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Showing 961 - 970 of 3244 results for "Employee"

Franklin Templeton completes acquisition

ELIZA BAVIN  |  MONDAY, 3 AUG 2020
Franklin Templeton has officially completed its acquisition of investment manager Legg Mason, creating one of the world's largest specialist managers. Franklin Resources, a global investment management organisation with subsidiaries operating as Franklin ...

Wealth manager takes massive profit hit

ELIZA BAVIN  |  FRIDAY, 31 JUL 2020
A global pandemic and subsequent market volatility have hit wealth manager AMP, taking a near 50% profit hit compared to the same period last year. AMP provided an update on its 2020 interim operating earnings to the ASX, citing the impact from market ...

Another merger at First State Super

KANIKA SOOD  |  THURSDAY, 30 JUL 2020
First State Super and WA Super signed a memorandum of understanding and entered due diligence on March 4 this year. The funds are expected to finalise a merger by November 30. WA Super, the smaller of the two, will get low fees, greater investment options ...

Ironbark restructures two funds

KANIKA SOOD  |  WEDNESDAY, 29 JUL 2020
Ironbark Asset Management has appointed two managers as it restructures two previously multi-manager funds with the aim of improving liquidity and pricing. The Ironbark LHP Diversified Investments was previously managed by Lighthouse Partners, which ...

Good quarter but bad year for US instos

KANIKA SOOD  |  WEDNESDAY, 29 JUL 2020
... median return of 11.14% in the three months to June but year-to return date segments stand at -3.8%. Corporate ERISA [Employee Retirement Income Security Act] pension plans returned 10.55% at the median in June quarter. Median ERISA pension plan had ...

Insurers COVID-19 response slammed

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 JUL 2020
... "The type of disability insurance people get depends on their employment status - if they're a full time, permanent employee they're likely to be fully covered but casuals are likely to receive limited cover. That limited cover involves assessing ...

Corporate super plan appoints chair

KANIKA SOOD  |  MONDAY, 27 JUL 2020
A corporate superannuation plan has appointed a new chair from Frontier Advisors, as the incumbent retires after 16 years. Gabriel Szondy will chair the Alcoa of Australia Retirement Plan, which manages retirement savings for the employees of Alcoa ...

US pension funds form trading alliance

ALLY SELBY  |  FRIDAY, 24 JUL 2020
Four US pension funds have partnered to form the Global Peer Financing Association (GPFA), in a bid to increase and encourage peer-to-peer trading activity in the securities lending and repo markets to benefit asset owners. California Public Employees' ...

NULIS calls for clearer regulatory definitions

ELIZA BAVIN  |  FRIDAY, 24 JUL 2020
NULIS said it intends to explore opportunities to enhance its intra-fund advice offering, but requires more concise regulatory definitions before it can proceed. In a written response submitted to the House of Representatives Standing Committee on Economics ...

Pension funds apply pressure on climate change

ELIZABETH MCARTHUR  |  THURSDAY, 23 JUL 2020
Some of the largest pension funds in the US have sent letters to their government urging action on climate change after a proposal sought to limit their ESG investing capabilities. The California State Teachers Retirement System (CalSTRS), which has ...