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Showing 1181 - 1190 of 10107 results for "Trust"

HESTA pushes for expediated advice reforms

ANDREW MCKEAN  |  MONDAY, 3 JUN 2024
HESTA has reported a "real shift" in how its members want to engage with their superannuation, leading it to urge the government to release tranche two of the Quality of Advice Review reforms. The $89 billion industry fund noted a strong demand for ...

Super funds slash external mandates by 54%

KARREN VERGARA  |  FRIDAY, 31 MAY 2024
... $13 billion respectively. SSGA is a big winner in the leagues tables with two major mandates with Australian Retirement Trust (ART) - global equities and alternatives - worth $41.6 billion and $40 billion respectively. Aware Super self-manages its cash ...

ASIC tells super funds to 'step it up'

ELIZA BAVIN  |  FRIDAY, 31 MAY 2024
Speaking at the Australasian Investor Relations Association event, Australian Securities and Investments Commission (ASIC) commissioner Simone Constant gave a stern warning to Australian superannuation funds. Constant said financial reporting of listed ...

Vision Super chair departs

JAMIE WILLIAMSON  |  THURSDAY, 30 MAY 2024
Lisa Darmanin, Vision Super's chair for almost three years, has stepped down to become a Senator for Victoria. Darmanin was the fund's first female chair, having held the role since July 2021. She replaced Geoff Lake, under whom she served as ...

Forged documents see former adviser banned

JAMIE WILLIAMSON  |  THURSDAY, 30 MAY 2024
A former Capstone Financial Planning adviser who forged clients' signatures to steal from them is now permanently banned. Christopher Nairn was found by ASIC to have falsified numerous documents by forging client signatures to gain access to and misappropriate ...

BlackRock has most valuable brand, study finds

JAMIE WILLIAMSON  |  THURSDAY, 30 MAY 2024
... Coming in third was Vanguard at US$6 billion. Meanwhile, for value PIF leads among SWFs due to its investment strategy, trust in its name, brand awareness, and for being a catalyst for advancement, Brand Finance said. On PIF, it said: "PIF has the single ...

Super fund engagement peaks among members with $250k+ balances: Report

ANDREW MCKEAN  |  THURSDAY, 30 MAY 2024
... last year, especially among self-directed members aged 45-65. For this group, key triggers include job changes, lack of trust, and poor fund performance. "The persistently high switching intentions among self-directed members highlight the opportunity ...

ASIC suspends AFSL for six managed investment schemes

ELIZA BAVIN  |  THURSDAY, 30 MAY 2024
... of six registered managed investment schemes: the Aurora Absolute Return Fund, HHY Fund, Aurora Property Buy-Write Income Trust, Aurora Global Income Trust, Aurora Fortitude Absolute Return Fund and Aurora Dividend Income Trust. ASIC found Aurora failed ...

Super pool jumps to $3.9tn

KARREN VERGARA  |  WEDNESDAY, 29 MAY 2024
Superannuation assets soared to $3.9 trillion, jumping 11.3% at the end of March despite the number of APRA-regulated funds shrinking. The latest APRA statistics show that a wave of contributions drove the momentum as well as investments returning 10.9% ...

Former Queensland adviser struck off permanently

ANDREW MCKEAN  |  WEDNESDAY, 29 MAY 2024
... sentencing Gordon, the presiding Judge condemned his actions as "deliberate, fraudulent and unforgiveable given his position of trust" and noted that his conduct involved people's livelihood. The Judge also highlighted his lack of effort to make restitution ...