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Showing 851 - 860 of 3536 results for "s. First"

IFM Investors' Sydney Airport dream still alive

ELIZABETH MCARTHUR  |  MONDAY, 13 SEP 2021
The consortium of investors, led by IFM, bidding for Sydney Airport has had its first win. After a series of rejected bids, Sydney Airport announced to the ASX that it is considering the consortium's (Sydney Aviation Alliance) latest bid of $8.75 cash ...

Former Macquarie chief to head ASIC, APRA regulator

ANNABELLE DICKSON  |  FRIDAY, 10 SEP 2021
The former chief executive of Macquarie has been named as chair of the authority which will review the effectiveness and capability of both ASIC and APRA. Treasurer Josh Frydenberg announced that Nicholas Moore will chair the Financial Regulator Assessment ...

New RE mandate for Equity Trustees

ELIZABETH MCARTHUR  |  THURSDAY, 9 SEP 2021
Equity Trustees has been appointed as a responsible entity for a wealth manager launching a new offering in Australia. Haven Wealth Partners has appointed Equity Trustees as it launches its first fund in Australia. The Haven Wealth Partners Ethical ...

Colonial First State faces penalties for MySuper conduct

KANIKA SOOD  |  WEDNESDAY, 8 SEP 2021
... in the coming months. CFS's MySuper product FirstChoice was recently named among the 13 funds that failed APRA's first performance test for MySuper members. On the day CFS was slated to receive the results (and a day before APRA posted the results ...

IFM Investors sets 2030 emissions target

ELIZABETH MCARTHUR  |  TUESDAY, 7 SEP 2021
The $174 billion manager owned by industry funds will reduce the carbon footprint of its infrastructure assets by 40% by 2030, as it heads down the path to net zero by 2050. IFM Investors has set its interim emissions reduction target for the infrastructure ...

Aussie neobank partners with crypto exchange

ELIZABETH MCARTHUR  |  MONDAY, 6 SEP 2021
Neobank Volt has partnered with digital currency exchange BTC Markets. The partnership will provide integrated banking capabilities to BTC Markets customers, initially via access to a corporate cash management account with real-time notifications and ...

MySuper continues stellar performance

KARREN VERGARA  |  FRIDAY, 3 SEP 2021
MySuper products continue to deliver returns averaging 20% at the end of July, Rainmaker analysis shows. Rainmaker's MySuper Index returned 19.2% in the year to July 2021, surpassing June's rolling one-year return by 40 basis points. This makes July ...

Super funds not ready for IDR

ELIZABETH MCARTHUR  |  FRIDAY, 3 SEP 2021
An ASIC survey of super funds about their preparedness for the new enforceable internal dispute resolution (IDR) obligations identified areas of weakness. The specific areas identified by the regulator as needing improvement include attention to governance ...

YFYS test results not a fair representation: Frontier

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 SEP 2021
Frontier is concerned the APRA performance test does not adequately assess acceptable performance, given several of the funds that were failed actually perform better than others that passed. The asset consultant, which advises on $490 billion, said ...

Fidelity moves into SMAs

ANNABELLE DICKSON  |  WEDNESDAY, 1 SEP 2021
Fidelity International has entered the managed accounts space with the launch of its first separately managed account (SMA) with an actively managed Australian equity model. The SMA is managed by Fidelity Australian Opportunities Fund portfolio manager ...