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Showing 721 - 730 of 3276 results for "RIC"

Frat house ponzi scheme charged

KANIKA SOOD  |  FRIDAY, 7 JUN 2019
A ponzi scheme run by a 22-year old out of a college fraternity house in the United States has copped the regulator's ire. Syed Arhan Arbab collected more than $269,000 from at least eight college students, recent graduates, or their family members ...

SG below 10% fails super objective

HARRISON WORLEY  |  FRIDAY, 7 JUN 2019
Rice Warner has weighed into one of the longest running debates in the superannuation sector, saying a superannuation guarantee under 10% fails its primary objective. The researcher believes the superannuation guarantee (SG) should increase in line ...

Challenger funds management chief resigns

KARREN VERGARA  |  FRIDAY, 7 JUN 2019
The chief executive of Challenger's funds management business announced he will depart later this year. Ian Saines joined Challenger in March 2015 and helped funds under management grow to more than $80 billion for two divisions: Challenger Investment ...

Wills and BDBN raise adviser interest

KARREN VERGARA  |  FRIDAY, 7 JUN 2019
The complexities of binding death benefit nominations and wills piqued the interest of many at the quarterly Challenger and Financial Standard Technical Services Forum. Australian Unity head of technical services Yvonne Chu raised the question of what ...

Chief economist update: The rate cut Australia has to have

BENJAMIN ONG  |  TUESDAY, 4 JUN 2019
Reserve Bank of Australia governor Philip Lowe is set to be remembered in history as the man who took Australia's official cash rate from a historic low of 1.5% - set under Glen Stevens one month before he stepped down as RBA head honcho in September ...

Mercer hires investment strategy lead

KARREN VERGARA  |  WEDNESDAY, 29 MAY 2019
Mercer has appointed a former Suncorp executive to the newly created position of head of investment strategy. Gwion Moore joins the portfolio management senior leadership team, responsible for leading asset allocation decision making for the Mercer ...

British MPs prod own pension fund

KANIKA SOOD  |  WEDNESDAY, 29 MAY 2019
UK members of parliament have backed a call to offload any fossil fuel investments held in the Parliamentary Contributory Pension Fund. More than 240 serving and former MPs have signed the 'Divest Parliament' pledge, calling on the fund's trustees to ...

Chief economist update: Currency manipulators beware

BENJAMIN ONG  |  MONDAY, 27 MAY 2019
As if the world hasn't had enough of the overhanging pall engendered by lingering trade tensions, US President Trump is about to raise the stakes and expand the scope to currency manipulators. This I learned from The New York Times (NYT) on May ...

Super stability not guaranteed: Rice Warner

HARRISON WORLEY  |  FRIDAY, 24 MAY 2019
Research house Rice Warner has moved to temper expectations the Coalition's victory in the Federal election will ensure stability in the superannuation system. According to the firm, despite the Coalition's pledges to leave the system unchanged in the ...

Chief economist update: Like Britney Spears, Financial Standard's done it again

BENJAMIN ONG  |  THURSDAY, 23 MAY 2019
"Chief economist update: Cash rate should be 1%"! This was my piece published on 7 March 2019, based on the 'Taylor Rule' and plugging in Australia's growth and inflation parameters at the time. It took two months and a few days before Reserve ...