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Showing 7451 - 7460 of 22800 results for "Funds"

Hostplus enters merger talks

KANIKA SOOD  |  TUESDAY, 2 JUL 2019
... Understanding to formally pursue discussions and undertake a comprehensive due diligence process. In a joint release, the funds said they have commonalities in history and member profit heritage. Hostplus chief executive David Elia said the due diligence ...

Investec scores ADI licence

KARREN VERGARA  |  TUESDAY, 2 JUL 2019
... Investec said at the time the sale allowed it to focus on its core strengths of corporate and institutional banking, property funds management and investment banking. Samios said the new banking licence approval confirms that Investec is growing its ...

Clime ramps up private wealth

KANIKA SOOD  |  TUESDAY, 2 JUL 2019
... its private wealth business. The 23-year-old firm managed $887 million at March end. It has traditionally managed equities funds for the wholesale investors but dipped its toes into private wealth advisory last year following demand from its investor ...

Raiz hikes fees for low balances

KARREN VERGARA  |  TUESDAY, 2 JUL 2019
... referral and referee. Since launching in 2016, Raiz has amassed 689,000 signups, with over 192,000 active monthly customers. Funds under management reached $331 million at the end of May 2019. Raiz was named as a finalist in the Wealth Management category ...

Super fund awards Aussie equity mandate

KARREN VERGARA  |  TUESDAY, 2 JUL 2019
... superannuation scheme awarded a mandate worth more than $200 million to Omega Global Investors. State Super allocated the funds to Omega's smart beta-plus strategy, complementing its existing Australian equity portfolio. Omega joins the likes of ...

Reforms see super fees in flux

HARRISON WORLEY  |  MONDAY, 1 JUL 2019
... and divert low-balance accounts deemed to be dormant for longer than 16 months to the Australian Tax Office, some super funds face losing a significant portion of ongoing revenue. Several super funds, such as BUSSQ, have increased administration fees ...

Industry funds consider $22bn merger

JAMIE WILLIAMSON  |  FRIDAY, 28 JUN 2019
Two industry superannuation funds are considering merging to create a $22 billion superannuation fund. MTAA Super and Tasplan have entered into a binding Memorandum of Understanding to investigate a possible merger that would see the creation of a $22 ...

Sunsuper slashes fees

KARREN VERGARA  |  FRIDAY, 28 JUN 2019
... is a great outcome." "These changes further strengthen Sunsuper's position as one of the lowest cost superannuation funds in Australia." Compared to some funds which disclose administration fees on a net-of-tax basis, Sunsuper discloses admin fees ...

Advice affordability a growing concern

HARRISON WORLEY  |  FRIDAY, 28 JUN 2019
... Peker said platforms need to focus on strengthening the relationship with advisers as competition heats up, noting 56% of funds under administration end up on the primary platform, while just a quarter sit on the secondary platform. He also said industry ...

Industry funds up premiums

KARREN VERGARA  |  FRIDAY, 28 JUN 2019
Members of two industry superannuation funds will be paying higher group insurance premiums from next week as the Protecting Your Super changes kick into gear. GuildSuper and Childcare Super, which are part of the $1.7 billion Guild Retirement Fund ...