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Showing 7561 - 7570 of 22800 results for "Funds"

Hard times ahead for platforms

KANIKA SOOD  |  THURSDAY, 23 MAY 2019
... giants could lose more than 30% of their platform profits even if they undertake "radical cost surgery". The big players' funds under administration have been plagued by leakage to independent platforms, retail super outflows and administration fee cuts. ...

PM Capital head of distribution departs

KANIKA SOOD  |  THURSDAY, 23 MAY 2019
... is now the head of sales at Invesco and Martin Franc who is the chief executive. Invesco has raised about $9 billion in funds under management in Australia across its global real estate, liquid alternatives and quantitative equities strategies, through ...

Material weakness in super funds, insurers exposed

KARREN VERGARA  |  THURSDAY, 23 MAY 2019
... exposed in APRA's prudential inquiry into the Commonwealth Bank are apparent among life insurers and superannuation funds. The prudential regulator wrote to 36 insurers, super funds and ADIs last June off the back of its findings on CBA, worried ...

ASIC bans adviser over super theft

ELIZABETH MCARTHUR  |  THURSDAY, 23 MAY 2019
... to conduct while he was director of one of the 14 companies, Wealth Achievers. It was alleged McSweeny transferred client funds - mostly retirement savings - into bank accounts held in the names of another two of the 14 companies. It was also alleged ...

Sunsuper, corporate super fund merge

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAY 2019
... Australian grain growers as associates of the group. At the time of merging, CBH Super had about 1300 members and $300 million in funds under management. According to Rainmaker data, its MySuper product held about $14 million as at December 2018 and ...

Members ignorant about super fund differences: Research

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2019
Many superannuation fund members that don't understand the difference between retail and industry funds highlights the need for education and comparison tools, a new survey finds. The research from Australian Institute of Superannuation Trustees, which ...

MLC Life wins group insurance mandate

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2019
... investing significantly in our people, processes and technology, deploying over $500 million in investment to better serve our funds, their employers and members, as well as advisers and customers," he said. Maritime Super members will be able to benefit ...

Zenith acquires New Zealand firm

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 MAY 2019
... fund managers since 1983, making it an established brand in the New Zealand market. The research company monitors about 700 funds totalling over $100 billion in NZ household savings held in unit trusts, KiwiSaver schemes, personal schemes and insurance ...

Super fund proxy voting behaviour revealed

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 MAY 2019
... report from the Australasian Centre for Corporate Responsibility (ACCR) reveals just 11 of the 50 largest superannuation funds disclose complete proxy voting records. ACCR reviewed the disclosures of Australia's super funds' proxy voting records ...

Calastone blockchain goes live

KANIKA SOOD  |  TUESDAY, 21 MAY 2019
The global funds network that has transacted for over 1100 funds in its Australian network has gone live with blockchain-powered infrastructure. Calastone has migrated 1800 customers from 41 markets to the new distributed market infrastructure (DMI). ...