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Showing 8911 - 8920 of 29084 results for "PRI"

Trustee firm, super fund in hot water

JAMIE WILLIAMSON  |  WEDNESDAY, 6 NOV 2019
ASIC has commenced Federal Court action against Sargon-owned Tidswell Financial Services and the promoter of mobiSuper over breaches of best interest obligations. Filed with the South Australian Federal Court, the corporate regulator is taking action ...

Antares hires from Gandel family office

KANIKA SOOD  |  TUESDAY, 5 NOV 2019
MLC Asset Management's Antares Equities business has hired a senior analyst from billionaire John Gandel's family office, as it launches a new fund. Winston Chong is joining Antares Equities' investment team of nine people which manages $5.1 billion ...

Sunsuper, QSuper confirm merger talks

HARRISON WORLEY  |  TUESDAY, 5 NOV 2019
The two industry funds are in talks over a possible merger, one which would see the creation of Australia's largest superannuation fund. Queensland-based industry superannuation funds Sunsuper and QSuper have confirmed they are locked in discussions ...

Industry fund experience lead departs

JAMIE WILLIAMSON  |  MONDAY, 4 NOV 2019
The head of member experience at an industry superannuation fund has left after just four months in the role. Beth Parkin was appointed head of member experience at Club Plus Super in April of this year but departed the fund in July. She has since left ...

Boutique hires CBA's credit strategy lead

KANIKA SOOD  |  MONDAY, 4 NOV 2019
A Melbourne boutique has hired Commonwealth Bank's highly-regarded head of credit strategy, as it launches two new funds. Scott Rundell is joining Mutual Limited as its head of research and strategy in a newly-created role. Mutual Limited was started ...

WTW launches first Australian-domiciled fund, names RE

ELIZA BAVIN  |  MONDAY, 4 NOV 2019
Willis Towers Watson (WTW) has launched its first Australian-domiciled fund and appointed a responsible entity. The Global Equities Focus Fund (GEFF) will launch this month and "capture only the best investment ideas from the world's top global ...

Chief economist update: Good news is good news

BENJAMIN ONG  |  MONDAY, 4 NOV 2019
It's beginning to look a lot like Christmas has come early... and Thanksgiving too. Wall Street benchmark equity indices rallied at the close of trading last week: The S&P 500 added 1.0% to a new all-time high; the Nasdaq closed 1.1% up but not ...

Platform hints at aggressive expansion

ELIZABETH MCARTHUR  |  FRIDAY, 1 NOV 2019
The first quarterly results under Xplore Wealth's new chief executive Michael Wright are out and he has hinted at an expansion plan for all of the firm's businesses, including adding more sub-plans to its superannuation offering. Xplore's ...

FASEA chief unaware of dwindling adviser numbers

JAMIE WILLIAMSON  |  FRIDAY, 1 NOV 2019
FASEA chief executive Stephen Glenfield refused to acknowledge the impact increased education requirements has had on financial adviser numbers during a recent Senate Estimates hearing. Appearing before the committee, Glenfield was asked by Liberal ...

Macquarie wealth fees income down 14%

KANIKA SOOD  |  FRIDAY, 1 NOV 2019
Macquarie bank's income from wealth management fees fell 14% in the six months to September end compared to the same period last year, while the bank pivots its advice business to focus on high-net-worth clients. Macquarie collected $144 million ...