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Showing 7451 - 7460 of 28273 results for "NOT"

BT un-aligns group insurance, awards mandate

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 JUL 2020
Westpac's BT super has awarded a group insurance mandate, switching members away from Westpac Life Insurance Services. AIA Australia has been appointed as the new group insurer, with the change coming into effect from 1 July 2020. The change will impact ...

Hostplus bumps cash allocation up

ELIZABETH MCARTHUR  |  TUESDAY, 7 JUL 2020
... including by outlining the liquidity of the fund's investments in cash, bonds and shares." For Hostplus as a total fund, not just the balanced option, it now has a 10.8% allocation to cash - amounting to approximately $4.9 billion. Hostplus' ...

Balanced options in the red, but only just

ALLY SELBY  |  TUESDAY, 7 JUL 2020
... based on Rainmaker's full sample up to end of May 2020, supplemented with June 2020 returns for a curated sample of 20 not-for-profit MySuper products with funds with daily unit prices. This is the fourth lowest return in 20 years, and the first ...

Chief economist update: Second waving, not drowning

BENJAMIN ONG  |  TUESDAY, 7 JUL 2020
... government has locked down 39 suburbs. With infected cases continuing to rise since then, Victorian state premier Dan Andrews is not ruling out expanding restrictions to other suburbs and all of Victoria if needs be. But hey, Australia remains the Lucky ...

Experts battle for GST reform

ALLY SELBY  |  TUESDAY, 7 JUL 2020
... reducing our reliance on more harmful taxes, while re-directing a portion of revenue to lower income households so they do not bear the burden of reform". It recommended state treasuries develop projections of national GST revenues, helping to unearth ...

WAM makes replacement bid for Keybridge

ELIZA BAVIN  |  TUESDAY, 7 JUL 2020
Despite ongoing legal action between the pair, WAM Active has made an official replacement bid to acquire Keybridge Capital shares at an offer price of 6.9 cents per share. The new offer is higher than the previous offer of 6.5 cents per share, made ...

Rio Tinto decision exposes limits of super engagement

ELIZABETH MCARTHUR  |  TUESDAY, 7 JUL 2020
... many superannuation funds will emphasise the importance of good stewardship, they will also highlight the fact that they are not, and should not be in the business of actively managing the companies they invest in," Steffanoni said. "It is however a ...

Advisers switch platforms amid pandemic

ALLY SELBY  |  TUESDAY, 7 JUL 2020
... the twin headwinds of the Royal Commission and the global pandemic," Investment Trends research director Recep Peker said. "Not only has platform switching reached a post-GFC high, planners are also broadening the range of platforms they use. "In the ...

AMP closes ethical option to super members

ELIZABETH MCARTHUR  |  MONDAY, 6 JUL 2020
... Lifetime, AMP Flexible Super, SignatureSuper, SignatureSuper Select, SuperLeader and the Woolworths Group Superannuation Plan will not be able to choose the Ethical Leaders Balanced option from 10 July 2020. The AMP Capital Ethical Leaders Balanced fund ...

Advice head leaves ANZ

ELIZABETH MCARTHUR  |  MONDAY, 6 JUL 2020
... moving to the head of ANZ My Advice role in 2009. He had been head of advice and operations for three years. Caulfield did not say what his next move would be.