Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 8801 - 8810 of 29084 results for "PRI"

Chief economist update: The Grinch steals Christmas

BENJAMIN ONG  |  WEDNESDAY, 4 DEC 2019
The Reserve Bank of Australia (RBA) disappointed no one when it kept the official cash rate unchanged at a record low 0.75% after the conclusion of its December 3 meeting. This is perfectly rational: Monetary policy operates with a lag - it takes about ...

HUB24 announces new board appointment

ALLY SELBY  |  TUESDAY, 3 DEC 2019
Investment and superannuation platform HUB24 has appointed its first female board director. Ruth Stringer will join the HUB24 board from February 2020, using her legal expertise to assist the company's audit, risk and compliance committee. Prior to ...

Industry fund operations lead resigns

ELIZABETH MCARTHUR  |  TUESDAY, 3 DEC 2019
The executive manager of operations at a $17 billion industry superannuation fund resigned recently, with a replacement yet to be appointed. Rachel Reynolds has exited CareSuper after just under five years. Confirming the departure, CareSuper chief ...

Clime launches new income fund

KANIKA SOOD  |  TUESDAY, 3 DEC 2019
Clime Investment Management has partnered with Sequoia to launch a new fund that aims to provide a yearly income of 8%. The Clime Income Enhancer Series 1 fund will invest in four shares: Macquarie, Rio Tinto, Treasury Wines and BHP. "If any of these ...

Global firm cuts fund fees

HARRISON WORLEY  |  TUESDAY, 3 DEC 2019
A global asset manager shaved 10 basis points off the management fee of its global fixed income fund. Legg Mason cut the management fee of its $45 million Legg Mason Brandywine Global Income Optimiser Fund to 0.65% per annum, as the offering approaches ...

China still positive despite unrest

ELIZA BAVIN  |  TUESDAY, 3 DEC 2019
There is a strange tug-o-war occurring in Asia at the moment. On the one hand every man and his dog is trying to tap into the wonders of China as an emerging market, and on the other there is mayhem as one of the nation's major financial hubs suffers ...

Life insurers lost $3.4b over five years: APRA

ELIZA BAVIN  |  TUESDAY, 3 DEC 2019
The Australian Prudential Regulation Authority has launched an intervention into the life insurance market in response to ongoing heavy losses in respect of individual disability income insurance. The regulator announced a series of measures, including ...

Women in Super: A year of accomplishments

MICHELLE BALTAZAR  |  MONDAY, 2 DEC 2019
It was a busy year for Women in Super, capped last Friday with the end-of-year Christmas luncheon where the association raised $18,000 on the day for a community foundation supporting women. Lata McNulty, chair of the NSW Committee, said that in 2019 ...

Grow Super hires Qantas Super executive

KANIKA SOOD  |  MONDAY, 2 DEC 2019
Grow Super has hired Qantas Super's chief operating officer, as it looks to divest its superannuation business and pivot towards administration services. Grow Super is currently looking for a buyer for its $39 million (as at June end) of superannuation ...

Fee cuts at super fund

KANIKA SOOD  |  MONDAY, 2 DEC 2019
A retail superannuation fund has dropped the investment fees on three options by 10 bps to 19 bps, with its chair saying the cuts will help it be more competitive. Australian Ethical will now charge 40 basis points instead of the prior 50 bps per year ...