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Showing 1161 - 1170 of 10104 results for "Trust"

APRA updates industry on operational resilience guidance

ELIZA BAVIN  |  FRIDAY, 14 JUN 2024
The Australian Prudential Regulation Authority (APRA) has released its finalised prudential practice guide to help superannuation trustees, banks and insurers strengthen their management of operational risk and improve business continuity planning. ...

Northern Trust Asset Management hires head of global ETFs, funds

JAMIE WILLIAMSON  |  THURSDAY, 13 JUN 2024
Northern Trust Asset Management (NTAM) will welcome David Abner as head of global ETFs and funds. Reporting to NTAM global head of product Paula Kar, Abner will be responsible for NTAM's mutual fund and ETF product strategy, research and development ...

ASIC issues first stop order for crowd funding

ELIZA BAVIN  |  THURSDAY, 13 JUN 2024
... Hirehood. Instead, shares issued by Hirehood were intended to be held by a related party of the intermediary, as nominee on bare trust for the shareholders," ASIC said. "For an offer to be valid under the current CSF regime, only fully paid ordinary ...

Super Members Council renews calls for anti-hawking extension

JAMIE WILLIAMSON  |  THURSDAY, 13 JUN 2024
The Super Members Council (SMC) has revived its predecessor's calls to extend anti-hawking legislation, slamming a sub-set of financial advisers using social media posts and cold calling to drum up business. Prior to its merger, the Australian Institute ...

Pengana launches new term account

ELIZA BAVIN  |  WEDNESDAY, 12 JUN 2024
... 2023 via a diversified wholesale private credit fund, followed by the successful IPO of the Pengana Global Private Credit Trust, which will list on the ASX in late June 2024 under the ticker PCX. All three products leverage Pengana's global private credit ...

Performance test covers managed accounts, SMAs: APRA

KARREN VERGARA  |  WEDNESDAY, 12 JUN 2024
The prudential regulator is reminding trustees that managed accounts and separately managed accounts (SMAs) are high on its radar when administering the performance test. APRA told trustees that SMAs and other managed accounts can fall into the TDPs ...

AustralianSuper bears brunt of complaints: AFCA

KARREN VERGARA  |  TUESDAY, 11 JUN 2024
... months of 2023 totalling 936, which was nearly three times more than other major super funds like Cbus, Australian Retirement Trust (ART), and Aware Super. New data from the Australian Financial Complaints Authority (AFCA) put Australia's largest ...

Super leaders take out King's Birthday honours

ELIZABETH FRY  |  TUESDAY, 11 JUN 2024
Four top superannuation specialists have been recognised in this year's honours list including incoming governor general Sam Mostyn, who recently stepped down as chair of Aware Super. Those celebrated for their work in superannuation also include ...

CSLR makes inaugural payments

KARREN VERGARA  |  TUESDAY, 11 JUN 2024
... industry works toward the betterment of their clients, it's unfortunate that there are a small few who take advantage of the trust bestowed on them. "Ensuring some basic consumer protections works to lift trust in the financial services industry and ...

Advisers shoulder massive wealth transfer

KARREN VERGARA  |  FRIDAY, 7 JUN 2024
... requirements get more serious and more important, then a more ordinary commercial relationship might take over." Building trust with the children, Inwood says, is layered and takes time and cannot be done in one meeting. Quoting anthropologist Robin ...