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Showing 861 - 870 of 6249 results for "December 16"

Religious carve outs for faith-based super funds are dead

ANDREW MCKEAN  |  WEDNESDAY, 30 NOV 2022
The carve out from the Your Future, Your Super (YFYS) performance test for faith-based funds has been axed by the government, despite it being an election policy. In December 2021, the government said it would adjust the performance test to account ...

AFA, FPA merger in best interests

CASSANDRA BALDINI, CHLOE WALKER  |  THURSDAY, 24 NOV 2022
In offering an update on the proposed merger with the Association of Financial Advisers (AFA), Financial Planning Association of Australia (FPA) chair David Sharpe said he is hoping to have the full support of members and, despite speculation, a new ...

No big surprises, Levy promises

CASSANDRA BALDINI  |  WEDNESDAY, 23 NOV 2022
Fronting the FPA Professionals Congress, Quality of Advice Review chair Michelle Levy confirmed there will be no big surprises in her final proposals, due December 16. Appearing alongside FPA chief executive Sarah Abood, Levy explained she has been ...

Super fund overhauls investment direction

JAMIE WILLIAMSON  |  MONDAY, 21 NOV 2022
Professional Super will soon change the way its funds are invested, in a move expected to improve member outcomes. It will also introduce a loyalty program to help members save on fees. The fund, which is a sub-plan of the Tidswell Master Trust and ...

Super is enabling private market democratisation: PGIM

ANDREW MCKEAN  |  FRIDAY, 18 NOV 2022
Superannuation funds are playing a huge role in democratising private markets, making them more accessible to retail investors, PGIM vice president, head of thematic research Shehriyar Antia told Financial Standard. "Until recently, private markets ...

NGS Super chair to retire

JAMIE WILLIAMSON  |  THURSDAY, 17 NOV 2022
After a decade in the role, Dick Shearman is retiring as chair of NGS Super. Shearman joined the NGS board in 2012 as a member representative director and became chair that same year. At the time, it had $4.4 billion and has since grown to $13 billion ...

Zurich Australia appoints investment chief

ANDREW MCKEAN  |  WEDNESDAY, 16 NOV 2022
Zurich Australia has promoted Mathew Drennan to chief investment officer, effective December 1. Previously, Drennan served as head of savings and investments, having held this position since March 2018. A spokesperson for Zurich said: "He brings a wealth ...

Magellan seeks $1m increase to director fees

ANDREW MCKEAN  |  TUESDAY, 15 NOV 2022
Magellan is seeking to increase the maximum remuneration paid to all non-executive directors from $750,000 to $1.75 million. Magellan has scheduled an Extraordinary General Meeting to vote on the matter on December 14. The last time shareholders approved ...

Former Courtenay House director pleads guilty

CASSANDRA BALDINI  |  WEDNESDAY, 9 NOV 2022
Former Courtenay House Companies director Tony Iervasi has pleaded guilty to conducting a $180 million Ponzi scheme. Iervasi, who tricked 585 investors into falling for one of the nation's biggest Ponzi schemes, appeared yesterday in the Downing ...

Packhorse lists cattle stations for sale

CHLOE WALKER  |  MONDAY, 7 NOV 2022
Packhorse Pastoral Company has listed a portfolio of three large stations for sale, following the passing of its co-founder Tom Strachan earlier this year. Strategically acquired over the past three years, the Queensland and New South Wales pastoral ...