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Showing 9131 - 9140 of 28277 results for "NOT"

Lloyds, pension fund pay $250m settlement

JAMIE WILLIAMSON  |  FRIDAY, 26 JUL 2019
... outcomes for customers," Standard Life Aberdeen said. In March 2019, the arbitral tribunal found Lloyds Banking Group was not entitled to terminate the mandate and Standard Life Aberdeen has continued to manage the $186 billion in assets on behalf of ...

All options open for retirement income review

HARRISON WORLEY  |  FRIDAY, 26 JUL 2019
... contributions voluntary. Speaking to journalists yesterday, Prime Minister Scott Morrison revealed the retirement income review would not be bound by the government. Asked whether the legislated increase to the superannuation guarantee or Senator Andrew ...

Macquarie asset management business down

ELIZABETH MCARTHUR  |  FRIDAY, 26 JUL 2019
At the Macquarie Group annual general meeting chief executive Shemara Wikramanayake said the group was performing in line with expectations, despite the annuity-style businesses, including Macquarie Asset Management, being down. Addressing the AGM ...

IOOF rejigs CRO role, appoints successor

KARREN VERGARA  |  FRIDAY, 26 JUL 2019
... that one practice, which was part of its former ANZ Wealth-aligned dealer groups, has been acquired by a third party. He did not disclose which practice departed, however Mota said the firm left with $1.3 billion of FUA which had an "insignificant impact ...

Suncorp responds to shareholder resolution

ELIZABETH MCARTHUR  |  FRIDAY, 26 JUL 2019
... in annual reports. A spokesperson for Suncorp told Financial Standard: "Suncorp's exposure to the fossil fuels industry is not material, being less than 0.5% in the insurance business and investment portfolio, and a negligible proportion of our commercial ...

ASIC clamps down on opaque active ETFs

KANIKA SOOD  |  THURSDAY, 25 JUL 2019
... that use internal market making as it mulls a review, Financial Standard can reveal. ASIC has asked all market operators to not launch any new active ETFs with internal market making while it reviews the regulatory settings for non-transparent investment ...

ASIC sues ANZ over unlawful fees

KANIKA SOOD  |  THURSDAY, 25 JUL 2019
... period, despite what ANZ already knew," the regulator said in a statement. ANZ first became aware there was a risk the bank was not entitled to charge these fees in July 2011. Despite this, the bank did not report it to ASIC until 2015 and waited until ...

IPOs fewer but performing well

KANIKA SOOD  |  THURSDAY, 25 JUL 2019
Fewer companies sought to list on the ASX in the first half of the year but IPO investors were rewarded well on the listing day, according to HLB Mann Judd's biannual IPO report. Only 23 companies listed in the six months to June, raising $823 million. ...

MLC Wealth shuffles leadership

HARRISON WORLEY  |  THURSDAY, 25 JUL 2019
... management and retirement and investment solutions - in the new operating model he announced in March. "These leaders will not only ensure end-to-end accountability for client outcomes, but set up teams that are high-performing, passionate and obsessed ...

Deeming rate calculations should be independent: Poll

KARREN VERGARA  |  THURSDAY, 25 JUL 2019
... the amount of income they are actually earning. If income support recipients earn more than these rates, the extra income is not assessed," DSS said. The Combined Pensioners & Superannuants Association is pushing for deeming rates to be set independently. ...