Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 8101 - 8110 of 22801 results for "Funds"

Royal Commission hits Westpac cash earnings

JAMIE WILLIAMSON  |  MONDAY, 5 NOV 2018
... issues." BTFG achieved cash earnings of $786 million, an increase of $4 million year-on-year, and reflective of an increase in funds; solid growth in corporate super for life insurance and fewer general insurance claims. The result was partly offset ...

Chief economist update: Americans who want work will find it

BENJAMIN ONG  |  MONDAY, 5 NOV 2018
... week (7-8 November) to be a ho-hum event. In fact, the CME FedWatch Tool puts the probability of the Fed keeping the fed funds rate at 2-2.25% at 92.8% - almost a sure "no change" thing. However, betting on the pre-Christmas meeting (18-19 December) ...

Cbus whacks illegal phoenixing

KANIKA SOOD  |  FRIDAY, 2 NOV 2018
... $31 million in members' superannuation entitlements from insolvency actions in the last 10 years, working with Industry Funds Credit Control (IFCC) which has already backed the introduction of DINs. "In the past five years Cbus has recovered around $330m ...

Managed accounts provider replaces Praemium

KANIKA SOOD  |  FRIDAY, 2 NOV 2018
... in the SMA solution was about $65 million. The fee has dropped from 77bps to 55bps with the change. InvestSMART head of funds management Alastair Davidson said the move was driven by a need to make investing easier to understand for its clients. "Implementing ...

Assistant Treasurer warns super funds to lift engagement game

KARREN VERGARA  |  FRIDAY, 2 NOV 2018
Federal Assistant Treasurer Stuart Robert slammed superannuation funds for not doing enough to engage members and for specifically letting the issue of multiple accounts get out of control. Robert told this week's Financial Services Council policy ...

TCorp finalises restructure

KARREN VERGARA  |  FRIDAY, 2 NOV 2018
... Financial Group. Tom Gillespie is TCorp's new senior manager portfolio risk. He is the former head of research at Aurora Funds and director of investment risk advisory at Russell Investments. Chief investment officer Stewart Brentnall commented ...

Former adviser jailed, ASIC posts FY18 stats

KARREN VERGARA  |  THURSDAY, 1 NOV 2018
... withdrew cheques from a client's superannuation account without authorisation and deceived some clients about the use of funds withdrawn. He also deceived another client about the unit price of an unlisted registered managed investment scheme; a ...

Diversa executive joins managed accounts specialist

DARREN SNYDER  |  THURSDAY, 1 NOV 2018
... updated its investors this week on its September quarter performance. Its managed fund administration service added nine new funds, meaning this business now administers more than 950 funds. Superannuation member administration now exceeds $4.75 billion ...

One-stop complaints shop opens

DARREN SNYDER  |  THURSDAY, 1 NOV 2018
... for all financial complaints, whether they be related to banks, credit providers, insurance companies or superannuation funds," he said. "AFCA will have significantly higher monetary limits and compensation caps than were available under the Financial ...

Warakirri expands investment team

KANIKA SOOD  |  THURSDAY, 1 NOV 2018
... will report to Warakirri's investment manager for agribusiness Luke Carey. The 25-year-old boutique has $1.5 billion in funds under management,and another $600 million in commitments for its agriculture investments. It specialises in agriculture ...