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Showing 801 - 810 of 7285 results for "SMA"

Mercer Super chalks up 11.2% return

ANDREW MCKEAN  |  THURSDAY, 18 JUL 2024
Mercer Super's SmartPath, its default lifecycle investment option, has delivered returns ranging from 11.2% and 11.7% for the last financial year. Mercer's acting chief investment officer for the Pacific region Sue Wang said the results were an excellent ...

UK announces new Pension Schemes Bill

JAMIE WILLIAMSON  |  THURSDAY, 18 JUL 2024
The UK government plans to introduce a 'value for money' test for workplace pension schemes and mandate them to offer retirement products, as it looks to ensure Brits retire with more. A new Pension Schemes Bill, announced in a speech by King ...

REI Super returns 9.34% in FY24

JAMIE WILLIAMSON  |  WEDNESDAY, 17 JUL 2024
The real estate industry super fund's MySuper option returned 9.34% last financial year. The results come as it launches a new growth investment option. REI Super chief executive Jarrod Coysh described the fund's performance for the year as a great ...

Betashares launches new currency hedged ETF

ANDREW MCKEAN  |  TUESDAY, 16 JUL 2024
Betashares has introduced a currency hedged version of its S&P 500 Equal Weight ETF (ASX: QUS). QUS has amassed over $380 million in funds under management (FUM), appealing to investors looking to maintain exposure to a broad portfolio of US shares ...

AFCA caps Dixon claimants at 2773

KARREN VERGARA  |  FRIDAY, 12 JUL 2024
Total compensation for Dixon Advisory victims has reached $338.6 million as the Australian Financial Complaints Authority (AFCA) caps the total number of complainants at 2773. The Financial Advice Association Australia (FAAA) calculates that the financial ...

Australia climbs global wealth ranks

ELIZA BAVIN  |  THURSDAY, 11 JUL 2024
Australia has moved up the ranks in the UBS Global Wealth Report, rising from third place to second in terms of median wealth per adult, sitting just below Luxembourg. In 2023 wealth growth across the world recovered from its 3% contraction the previous ...

MetLife refreshes two products

KARREN VERGARA  |  WEDNESDAY, 10 JUL 2024
MetLife introduced several changes to two products that are available through financial advisers. The changes that took effect on June 30 impact policyholders in MetLife Protect and MetLife Protect Super. MetLife Protect insures against death, trauma ...

Political risk pushes institutional investors to cash: Report

ELIZA BAVIN  |  WEDNESDAY, 10 JUL 2024
State Street Global Markets has released the results of the State Street Institutional Investor Indicators for June, showing risk appetite fell 0.09 in June, revealing a modest risk off bias across the month. State Street Global Markets head of macro ...

Adviser permanently banned for faking qualifications

JAMIE WILLIAMSON  |  TUESDAY, 9 JUL 2024
A Western Australian financial adviser was permanently banned after he lied to his employer and clients about having passed the Financial Adviser Exam. Dashiel Benjo Vee, also known as Dash Vee, is banned from providing financial services, controlling ...

The investment managers winning the biggest mandates

ANDREW MCKEAN  |  TUESDAY, 9 JUL 2024
Some investment managers still scored large mandates despite an overall nosedive in appointments by not-for-profit super funds. Alphinity, which manages $31.39 billion of Australian-sourced funds, was awarded a $2.92 billion international equites mandate ...