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Showing 101 - 110 of 503 results for "Master Trust"

AMP to cull super trustee, five funds

HARRISON WORLEY  |  THURSDAY, 9 JAN 2020
... (ASL) and five of its seven super funds by June 30. Following the change, AMP will retain just two super funds: a master trust called Super Direction Fund (SDF), and its Wealth Fund, with NM Super acting as the trustee for both. Part of the change will ...

Masterfunds up $26 billion

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 JAN 2020
... by 21.6% due to the StatePlus transfer, excluding this numbers would have been up by less than 1%. The top three master trust providers are BT ($36.2 billion), AMP ($31.6 billion) and ANZ ($20.1 billion) and between them control 81% of the market.

Link Group enters UK market

ELIZA BAVIN  |  WEDNESDAY, 13 NOV 2019
... the administration for Smart's UK workplace pension operations, including the administration of the Smart Pension Master Trust. Susan Ring will lead the new UK initiative on behalf of Link as well as continuing her role as chief executive, corporate ...

Adviser tampered with MySuper

ELIZABETH MCARTHUR  |  FRIDAY, 1 NOV 2019
A former Aon Hewitt adviser copped an ASIC ban after he was found to have stopped 331 Aon Master Trust default superannuation members from switching to the cheaper MySuper option. Thanh Huu Tran has been banned for two years as a result of the misconduct. ...

Next decade of defined contributions crucial: Research

ELIZABETH MCARTHUR  |  THURSDAY, 17 OCT 2019
New research from the Thinking Ahead Institute indicates that the next 10 years of defined contributions will be crucial to the development of retirement systems all around the world. The Thinking Ahead Institute, which is based in London, said that ...

Netwealth top for FUM growth

ELIZABETH MCARTHUR  |  FRIDAY, 4 OCT 2019
New research from Plan For Life Actuaries & Researchers has revealed Netwealth is growing much faster than some of its more established competitors. The research found a total $37.7 billion rise in funds under management over the year to June 2019 for ...

Statewide still keen on mergers

KANIKA SOOD  |  MONDAY, 9 SEP 2019
All options are on the table at Statewide Super, including looking at potential retail fund partners, but three-way mergers are too much execution risk, according to chief financial and operating officer Grant Eastwood. Statewide canned plans to merge ...

Perpetual in acquisition mode

KANIKA SOOD  |  FRIDAY, 23 AUG 2019
... the financial year. The remaining $20 billion is split as about $14 billion from the intermediary channel (through master trust and wrap), $4.9 billion through direct retail or adviser-led (but not master trust and wrap) channels and the finally, the ...

Reforms see super fees in flux

HARRISON WORLEY  |  MONDAY, 1 JUL 2019
... implementation are challenging. Those difficulties however, will not see fees rise for any of the super funds using the master trust of Sargon subsidiary Tidswell, despite no less than four "millennial" funds doing so. One fund existing as a sub-plan ...

Spitfire acquires adviser platform, names chief

ELIZABETH MCARTHUR, KARREN VERGARA  |  MONDAY, 3 JUN 2019
... over 6000 advisers and clients, for an undisclosed figure. It has two wrap products: the Wealthtrac Superannuation Master Trust and the Wealthtrac Portfolio Service. Matthew Johnson, who has led Wealthtrac as chief executive for more than nine years ...