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| | | Magellan experienced $1.1 billion in net outflows from March 11 to March 31. The outflows were made up of $500 million in retail outflows and $600 million in institutional outflows. The fund manager also announced to the ASX that it has received notification ... |
| | | | REI Super has added two financial services veterans to its board, with one joining as deputy chair. Geoff Peck and Craig Dunstan joined the super fund's board this month as independent directors, with Peck also appointed deputy chair. Peck has held ... |
| | | | The $14 billion industry fund, NGS Super, has made some changes to investment options - including closing its socially responsible option - and altered fees. NGS is closing its Socially Responsible Diversified option to new members from 20 April 2022. ... |
| | | | After announcing it would launch this month, PIMCO has canned its long-awaited Global Income Opportunities Trust, citing inadequate demand. The LIT was first announced in November 2019 and planned for a March 2020 launch, however, was delayed due to ... |
| | | | The investment manager has disclosed the loss of a substantial institutional mandate and, in a separate matter, seen the details of a 2018 misconduct investigation aired by the UK regulator. Overnight GAM International announced an unnamed institutional ... |
| | | | Contrary to most other years, the superannuation industry has escaped unscathed from the Federal Budget, but not everyone is happy about it. Last night's Federal Budget saw no major changes to superannuation, with the Association of Superannuation Funds ... |
| | | | With everything from the price of petrol and groceries to rent and childcare seemingly on the rise, the federal government has sought to target cost of living concerns in its 2022-23 budget with a number of temporary spending measures. For starters ... |
| | | | The 2022 Federal Budget delivered a cash splash for the defence forces and cost of living support, including a cut to the fuel excise. The deficit for 2022-23 is expected to be $78 billion, 3.4% of GDP. Treasurer Josh Frydenberg announced the fuel excise ... |
| | | | The new Federal Budget includes a series of measures aimed at addressing issues that impact women's health, safety and economic success. Most notably, the government has committed to modernising the Commonwealth Paid Parental Leave scheme - which currently ... |
| | | | Australia's recent natural disasters, including the devastating floods in New South Wales and South-East Queensland, have prompted a Federal Budget response. "Nothing I say can overcome the personal pain and loss of so many Australians. We will stand ... |
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