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Showing 7341 - 7350 of 22800 results for "Funds"

Pinnacle profits up 32%

KANIKA SOOD  |  TUESDAY, 6 AUG 2019
... million attributable to shareholders which is 32% higher than last year's $23.1 million. Pinnacle now has $54.3 billion in funds under management across 13 affiliates which include names such as Solaris, Firetrail, Plato and Hyperion. Inflows Its stable ...

IPIF names investment lead, launches capital raise

ELIZABETH MCARTHUR  |  TUESDAY, 6 AUG 2019
... where he was general manager of investments. Prior to that, he was executive director and portfolio manager at Hastings Funds Management. Sean Kim has also joined IPIF in the role of senior investment analyst. At the same time as announcing the appointments ...

Adviser stole $200k from SMSFs

ELIZABETH MCARTHUR  |  TUESDAY, 6 AUG 2019
... (ASIC) permanently banned a former financial adviser who stole more than $200,000 from client self-managed superannuation funds. Robert Michael of Bentleigh, Victoria has been permanently banned from providing financial advice after ASIC's investigation ...

MLC Life appoints new executive

JAMIE WILLIAMSON  |  MONDAY, 5 AUG 2019
... investment in our technology transformation, including digital and data, infrastructure, and support services to serve our funds and their members." Williamson will add more than 25 years' experience across the insurance sector to MLC Life's ...

Super fund turns to food sustainability

KRISTI CHENG  |  MONDAY, 5 AUG 2019
... Super and VicSuper signed a Binding Heads of Agreement to merge, with leadership roles and a 2020 deadline confirmed. The funds said a successful merger would see the creation of a $120 billion fund serving more than 1.1 million members by 30 June 20 ...

More scrutiny for super fund, insurance firm chiefs

KARREN VERGARA  |  MONDAY, 5 AUG 2019
Top executives of superannuation funds and life insurance companies could soon face another inquiry that has traditionally put the blowtorch on the chiefs of the four major banks. The Coalition has asked that the House of Representatives Standing Committee ...

Chief economist update: Fed cut and Trump's war

BENJAMIN ONG  |  MONDAY, 5 AUG 2019
The US Federal Reserve gave markets exactly what they were expecting - a 25 basis point reduction in the Fed funds rate at the conclusion of its July FOMC meeting - but instead of revving up the risk on trade, it was risk off. Equity markets fell. The ...

Document leak puts NAB under the pump

HARRISON WORLEY  |  FRIDAY, 2 AUG 2019
... future. According to the news report Henry was "confident" the bank's then practice of lending money to self-managed super funds for the purpose of investing in managed funds would need to be remediated in the future. The leak also sheds light on ...

Former adviser cops 20-year prison sentence

JAMIE WILLIAMSON  |  FRIDAY, 2 AUG 2019
... annual interest rate of 15% via convertible or promissory notes. Some of the money was used to pay earlier investors with funds received from new investors. The rest of the money was used for personal benefit, funding Bennett's lavish lifestyle. Among ...

Imminent launch for start-up super fund

KARREN VERGARA  |  FRIDAY, 2 AUG 2019
... Tomorrow Super promises to be the "smarter alternative" to traditional retail, industry and self-managed superannuation funds, according to co-founder and chief executive Wes Hall. Hall described Tomorrow Super's offering as having the "best elements ...