APRA freezes Strategic Capital Superannuation FundWEDNESDAY, 19 MAR 2003 10:10AMThe Australian Prudential Regulation Authority (APRA) today froze the $24 million of assets held by the Perth-based trustee of the Strategic Capital Superannuation Fund and launched an investigation into the fund to “provide a comprehensible picture of its financial position and establish whether any members’ funds are at risk.”
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T. Rowe Price appoints local operations chief
T. Rowe Price, the global asset manager with over US$1.3 trillion in assets under management, has appointed a regional operating chief who will relocate to Sydney from the London office.
Vanguard backs current performance test
Vanguard has endorsed the current performance test methodology in a submission to Treasury, championing its effectiveness in eliminating underperforming investment options and improving member outcomes.
Sequoia chair steps down
The chair of Sequoia Financial Group, John Larsen, has resigned from the position and his replacement has been appointed.
Court approves $16m DASS settlement
The Federal Court has approved the settlement reached in the $16 million class action brought against Dixon Advisory & Superannuation Services (DASS) following a two-week delay.
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Fiona Mann
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BRIGHTER SUPER
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Brighter Super head of listed equities and ESG Fiona Mann was shaped by a childhood steeped in military-like discipline and global nomadism. Andrew McKean writes.
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