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Northern Trust chair defends Woodford loanBY ELIZABETH MCARTHUR, KANIKA SOOD | TUESDAY, 17 SEP 2019 12:08PM
Northern Trust chair and chief executive Michael O'Grady has defended the company giving an embattled Neil Woodford fund added flexibility on a £150 million loan.
Read more: Northern Trust, Woodford Patient Capital Trust, WPCT, LIBOR, Neil Woodford, IHS Markit, Link Fund Solutions, Michael O'Grady, Woodford Equity Income Fund
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Victoria Funds Management Corporation has promoted a senior portfolio manager to head of equities, and hired from outside the company to fill the vacant role
COVID-19 has seen more than half a million Australians lose their jobs and countless businesses shuttered but for SMSF trustee landlords offering rent relief to those facing financial hardship could mean they fail to meet the sole purpose test.
Liberal MP Tim Wilson has written to APRA chair Wayne Byres urging the regulator to conduct an investigation into vertical integration at industry super funds and related conflicts of interest.
A corporate superannuation fund has pushed back its date of a planned successor fund transfer to Sunsuper by a year and is prepping members for potential future delays from COVID-19.
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