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Showing 961 - 970 of 4602 results for "RAISE"

MTAA, Tasplan reveal new brand

KANIKA SOOD  |  MONDAY, 18 JAN 2021
MTAA Super and Tasplan will take on a new name on April 1, as their $23 billion merger completes. The combined fund will be called Spirit Super and have 326,000 members and lower administration fees. MTAA Super chief executive Leanne Turner, who will ...

CSC announces new partnership

ELIZABETH MCARTHUR  |  THURSDAY, 14 JAN 2021
... awareness resources and connecting our Lifeline Ambassadors to CSC customers and CSC staff to talk about suicide prevention, to raise awareness of suicide and mental illness, to reduce stigma and encourage people who are at risk to seek help." If you ...

MLC Life appoints executive

KANIKA SOOD  |  WEDNESDAY, 13 JAN 2021
MLC Life has appointed a new chief life insurance officer, as Sean McCormack gets ready for a February 26 departure. The role is going to Michael Rogers, who has worked as QSuper's general manager for insurance while it set up its own insurer QInsure. ...

Fund manager charged with defrauding investors

ELIZA BAVIN  |  WEDNESDAY, 13 JAN 2021
A fund manager has been charged with misappropriating over US$7 million from retail investors who he had duped into believing he was an experienced and successful investment manager. The Securities and Exchange Commission in the US charged Eric Malley ...

Super funds back COVID-19 preventative drug

KARREN VERGARA  |  THURSDAY, 7 JAN 2021
Four major superannuation funds are backing a biotech company that is developing a nasal spray that claims to prevent COVID-19 and the common cold. AustralianSuper, HESTA, Hostplus and Statewide Super have joined forces with CSL, a venture capital fund ...

MLC Life Insurance raises $650 million

KANIKA SOOD  |  WEDNESDAY, 6 JAN 2021
... as its majority owner Nippon Life sees the risk of MLC Life's "stagnant" business performance continuing beyond 2021. The raise includes $530 million in ordinary equity, priced at about 86 cents per MLC Life share; and $120 million in subordinated debt ...

Former adviser pleads guilty to theft, dishonesty

KANIKA SOOD  |  TUESDAY, 22 DEC 2020
... each of dishonesty and theft at Sydney's Downing Street District Court, in relation to advising clients on a failed IPO raise from which he redirected their funds. Following the guilty plea, he will be sentenced in Sydney District Court on 20 April ...

ERS had little effect on funds: Research

ELIZA BAVIN  |  TUESDAY, 22 DEC 2020
... very different from the typical flows experienced by Australian superannuation funds, funds appear to have been able to raise the amount of liquidity needed to meet these cash withdrawals," the research said.

Woman allegedly left out of will because she was born by artificial insemination

ELIZABETH MCARTHUR  |  FRIDAY, 18 DEC 2020
One of Australia's richest families is locked in a legal dispute over their father's will, which left out a child conceived by artificial insemination. The case raises the question - are children born by sperm donors or artificial insemination ...

Cashwerkz appoints chair for Fund Income

KANIKA SOOD  |  THURSDAY, 17 DEC 2020
Cashwerkz has appointed a chair for its Fund Income business, as its first pick of Fortlake Asset Management hits $300 million in assets. Peter Coad will be a non-executive chair for Fund Income in addition to the previously-announced risk committee ...