Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 31 - 40 of 8878 results for "Trust"

Corporate super fund to be terminated

JAMIE WILLIAMSON  |  MONDAY, 8 APR 2024
Another of the few remaining standalone corporate superannuation funds will close its doors this year. After almost five decades, the Manildra Flour Mills Retirement Fund (MFMRF) has been closed to new members and will be wound up. The fund was established ...

Super advice fee deductions compound red tape: JAWG

KARREN VERGARA  |  MONDAY, 8 APR 2024
The Joint Associations Working Group (JAWG) says new laws that enable superannuation funds to deduct financial advice fees will have the opposite effect of reducing red tape and can make advice even more unaffordable. Treasury Laws Amendment (Delivering ...

Forager schedules LIT delisting

KARREN VERGARA  |  MONDAY, 8 APR 2024
... after facing continuous limited liquidity issues and persistently trading below its net asset value. The listed investment trust (LIT) is set to delist on June 14, with trades suspending on June 10. Responsible entity, The Trust Company, said the move ...

Super funds' IDR process weak, inadequate: AFCA

KARREN VERGARA  |  FRIDAY, 5 APR 2024
... the trustees' IDR process." More importantly, members who come straight to AFCA do so "because the consumer has lost trust in the trustee and is unwilling to let the trustee try to resolve the issue and/or the trustee has not correctly identified ...

GQG and Magellan see FUM growth

ELIZA BAVIN  |  FRIDAY, 5 APR 2024
... viewed as an "encouraging step forward" by Morningstar, but the research house said more would need to be done to rebuild trust. Morningstar said Magellan is still undergoing a significant renewal after co-founder Hamish Douglass departed in 2022. Douglass' ...

JANA appoints new investment trusts leads

ELIZA BAVIN  |  THURSDAY, 4 APR 2024
... strategic direction of the JANA Investment Trusts, focusing on performance and client outcomes. She joins the investment trust team after serving as co-head of infrastructure research at JANA. Schnell, who joined the company in 2017, will transition ...

Suncorp sells NZ life business to Resolution Life

JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2024
Resolution Life has acquired Asteron Life New Zealand for NZ$410 million. Resolution Life will buy the business from Suncorp Group. In doing so, it will become the second largest life insurer in New Zealand, with about 165 employees and a network of ...

Citi scores $13bn custody, admin mandate

JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2024
Citi Securities Services added an ASX-listed investment manager and advice group to its client book. Citi is now custodian, fund administration and registry services provider for Fiducian Group, having completed the migration of over 1300 assets, thousands ...

Senate Committee endorses Superannuation Objective Bill

ANDREW MCKEAN  |  WEDNESDAY, 3 APR 2024
... that passing the Bill would support the superannuation system's "effectiveness and stability" and contribute to public trust and confidence. AustralianSuper asserted the Bill would promote intergenerational fairness, ensuring young people don't ...

Macquarie executive to become chief product officer at BT

JAMIE WILLIAMSON  |  WEDNESDAY, 3 APR 2024
... behalf of 243,000 customers. Kline replaces Kathy Vincent who departed in November 2023 to become Australian Retirement Trust's chief of retirement. She has been with Macquarie for more than two decades, most recently as head of value added services ...