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Showing 8341 - 8350 of 22801 results for "Funds"

Challenger increases annuity distribution

JAMIE WILLIAMSON  |  TUESDAY, 14 AUG 2018
... including $4 billion of annuity sales. Meanwhile, its investment arm received $5.3 billion in net flows for the year pushing its funds under management up 8%. Benari said the group has great momentum and is well positioned for the next phase of growth. ...

NAB complicated plan service fee issue: Royal Commission

HARRISON WORLEY  |  MONDAY, 13 AUG 2018
... Andrew Hagger that the bank's wealth management arm complicated the plan service fee issue among its superannuation funds. "What I want to suggest to you is this. There is no reason why the trustee would want to do anything other than fully remediate ...

Praemium revenues inching towards $50m mark

KANIKA SOOD  |  MONDAY, 13 AUG 2018
Praemium's revenue grew by 22% over the previous year, buoyed by new client wins and funds pouring in from its Australian and international businesses. The managed accounts provider generated $43 million in revenues for the year ending June 2018, up ...

GAM to liquidate bond funds

JAMIE WILLIAMSON  |  MONDAY, 13 AUG 2018
GAM Investments will liquidate its suite of absolute return bond funds following the suspension of its head of absolute return strategies. Last week GAM announced it had suspended investment director Tim Haywood for risk management and record keeping ...

Indigenous Australians face super challenges: Royal Commission

HARRISON WORLEY  |  MONDAY, 13 AUG 2018
... system. Melcer spoke of the difficulties indigenous Australians face in proving their identity when engaging with super funds. Additionally, Melcer said a visit to Far North Queensland remote community of Lockhart River demonstrated to her how a lack ...

OneVue and Mercer join forces

JAMIE WILLIAMSON  |  MONDAY, 13 AUG 2018
... growth assets and were designed by Nextplan's investment team in collaboration with Mercer, leveraging OneVue's FUND.eXchange funds. Nextplan's chief executive David Corridon said the new platform will enable Nextplan to access best-of-breed investment ...

Super fees outpace asset growth: Research

KARREN VERGARA  |  MONDAY, 13 AUG 2018
The rate at which superannuation funds slug members fees is growing faster than the underlying assets being managed, latest research shows. Rainmaker Information's March quarter Benchmarking report shows members paid a total of $32 billion in super ...

Macquarie acquires Investa Office Fund stake

JAMIE WILLIAMSON  |  MONDAY, 13 AUG 2018
... ASX-listed Investa Office Fund - which is currently the subject of an ongoing battle for control. As such, Investa Listed Funds Management has been notified that the Investa Commercial Property Fund, in its own opinion, is not restricted by the Corporations ...

Financial crime taskforce puts two behind bars

KARREN VERGARA  |  MONDAY, 13 AUG 2018
... Wales, were sentenced to seven years' imprisonment each. The pair used an offshore company, owned by Agius, to hold funds before using sham loans to return the money to Australia without paying tax. On 18 April 2018, a jury found both men guilty ...

Janus Henderson promotes Aussie team

KANIKA SOOD  |  MONDAY, 13 AUG 2018
... interest Glenn Feben, managing the investment strategy and day-to-day working of the Janus Henderson Australian fixed interest funds and mandates. "Jay has been an important member of the Australian Fixed interest team for over 17 years and has worked ...