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Showing 941 - 950 of 3206 results for "Scheme"

Super SA to close growth option

ELIZABETH MCARTHUR  |  TUESDAY, 8 DEC 2020
... Investments in this option will automatically be switched into the high growth option from 3 February 2021. For Super SA Lump Sum Scheme members, any funds in the growth option will be moved to the balanced option from the same date. Additionally, the ...

Link takeover heats up

KARREN VERGARA  |  TUESDAY, 8 DEC 2020
... consortium bid to acquire Link Group. SS&C Technology Holdings is offering $5.65 per share to acquire 100% of Link via a scheme of arrangement. Link shares closed at $4.96 on December 7 and jumped as high as 13% to $5.61 mid-morning, the day after SS&C ...

ASIC consults on consumer remediation

ELIZABETH MCARTHUR  |  THURSDAY, 3 DEC 2020
ASIC has released a consultation paper to update the regulatory guide on client review and remediation conducted by financial advice licensees. Regulatory Guide 256: Client review and remediation conducted by advice licensees will be clarified through ...

Best super, pension fund revealed

JAMIE WILLIAMSON  |  THURSDAY, 3 DEC 2020
... State - FirstWrap Super. Meanwhile, QSuper has been crowned best-value MySuper product ahead of Energy Industries Super Scheme (EISS Super) and Russell iQ. By asset class, Prime Super received the award for best property super product, best fixed interest ...

Pinnacle executive director steps back

KANIKA SOOD  |  WEDNESDAY, 2 DEC 2020
... remuneration of $195,000 per year. He will also repay by 2020 the PNI-extended loans to participate in long-term incentive scheme, which Future Fund has previously voted against. "It is anticipated that Adrian is likely to transition to a non-executive ...

Pension plan sued for expensive, active strategy

KARREN VERGARA  |  WEDNESDAY, 2 DEC 2020
US-based Fidelity Investments has been caught up in a class action that alleges a major pension plan exposed members to risky, expensive actively-managed investments instead of allocating to safer passive options. The complaint, filed against Coca-Cola ...

ERS costs big super funds

ELIZA BAVIN  |  MONDAY, 30 NOV 2020
As applications for the early release of super (ERS) scheme slow down, the nation's biggest funds have taken the brunt of the payments. Of the $36 billion paid out so far, the 10 funds with the highest number of applications received from the ATO have ...

Exemptions to AFSLs explained by ASIC

ELIZA BAVIN  |  THURSDAY, 26 NOV 2020
... services licence. The regulator stressed that a trustee which issues, varies or disposes of interests in an unregistered scheme must generally hold an AFSL authorising it to deal in a financial product by issuing, varying or disposing of interests in ...

Super sneaks back to $3tn in assets

ELIZA BAVIN  |  TUESDAY, 24 NOV 2020
... 2020 quarter, according to the latest statistics from APRA. Despite the effects of the government's early release of super scheme, coupled with market volatility and a sharp economic downturn, the super system has staged a comeback. Total contributions ...

JobKeeper saved 700,000 jobs: RBA

ELIZA BAVIN  |  TUESDAY, 24 NOV 2020
... may become more pronounced over time as the economy recovers'." Despite this, the central bank concluded that without the scheme employment losses would have been twice as large over the period to August. The RBA added that policymakers should not assume ...