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Showing 941 - 950 of 5869 results for "July"

Brighter Super makes changes to insurance offering

JAMIE WILLIAMSON  |  WEDNESDAY, 21 SEP 2022
... fund said. Meanwhile, the way the premiums are charged is also changing. Currently they are charged using members' age as at July 1 each year. Going forward they will be charged using a members' current age. "This change is being made to make it easier ...

Aware Super deepens TAL relationship

JAMIE WILLIAMSON  |  WEDNESDAY, 21 SEP 2022
... help us continue to offer the best benefits we can for our 1.1 million members." MetLife served as VicSuper's insurer since July 2018, taking over the mandate from AMP which had held it since 1994 (then known as National Mutual). The change is effective ...

AMP cops $14.5m penalty over fees for no service

JAMIE WILLIAMSON  |  TUESDAY, 20 SEP 2022
... employer and no longer having access to the services, they continued to be automatically charged the advice fee. Between July 2015 and September 2018, AMP deducted more than $350,000 in fees even though it was aware these members had ceased their employment. ...

Former financial adviser pleads guilty

CASSANDRA BALDINI  |  TUESDAY, 20 SEP 2022
... without the knowledge or authorisation of either the clients or Picture Wealth. The regulator added that between May and July 2020, Wertheimer also lodged five investment instruction documents with Netwealth that provided directions to deal with financial ...

AMG Super to rebrand

JAMIE WILLIAMSON  |  MONDAY, 19 SEP 2022
... high-quality superannuation products and great service," AMG Super said. According to Rainmaker Information, in the year to July end AMG's MySuper option ranked 50 th, returning -5.1%. The median return for the same period was -2.0%. Over three years ...

Inconsistencies across RIC strategies: Mercer

ANDREW MCKEAN  |  FRIDAY, 16 SEP 2022
... Covenant, trustees set out how they'll help members with their retirement outcomes, making summaries publicly available in July. Mercer said: "We found variations in size, detail, target audience and messaging." "Some trustees have adopted a compliance-based ...

Apex Group wins Laguna Bay mandate

CHLOE WALKER  |  FRIDAY, 16 SEP 2022
... them distribute their products in New Zealand. The acquisition included the InvestNow platform with over 25,000 users. In July, Apex Group was also appointed by South-African-based Foord Asset Management to assist with its expansion into the local ma ...

Will listed infrastructure protect portfolios during market downturn?

CASSANDRA BALDINI  |  THURSDAY, 15 SEP 2022
... infrastructure were significantly affected in 2020 by the market volatility at the beginning of the pandemic. "As of the end of July 2022, global equities have faced a period of significant negative performance, particularly in the last seven months ...

NZ Super shifts $25bn to low carbon indices

RACHEL ALEMBAKIS  |  WEDNESDAY, 14 SEP 2022
... Aligned Index and the MSCI Emerging Markets Climate Paris Aligned Index in June, with the new benchmark taking effect on 1 July 2022. The changes apply to the fund's reference portfolio benchmark and its passive investments in global equities. The fund ...

Stop orders placed on property funds

CHLOE WALKER  |  WEDNESDAY, 14 SEP 2022
... market or specify mandatory review periods. The stop order for both funds is valid for 21 days unless revoked earlier. In late July ASIC used its powers under the DDO regime to place interim stop orders on three financial firms. These were Responsible ...