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Westpac architects new institutional banking platformBY ANDREW MCKEAN | TUESDAY, 17 MAY 2022 12:54PM
Westpac has begun work on a new transactional platform for institutional clients, using UK technology provider 10x Banking to provide the core technology.
Read more: Westpac, 10x Banking, Antony Jenkins, Anthony Miller, Institutional banking
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The industry fund has reduced asset-based administration fees across Rest Super, Rest Corporate and Rest Pension, saying its total fees are now at least 25% less than the industry average.
Members of the Authorised Representatives Association (ARA), have voted to close the 40-year-old association and merge with The Advisers Association (TAA).
Mercer Financial Advice is being sued by ASIC over fee for no service conduct that continued after the Royal Commission and impacted members of both a corporate and government super fund.
Federal Reserve chair Jerome Powell flagged that the US Federal Reserve had to raise rates rapidly to mitigate higher inflation, even if that increased recession risks.
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Infographic: FROM AUSTRALIA'S LEADING GOLD ETF ISSUER.
GENERAL MANAGER, INVESTMENTS
A determined spirit has underscored all that Jane Kang has achieved so far, and that spirit is lending itself well to Prime Super, its members and its investments. Andrew McKean writes.