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Showing 871 - 880 of 2997 results for "February 11"

Another MLC advice firm exits group

KARREN VERGARA  |  TUESDAY, 6 OCT 2020
A former MLC-licensed financial advice firm has left the dealer group following the IOOF takeover to join FYG Planners Group. Queensland-based Designing Financial Solutions (DFS), led by principal and financial planner Kevin Redfearn, is now operating ...

Trustees cutting corners: Rowell

KARREN VERGARA  |  FRIDAY, 2 OCT 2020
The prudential regulator has lambasted superannuation funds for not taking underperformance seriously and failing to compare themselves accurately against their peers. APRA deputy chair Helen Rowell said that many superannuation funds are overlooking ...

VFMC chief joins ING board

KANIKA SOOD  |  FRIDAY, 2 OCT 2020
The Victorian-government-owned fund manager's chief has joined the board of ING. Lisa Gray was appointed a non-executive director on ING Australia's board on September 21. She has 30 years of experience with senior executive roles at NAB, MLC, Plum ...

MySuper funds redeem performance

KARREN VERGARA  |  FRIDAY, 2 OCT 2020
MySuper funds continue to recoup coronavirus-induced losses, as the latest Rainmaker research finds default products have on average gained three out of every four dollars lost in February and March. The 2021 financial year kicked off in positive territory ...

BABL named, shamed over Great Southern

ELIZABETH MCARTHUR  |  WEDNESDAY, 30 SEP 2020
Bendigo and Adelaide Bank Limited (BABL) has been singled out as breaching the Code of Banking Practice within its Great Southern Loans business unit. The Banking Code Compliance Committee (BCCC) said in its annual report that the BABL breaches occurred ...

Pension funds sue Allianz Global Investors

KARREN VERGARA  |  TUESDAY, 29 SEP 2020
Several pension funds are suing hedge funds managed by Allianz Global Investors for allegedly engaging in risk-taking behaviour and losing billions of dollars in retirement savings. The Arkansas Teacher Retirement System (ATRS) was the first pension ...

Watermark LIC seeks restructure

KANIKA SOOD  |  MONDAY, 28 SEP 2020
A Watermark-managed LIC is proposing to convert to an unlisted managed fund, as a group of investors seek to replace Geoff Wilson and John Abernethy on its board. The Australian Leaders Fund (ASX: ALF) will seek court and shareholder approval to convert ...

Portfolio insurance provides strong protection: Research

ELIZA BAVIN  |  THURSDAY, 17 SEP 2020
Australians need to consider more sustainable income flows as a future investment objective or risk not having adequate retirement savings, according to research from the Centre for Excellence in Population Ageing Research (CEPAR). CEPAR senior research ...

Chief economist update: China's post-pandemic economy

BENJAMIN ONG  |  WEDNESDAY, 16 SEP 2020
"I guess it also rings a bell for some countries, which are still struggling to fight COVID-19, that without strict measures, the virus won't be fended off. We fought hard, this is our payback." Zhang Yong, a small taxi company owner in Wuhan, is ...

Citi names global chief executive

KARREN VERGARA  |  MONDAY, 14 SEP 2020
Citi has appointed Jane Fraser to the role of chief executive as the incumbent retires after nearly four decades with the firm. Michael Corbat has been at the helm for the last eight years and will step down from official duties in February of 2021. ...