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Showing 1011 - 1020 of 4000 results for "Administration"

State Street appoints APAC head of asset managers

KANIKA SOOD  |  MONDAY, 10 MAY 2021
... trusted advisor for asset managers in the region." State Street had $40.3 trillion in assets under custody and/or administration and $3.6 trillion in assets under management at March end. It has been in APAC for almost 40 years and is the biggest institutional ...

Statewide not contesting ASIC allegations

KANIKA SOOD  |  MONDAY, 10 MAY 2021
The $10.8 billion industry fund will not contest ASIC's March allegations against the fund regarding administration of group insurance policies. O n March 4, the corporate regulator commenced civil penalty proceedings against Statewide alleging it had ...

Macquarie Wrap reaches new milestone

ANNABELLE DICKSON  |  MONDAY, 10 MAY 2021
The Macquarie Wrap platform has hit new heights, recording over $100 billion in assets under administration. As at 31 March 2021, Macquarie Wrap has $101.4 billion in AUA, 21% market share and annual flows of $4.9 billion. Head of wealth product and ...

AMP trims platform fees

KANIKA SOOD  |  THURSDAY, 6 MAY 2021
... Australia is reducing fees on its platforms, in a bid to attract more clients. Its flagship MyNorth wrap reduced administration fees by up to 22% effective May 1 for balances above $250,000. Administration fee caps for individuals are reducing by $400 ...

Generation Life awards tech mandate

KARREN VERGARA  |  WEDNESDAY, 5 MAY 2021
... provide pricing and reporting for its investment bonds. Financial Risk Solutions (FRS) will provide an investment administration solution for its new investment-linked lifetime annuity and existing investment bond business. The software, InvestPro, provides ...

ASIC not recommending general advice change

JAMIE WILLIAMSON  |  WEDNESDAY, 5 MAY 2021
... The findings follow ASIC's win over Westpac in the High Court in February, confirming that Westpac Securities Administration and BT Funds Management did provide personal financial advice in calls made to 14 customers regarding their superannuation. ...

LGIAsuper picks custodian for merged fund

KANIKA SOOD  |  TUESDAY, 4 MAY 2021
... merged fund, including the two incumbents. NAB Asset Servicing will take over from June 1, and provide custody, administration, middle office services and centralised portfolio management. The Energy Super merger comes into effect on July 1 while Suncorp ...

ClearView appoints head of life strategy

KANIKA SOOD  |  MONDAY, 3 MAY 2021
... and scale. "The cornerstone of the transformation program is the delivery of an integrated life insurance policy administration system, underwriting rules engine and adviser portal to coincide with the launch of a new life insurance offer in the second ...

Labor won't support YFYS Bill in current form

KANIKA SOOD  |  FRIDAY, 30 APR 2021
... released draft regulation for the reforms, incorporating two of the many demands from the industry: inclusion of administration fees and unlisted local assets in the performance benchmarking. However, the government is still sticking to other contested ...

Outflows continue at IOOF

KANIKA SOOD  |  THURSDAY, 29 APR 2021
IOOF ended March quarter with $203.9 billion in funds under management and administration, after significant outflows from advice and pensions business. The March end FUM was $1.5 billion higher than the previous quarter, and primarily driven by a $5.4 ...