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Showing 7671 - 7680 of 29079 results for "PRI"

Super fees hit record lows: Research

JAMIE WILLIAMSON  |  THURSDAY, 13 AUG 2020
Fees across all super fund types dropped to record lows last financial year, according to a recent study conducted by Rainmaker. The key finding of a review of 2720 products offered by 169 super funds, super fees came in at a total of $29.6 billion ...

Platform business in administration

KANIKA SOOD  |  THURSDAY, 13 AUG 2020
IFM Investors and Regal backed Spitfire has appointed administrators, as it looks to restructure the group after a shareholder reneged on promised funding. Olvera Advisors' Damien Hodgkinson and Kate Barnet were appointed as joint and several voluntary ...

Chief economist update: The wages of COVID-19

BENJAMIN ONG  |  THURSDAY, 13 AUG 2020
"After a steady period of wage growth over the previous 12 months, wages recorded the lowest annual growth in the 22-year history of the WPI, ABS head of price statistics Andrew Tomadini said. "The June 2020 quarter was the first full period in which ...

De Ferrari refuses to discuss Wade

ELIZABETH MCARTHUR  |  THURSDAY, 13 AUG 2020
AMP chief executive Francesco De Ferrari repeatedly refused to comment on the specific accusations of sexual harassment levelled at members of AMP's leadership team. Following reports that both AMP Capital chief executive Boe Pahari and former AMP ...

Embattled AMP sees wealth earnings dive

ELIZA BAVIN  |  THURSDAY, 13 AUG 2020
AMP has reported a near halving of its wealth management earnings and announced it is buying back Mitsubishi UFJ Trust and Banking Corporation 15% stake in AMP Capital. The embattled wealth manager has reported its first half underlying profit was $149 ...

CEFC makes first foray into industrial investments

ALLY SELBY  |  THURSDAY, 13 AUG 2020
The Clean Energy Finance Corporation has made its first foray into the industrial property sector, investing $50 million in one of Australia's largest industrial and logistics funds. Charter Hall's $5.5 billion Prime Industrial Fund has nabbed the government ...

Asset managers still bearish, but less so

ALLY SELBY  |  WEDNESDAY, 12 AUG 2020
Asset managers slightly increased their risk tolerance in the second quarter of the year in a bid to ride the equity rally, but risk aversion still remains high. That's according to new research from institutional specialist consultant bfinance, which ...

Magellan readies lower-cost funds

KANIKA SOOD  |  WEDNESDAY, 12 AUG 2020
Magellan is readying a new low-cost lineup of its strategies for retail investors, as it reports 5% higher net profit after tax of $395.2 million for FY20. The Magellan Core series will kick off as open-ended funds on Chi-X (so far its ETFs use ASX ...

HESTA consolidates investment options

JAMIE WILLIAMSON  |  WEDNESDAY, 12 AUG 2020
The $52 billion industry fund is closing some of its investment options and merging others in a move that will see some fees change. HESTA has informed members that investment options across both super and income streams will be changed from October ...

SME insolvencies set to increase

ANNABELLE DICKSON  |  WEDNESDAY, 12 AUG 2020
The signs of resilience from small to medium enterprises (SMEs) may be short lived when government support starts to taper off leading to higher numbers of insolvencies, according to CreditorWatch. The number of SMEs defaulting on payments fell by 13.2% ...