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Showing 741 - 750 of 3368 results for "mandate"

New adviser, intermediary solutions lead at Russell

KARREN VERGARA  |  THURSDAY, 13 JAN 2022
... manager of investment bonds and leading wholesale funds management efforts. Last year, the fund manager won a $285 million mandate split across three separate clients. Clayton Utz, Byrnecut Group and an unnamed reinsurer have tasked the Russell Investments ...

Shoddy exam feedback fuels adviser stress

KARREN VERGARA  |  WEDNESDAY, 22 DEC 2021
... paid $465,886 for FY21; $127,386 of this is her severance package. In the grand scheme of things, FASEA has fulfilled its mandate as nine out of 10 advisers have passed the exam regardless of number of sittings. Yet, a minority of advisers continue to ...

Morningstar cuts fair value estimate for Magellan

ELIZABETH MCARTHUR  |  TUESDAY, 21 DEC 2021
... fair value estimate for narrow-moat Magellan Financial Group by 25% to $38 per share, after the fund manager lost a major mandate. That's according to a note from analyst Shaun Ler, who said the impact of St James' Place (SJP) cutting its mandate with ...

Magellan loses significant mandate

ELIZABETH MCARTHUR  |  MONDAY, 20 DEC 2021
Magellan Financial Group has lost a key mandate from UK wealth manager St James' Place. After requesting a trading halt Friday afternoon, this morning Magellan confirmed to the ASX that it had lost the mandate from St James' Place. The company's share ...

ISPT takes stake in property fund manager

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
ISPT has acquired a stake in a subsidiary run by ASX-listed E&P Financial Group, paying $12 million for its share. ISPT is to become part owner of E&P's Fort Street Real Estate Capital (FSREC), a real estate investor and asset manager which also ...

FSC releases two new standards

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
The Financial Services Council released two new standards, one of which helps members abide by the newly mandated advice fee consent requirements. FSC members will need to comply with FSC Guidance Note No. 43 from 1 January 2022, which was constructed ...

NZ Super awards passive ESG mandates

JAMIE WILLIAMSON  |  WEDNESDAY, 15 DEC 2021
NZ Super Fund has selected UBS Asset Management to manage $4.9 billion across two passive mandates. UBS Asset Management has designed two ESG index equity funds for NZ Super, tailored to its performance and responsible investment requirements. UBS Asset ...

ISA releases pre-election wish list

CHLOE WALKER  |  TUESDAY, 14 DEC 2021
... Industry superannuation funds also want policy commitments from the major parties. These policy commitments include: a mandate that employers pay their employees super with wages; paying super with the Commonwealth Parental Leave Pay Scheme; a review ...

Longo's ASIC less aggressive: Report

ELIZABETH MCARTHUR  |  FRIDAY, 10 DEC 2021
... after salary scandals saw chair James Shipton and deputy chair Daniel Crennan depart, meant he was hired with a government mandate to 'support Australia's economic recovery'. "In response, ASIC has been mindful of the burden of a raft of reforms in October ...

GQG Partners launches income strategy

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 DEC 2021
GQG Partners launched a new strategy, securing a $125 million mandate from a large Australian institution. The GQG Global Quality Dividend Income strategy seeks to invest in dividend-paying companies with attractively priced future growth prospects ...