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Showing 711 - 720 of 4498 results for "Reach"

CFS settles super fees class action

JAMIE WILLIAMSON  |  FRIDAY, 14 JUL 2023
Colonial First State will pay $100 million to settle a class action over fees that were illegally charged to members to pay commissions to financial advisers. The action related to members of CFS FirstChoice and conduct carried out between July 2013 ...

Michele Bullock to be next RBA governor

CASSANDRA BALDINI  |  FRIDAY, 14 JUL 2023
Prime Minister Anthony Albanese and Treasurer Jim Chalmers announced this morning Michele Bullock will take over as Reserve Bank of Australia (RBA) governor from Philip Lowe in September. Chalmers said the government is proud to announce the ninth governor ...

Federated Hermes secures $486m for private equity fund

ANDREW MCKEAN  |  WEDNESDAY, 12 JUL 2023
... grateful to our existing and new investors for choosing to partner with us. It is a testament to Federated Hermes GPE's global reach that PEC V has attracted investors from markets as widespread as Switzerland and Korea," he said. "With the closure of ...

16% of asset managers to exit by 2027: PwC

ANDREW MCKEAN  |  MONDAY, 10 JUL 2023
... trillion, nearly 10% below the 2021 high of US$127.5 trillion. However, PwC forecasts a rebound by 2027, with AUM expected to reach a base of US$147.3 trillion. The asset and wealth management industry is also expected to become more concentrated, with ...

Super fund satisfaction still poor: Report

JAMIE WILLIAMSON  |  THURSDAY, 6 JUL 2023
While super funds' returns might have recovered, member satisfaction certainly hasn't. In fact, a new report shows it's fallen even further. The latest CSBA FEAL Superannuation CX Benchmarking report found 25% of members who had recently engaged with ...

AustralianSuper posts solid return for FY23

ANDREW MCKEAN  |  WEDNESDAY, 5 JUL 2023
AustralianSuper has posted an 8.22% return for its balanced investment option. Of note, the Rainmaker MySuper performance index benchmark is likely to yield a return around 9%. AustralianSuper chief investment officer Mark Delaney said that the fund ...

BlackRock raises $500m for Super Battery

ANDREW MCKEAN  |  THURSDAY, 29 JUN 2023
... and solar to decarbonise the grid." "Battery storage underpins a future balanced grid, ensuring that more clean energy can reach more consumers and providing network stability as coal continues to exit the network earlier than predicted. Our investment ...

Smart beta ETP market share matures: Morningstar

ANDREW MCKEAN  |  THURSDAY, 29 JUN 2023
The smart beta ETP market has reached maturity, evidenced by declining product closures, and increasingly intense fee competition, according to a Morningstar report. As of 31 December 2022, there were 1384 smart beta ETPs worldwide, with assets under ...

Super funds embrace offshore investment, internal teams

ANDREW MCKEAN  |  WEDNESDAY, 28 JUN 2023
... said. Nevertheless, JPMorgan's report clarified that while large funds heavily invested in local markets can quickly reach their holding limits for individual stocks, this doesn't spell an end to the home bias. The report acknowledged tax considerations ...

The boomer boom is over: AUSIEX

CHLOE WALKER  |  TUESDAY, 27 JUN 2023
... all but left the workforce by 2028," the report said. "It doesn't stop there. In 2027, the first of the Baby Boomers will reach their statistical age of death (81 years for men and 85 years for women)." The report found that the decline and exit of the ...