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Showing 771 - 780 of 4270 results for "Yesterday"

Hayne sees red over failed merger

KARREN VERGARA  |  THURSDAY, 16 AUG 2018
... the Australian Catholic Superannuation Retirement Fund (ACRF) dated back to October 2016, the Royal Commission heard yesterday. By not going ahead with the merger, it failed to prioritise members' interest - a similar case to Energy Super backing ...

Entertainment spend retains members: Hostplus

KARREN VERGARA  |  WEDNESDAY, 15 AUG 2018
... the witness stand on the issues of substantiating corporate expenses and multiple member accounts. Elia gave evidence yesterday before counsel assisting Eloise Dias and justified the reason why it spends $260,000 per year to host employers and other ...

Poor systems delay MySuper transitions: CFS

KARREN VERGARA  |  WEDNESDAY, 15 AUG 2018
... meet the Government-mandated 1 January 2014 deadline that default contributions must be paid into MySuper products. Yesterday, senior counsel assisting Michael Hodge questioned why CFS dragged its feet in transitioning 13,000 FirstChoice Personal members ...

Suncorp suppressed tax benefits to super members

KARREN VERGARA  |  TUESDAY, 14 AUG 2018
... executive manager of the office of the superannuation trustee within Suncorp Portfolio Services Limited (SPSL). Late yesterday afternoon, Pinto established that Suncorp has two trusts: Suncorp Master Trust (previously Asteron Life Superannuation Fund) ...

Chief economist update: Emerging markets feel the heat as Turkey burns

BENJAMIN ONG  |  TUESDAY, 14 AUG 2018
... credit institutions could be caught up if the Turkish crisis spills over and continue to engulf emerging markets. Only yesterday, Argentina's central bank raised its repo rate to 45% after leaving it unchanged at 40% at its scheduled meeting less ...

NAB CEO apologises over super failures

HARRISON WORLEY, DARREN SNYDER  |  FRIDAY, 10 AUG 2018
National Australia Bank chief executive Andrew Thorburn took to social media yesterday to apologise on behalf of the group's 34,000 staff for failures identified at the financial services Royal Commission. Speaking about confronting allegations ...

IOOF executives dismiss conflicts of interest

KARREN VERGARA  |  FRIDAY, 10 AUG 2018
... financial services Royal Commission continued its line of questioning to IOOF general manager of distribution Mark Oliver. Yesterday afternoon, Senior Counsel Assisting Michael Hodge painted a picture of the retail group's complicated structure. ...

Conflict of interest too great for NULIS: Royal Commission

HARRISON WORLEY  |  THURSDAY, 9 AUG 2018
... whether or not that was adequate in respect of advice fees that were paid to licensees for superannuation members." Yesterday Hodge observed NAB was in a "hopelessly conflicted" situation by delaying the process of compensating members charged fees for ...

NAB looked to keep plan service fees, Royal Commission hears

HARRISON WORLEY  |  TUESDAY, 7 AUG 2018
... compensation figure now stands at $87.1 million according to NULIS in a statement handed down to the commission last week. Yesterday the Royal Commission questioned MLC's decision to stick with grandfathered arrangements, raising whether the practice ...

Chief economist update: Do nothing RBA

BENJAMIN ONG  |  TUESDAY, 7 AUG 2018
... between now and then and the RBA could hike interest rates earlier or much, much later than consensus predictions. Only yesterday I ranted that the RBA wouldn't and couldn't raise interest rates before Australians, all, get a pay rise - maybe ...

Editor's Choice

Global X awards mandate for ETF business

ELIZA BAVIN
Global X has awarded a new custody and administration mandate for its Australian ETF business.

Bell Asset Management launches small-caps fund

KARREN VERGARA
Bell Asset Management has formally launched its Australian Small Companies Fund, which is run by former Tyndall Asset Management portfolio managers.

Former Australian Ethical finance chief lands new gig

MATTHEW WAI
The former chief financial officer of the ethical investment manager has joined a local finance company after wrapping up his tenure at AUB Group.

MySuper assets pursue $1.5tn Choice sector

KARREN VERGARA
MySuper assets are fast catching up to the $1.5 trillion Choice sector, hitting nearly $1.2 trillion in the March quarter.

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