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Showing 861 - 870 of 3667 results for "Maintain"

NAB evades AUSTRAC fine for non-compliance

ANDREW MCKEAN  |  MONDAY, 2 MAY 2022
... statement, AUSTRAC has said it will monitor NAB's progress to ensure that actions are taken within set timeframes and maintain regular discussions with the bank. Additionally, an independent auditor will report to AUSTRAC annually on the bank's progress ...

Super's defense against economic volatility

ANDREW MCKEAN  |  FRIDAY, 29 APR 2022
... resist the urge to tinker and misuse it for short-term purposes for which it was never designed and do everything to maintain the most precious commodity - public confidence. "By letting super thrive, we will enable the Australian people to thrive."

Challenger expects to reach full-year profit guidance

ANDREW MCKEAN  |  FRIDAY, 22 APR 2022
Despite a dip in funds under management (FUM), Challenger expects to be toward the upper end of its full-year profit guidance range. Challenger reported its FUM as being $100 billion, down 8% for the quarter. The company said this fall reflected the ...

RBA eyes an early rate hike

ANDREW MCKEAN  |  WEDNESDAY, 20 APR 2022
... terms growth was below rates likely to be consistent with inflation forecasts. At the April meeting, the board decided to maintain the cash rate target at 10 basis points but change is likely over the coming months as additional evidence becomes available ...

AustralianSuper, LUCRF Super agree to SFT

JAMIE WILLIAMSON  |  MONDAY, 11 APR 2022
The two industry superannuation funds will merge in June, having signed a successor fund transfer deed. AustralianSuper and LUCRF Super have been in talks to merge since mid-2021, at the time allocating a 12-month window in which to complete due diligence ...

North ESG AUM boasts rapid growth

CHLOE WALKER  |  MONDAY, 11 APR 2022
AMP's North has added a further 13 ESG options to its investment menu as the platform records significant growth over the past calendar year. AUM for North's ESG investment range increased by about 100% to almost $600 million over the 12 months to 31 ...

28% of super products rated AAA

ELIZABETH MCARTHUR  |  THURSDAY, 7 APR 2022
Out of more than 700 superannuation products in Australia, 193 received Rainmaker Information's AAA Quality Rating in 2022. The rating reviews Australian super products, to see if they have passed a range of comprehensive benchmarks and best practice ...

ASIC pushes super governance improvements

ELIZABETH MCARTHUR  |  WEDNESDAY, 6 APR 2022
More than 20 super fund trustees have revised their internal policies after ASIC surveillance found significant deficiencies in their conflicts management arrangements relating to investment switching. ASIC's surveillance found a lack of oversight ...

YFYS changed how funds invest: JPMAM

ELIZABETH MCARTHUR  |  WEDNESDAY, 6 APR 2022
A new report from J.P. Morgan Asset Management, based on interviews with super fund chief investment officers, has revealed the far-reaching impact of Your Future, Your Super reforms on super fund investment strategies. Most notably, the reforms seem ...

LGIAsuper expands leadership as acquisition completes

JAMIE WILLIAMSON  |  FRIDAY, 1 APR 2022
LGIAsuper has finalised its acquisition of Suncorp's superannuation business, adding to its executive team in the process. The acquisition of Suncorp Portfolio Services Limited, which is the first of its kind in the Australian superannuation market ...