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Showing 751 - 760 of 4186 results for "Nov"

Super funds complete mergers

ANDREW MCKEAN  |  MONDAY, 5 DEC 2022
The merger of HESTA and Mercy Super has been finalised, as has that of UniSuper and Australian Catholic Superannuation and Retirement Fund. About 13,000 Mercy Super members and their assets have moved to HESTA, bringing its total funds under management ...

Vanguard cops fine for greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 2 DEC 2022
Vanguard Investments has become the first investment manager to be fined by ASIC over greenwashing. Vanguard paid $39,960 to comply with three infringement notices related to product disclosure statements (PDS) for the Vanguard International Shares ...

Australian Ethical lowers fees

ANDREW MCKEAN  |  FRIDAY, 2 DEC 2022
Australian Ethical has reduced the dollar-based administration fee for all its super, transition to retirement and pension accounts, as well as the management fee on some of its funds. Regarding super fees, Australian Ethical dropped its conservative ...

Blackstone restricts withdrawals on US$125bn property fund

CASSANDRA BALDINI  |  FRIDAY, 2 DEC 2022
Blackstone is limiting withdrawals from its US$125 billion real estate income trust (REIT) after a sharp rise in redemption requests. The global investor said the REIT received repurchase requests exceeding both the 2% of net asset value (NAV) monthly ...

Colonial First State adds 17 new funds to FirstChoice platform

ANDREW MCKEAN  |  THURSDAY, 1 DEC 2022
Colonial First State (CFS) has significantly expanded its FirstChoice menu, adding a range of ETF exposures, fixed interest, and sustainability strategies. Following the addition of the 17 new funds, the FirstChoice platform has reached the largest ...

2023 adviser exam dates released

CHLOE WALKER  |  THURSDAY, 1 DEC 2022
ASIC has announced the sitting dates for the 2023 financial adviser exams, the first of which will be held on February 16. Advisers should note that all enrolments for the February Cycle 20 sitting will be open from January 10 and close on January 30. ...

Australian Ethical, Christian Super merger finalised

JAMIE WILLIAMSON  |  MONDAY, 28 NOV 2022
The successor fund transfer was completed on November 25, adding 28,000 new members to Australian Ethical Super. It comes mere months after the merger was confirmed in July, with Australian Ethical and Christian Super first flagging their discussions ...

ETP naming conventions updated

JAMIE WILLIAMSON  |  THURSDAY, 24 NOV 2022
Following consultation, ASIC has updated naming conventions for exchange-traded products, dividing them into two levels of labelling. The regulator has updated Information Sheet 230 Exchange-traded products: Admission guidelines, splitting naming conventions ...

Industrial property ensures big wins for TelstraSuper

ELIZABETH FRY  |  MONDAY, 21 NOV 2022
TelstraSuper investment chief Graeme Miller says exposure to industrial property delivered bumper returns for the superannuation fund as the boom in online shopping drove up values. The unlisted property sector makes up about 11% of the super fund's ...

AFCA secures $900m in compensation

CASSANDRA BALDINI  |  MONDAY, 21 NOV 2022
Australians have taken home almost $900 million in compensation and refunds since the ombudsman service opened its doors in November 2018. The Australian Financial Complaints Authority (AFCA) said it's also handled more than 300,000 disputes, an ...