepping down after 15 years with the $3 billion fund. Macready is moving on to focus on his work with impact investment firm Brightlight. Mark Rider will be stepping into the chief investment ...

Magellan to restructure retail global equities funds

KANIKA SOOD  |  MONDAY, 3 AUG 2020
Magellan is seeking unitholder approval to create a mega fund of $15 billion that would combine the investment pools of the unlisted, ETF and LIT versions of the Magellan Global Fund. Magellan will create a single trust and issue two unit classes - ...

AIST pushes for policy reform

ALLY SELBY  |  THURSDAY, 30 JUL 2020
The Australian Institute of Superannuation Trustees has pushed for greater regulatory reform, in a bid to scale up super fund investment in infrastructure, energy and housing. In a statement sent to state governments, relevant department heads and the ...

CBA ups remediation bill for advice

ELIZA BAVIN  |  THURSDAY, 30 JUL 2020
The Commonwealth Bank of Australia has announced an extra $300 million has been added to its remediation bill in relation to ongoing service fee and customer remediation costs. CBA said it is constantly addressing the full range of remediation issues ...

Advisers file class action against AMP

JAMIE WILLIAMSON  |  WEDNESDAY, 29 JUL 2020
A class action has been filed against AMP by its own advisers in relation to the institution's decision to slash Buyer of Last Resort valuations last year. Almost one year on from the news BOLR valuations would be cut from 4x recurring revenue to ...

Sydney boutique winds up fund

KANIKA SOOD  |  TUESDAY, 28 JUL 2020
... a minority stake in Redpoint. GSFM bought 49% stake in Redpoint last year, buying from MLC Asset Management. It is led by Max Capetta, formerly head of Australian equities at GMO Australia, as its chief executive and portfolio manager. It manages $9.6 ...