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Showing 1071 - 1080 of 10112 results for "Trust"

ART appoints chief financial officer, promotes managers

ELIZABETH FRY  |  FRIDAY, 16 AUG 2024
Australian Retirement Trust will welcome a new chief financial officer in October. It comes as the fund also adds three new leadership positions to its investments function. Phil Fraser will take over as chief financial officer on October 1, replacing ...

Hostplus adds investment options, makes fee changes

ELIZA BAVIN  |  FRIDAY, 16 AUG 2024
Hostplus has announced it is introducing three new investment options for members from October 1. The super fund said the new options are Indexed Growth, Indexed Conservative Balanced and Indexed Capital Stable. Indexed Growth will target 2.5% above ...

GQG's FUM rockets to record US$155.6bn

ANDREW MCKEAN  |  FRIDAY, 16 AUG 2024
... 30. GQG chief executive Tim Carver said that the net flows have exceeded the business' expectations and reflects clients' trust in its approach, driven by consistent long-term returns. Notably, all its strategies have outperformed their respective benchmarks ...

SEC seeks to shut down $450m Ponzi scheme

JAMIE WILLIAMSON  |  THURSDAY, 15 AUG 2024
... concerned that any settlement could see the transfer of misappropriated funds to her. "Drive Planning and Burkhalter gained the trust of everyday people and encouraged them to invest in this scheme by promising exorbitant returns, but as our complaint ...

Fiducian posts strong result, share price jumps

ANDREW MCKEAN  |  THURSDAY, 15 AUG 2024
Fiducian Group has reported that its underlying net profit after tax (NPAT) has risen 17% to $17.7 million in FY24, while its statutory net profit after tax increased 22% to $15 million. Fiducian's underlying earnings per share grew 17%, from 48 ...

'Our patience is running thin': ASIC

ELIZA BAVIN  |  THURSDAY, 15 AUG 2024
Australian Securities and Investments Commission (ASIC) commissioner Simone Constant did not hold back when addressing superannuation trustees at an industry event yesterday. Constant said the regulator expects much more from super funds in being transparent ...

Super performance test needs personal rate of return: Adviser

KARREN VERGARA  |  THURSDAY, 15 AUG 2024
APRA's annual superannuation performance test fails to consider results where it truly matters - at the member level - and ends up missing the mark on ensuring positive member outcomes, according to a financial advice expert advocating for better ...

ASX sued by ASIC for alleged misleading statements

ELIZA BAVIN  |  WEDNESDAY, 14 AUG 2024
... have any reasonable basis to imply the project was on track to meet future milestones. "ASX's statements go to the heart of trust in the integrity of our markets. We believe this was a collective failure by the ASX board and senior executives at the ...

APRA reprimands Cbus, BUSSQ over governance issues

ANDREW MCKEAN  |  WEDNESDAY, 14 AUG 2024
APRA has imposed additional licence conditions on Cbus and BUSSQ over governance concerns in the wake of the CFMEU scandal. The prudential regulator's additional licence conditions stipulate that Cbus' trustee, United Super, and BUSSQ bring ...

Custody assets exceed $5tn milestone

JAMIE WILLIAMSON  |  TUESDAY, 13 AUG 2024
... Spirit Super taking its mandate to J.P. Morgan, Brighter Super swapping to State Street, and Equip Super moving to Northern Trust. As for assets under administration, Northern Trust tops the ranks with $261 billion, followed by J.P. Morgan and Apex G ...