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Showing 861 - 870 of 3534 results for "s. First"

Results out: 13 funds fail YFYS performance test

KANIKA SOOD  |  TUESDAY, 31 AUG 2021
Big names like Colonial First State's FirstChoice, BT Super and Christian Super are among the 13 superannuation funds that failed APRA's inaugural performance test. In all, APRA tested 76 MySuper products in this round, of which 13 failed. This ...

Financial adviser levy to drop

JAMIE WILLIAMSON  |  MONDAY, 30 AUG 2021
The federal government has announced the ASIC levy paid by financial advisers will revert back to 2018/19 levels for the next two years, saving the sector at least $46 million. The levy will be restored to $1142 per adviser, as was charged in 2018/19 ...

IMAP names award winners

ANNABELLE DICKSON  |  FRIDAY, 27 AUG 2021
The Institute of Managed Account Professionals (IMAP) announced the winners of its annual awards. Proton by Nucleus Wealth took out the award for Innovation which acknowledges the operation and process of managed accounts, adoption by advisers and licensees ...

The next 20 years in Aussie ETFs

KANIKA SOOD  |  THURSDAY, 26 AUG 2021
... Bernstein The work is different to ETF product issuers, which State Street does in Australia, most notably for the country's first ETF STW, and SFY that turns 20 on Friday. As the next big themes for ETFs, Macdonald counts semi-transparent ETFs and ...

VGI Partners posts $43m in June half profits

KANIKA SOOD  |  TUESDAY, 24 AUG 2021
... Net management fees were $22.2 million and performance fees were $50.4 million for the six months ending June. "VGI's first half results reflect the firm's very strong global investment capability. In a market environment that has been significantly ...

Westpac cops $10.5m fine

ANNABELLE DICKSON  |  TUESDAY, 24 AUG 2021
ASIC has ordered Westpac to pay a $10.5 million fine after the High Court's decision that found two Westpac subsidiaries provided unlicensed personal financial advice. Westpac Securities and BT Funds Management were found to have breached their ...

Super fund reduces fees

JAMIE WILLIAMSON  |  MONDAY, 23 AUG 2021
A $10 billion industry superannuation fund dropped administration and investment fees for its 86,000 members. Australian Catholic Superannuation and Retirement Fund has reduced asset-based administration fees to 0.19% for each account balance, meaning ...

Economic recap: Week to August 13

BENJAMIN ONG  |  MONDAY, 16 AUG 2021
The Delta variant and its seeming immunity to lockdowns and extended lockdowns continue to dominate attention in Australia. Last week, the state of New South Wales (NSW) announced stricter and broader (into regions) of restrictions; the Australian Capital ...

Industry Fund Services executive departs

KANIKA SOOD  |  FRIDAY, 13 AUG 2021
Industry Fund Services' deputy general manager of unpaid super business unit has left the organisation. Pauline Olson has left IFS after 20 years, Financial Standard's sister publication Industry Moves first reported. "Her role has been absorbed into ...

Lendlease fund acquires assets

ANNABELLE DICKSON  |  MONDAY, 9 AUG 2021
... industrial locations in south west Sydney and west Melbourne and are 100% leased. The property in Campbelltown is the fund's first acquisition in south west Sydney and is a functional office warehouse facility. Meanwhile, the two properties in Altona ...