07/18/2019

ISA lays out $416bn super saving plan

The research acts on recommendation 3.5 of the Royal Commission's final report, which suggested Australians should retain one default super account, and the development of machinery to staple a person to a single default account

07/17/2019

State Street opens new office in S. Korea

State Street anticipates signing the lease on its new office in August, and in the meantime, it will start operations in its temporary office located in a co-work space in Jeonju City.

07/17/2019

Super funds keen on alternatives managers

Of the total mandates appointed, 44% were for alternatives strategies, 30% was for equities, 14% for bonds/cash mandates and 12% for property mandates.

07/16/2019

Nomura ordered to pay back US $25m

The SEC's orders further found that Nomura lacked compliance and surveillance procedures that were reasonably designed to prevent and detect this misconduct, which inflated the firm's profits on CMBS and RMBS transactions at its customers'

07/15/2019

Super fund to reduce admin costs

"It will set us up to be a market-leading, boutique superannuation fund that offers exceptional performance, service and value to our members."

07/15/2019

AMP Life sale blocked

The RBNZ's approval is required due to the branch structure, which exempts AMP Life from a number of legislative requirements in New Zealand.

07/15/2019

Super fund launches new options

This option would be suitable for 45-65 year olds whose debts and expenses are either reducing or paid off, or for those planning for retirement.