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Showing 8251 - 8260 of 22801 results for "Funds"

Life insurers admit to misconduct: Royal Commission

HARRISON WORLEY  |  MONDAY, 10 SEP 2018
... (APL), telling the commission despite advice groups maintaining APLs with policies from other life insurance groups, client funds were still directed towards the products of aligned insurers. The commission heard that between 2014 and 2018, 26% of the ...

Insurance in super code weak: ASIC

KARREN VERGARA  |  MONDAY, 10 SEP 2018
... outset, there was "a very high level of variation" in TPD definitions used in the insurance products offered through the super funds. These variations make it difficult for consumers to compare the insurance offerings between funds or to understand insurance ...

Industry funds launch account matching initiative

KARREN VERGARA  |  MONDAY, 10 SEP 2018
Several industry superannuation funds are teaming up to consolidate multiple accounts estimated to save members $100 million per year. The cross-fund matching initiative will see 18 industry funds consolidate 500,000 low balance, inactive accounts. ...

Evans Dixon buys Fort Street Advisers

KANIKA SOOD  |  MONDAY, 10 SEP 2018
... develop Evans Dixon's principal and seed investing activities. The new merged unit will sit alongside wealth advice and funds management business. The wealth advice business has $18.3 billion in funds under advice. Evans Dixon manages more than $5.6 ...

The changing face of SMSFs

JAMIE WILLIAMSON  |  MONDAY, 10 SEP 2018
Self-managed superannuation funds increased allocations to international equities by 30% in the first half of 2018, as well as upped exposure to listed investment companies and trusts in a bid to reach new markets. According to the latest Commsec SMSF ...

Pinnacle expands distribution team

KANIKA SOOD  |  MONDAY, 10 SEP 2018
... manager's London offices for four-and-a-half years, focusing on UK and European clients. He joined Eaton Vance from Macquarie Funds Group, where he worked in Australia and Europe. He has also worked with BT Investment Management (now Pendal). At ...

Link expands in Europe

HARRISON WORLEY  |  FRIDAY, 7 SEP 2018
... third-party independent authorised fund managers in Europe. "Luxembourg is a key jurisdiction for our clients' cross-border funds and enhancing our proposition in the region is a natural step for us," Addenbrooke said. "Being independent and 100% focused ...

ASIC to ramp up trustee visits

KARREN VERGARA  |  FRIDAY, 7 SEP 2018
Superannuation funds should get accustomed to leaving the front door open for ASIC as the regulator flagged it will pay trustees more periodic visits. Presenting a regulatory update at the AIST Super Investment Conference? in Cairns yesterday, ASIC ...

Platform providers crack S&P/ASX 300

KANIKA SOOD  |  FRIDAY, 7 SEP 2018
... EBITDA for the whole group swelled by 123%. It also lifted revenue targets and is now expecting to hit $19-$23 billion in funds under advice by FY21. Perpetual's slide comes after its FY18 results showed total NPAT grew 2% over the previous year. Perpetual's ...

Super industry welcomes Age Pension backflip

HARRISON WORLEY  |  THURSDAY, 6 SEP 2018
... increase the Age Pension age to 70. ISA deputy chief executive Matt Linden said the peak body for industry superannuation funds is pleased the Morrison government has abandoned plans to increase the pension age to 70 by 2035. The plans were first announced ...