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Showing 1231 - 1240 of 6512 results for "Jul"

APRA tells Christian Super to merge

JAMIE WILLIAMSON  |  TUESDAY, 7 DEC 2021
With just $2 billion in assets, Christian Super has been told by the prudential regulator that it must merge by 31 July 2022 following persistent underperformance. APRA has imposed additional licence conditions on the super fund in order to protect ...

Magellan chief executive resigns

ELIZABETH MCARTHUR  |  TUESDAY, 7 DEC 2021
The chief executive of Magellan, Brett Cairns, has resigned for personal reasons. The fund manager's chief financial officer Kristen Morton is stepping in as interim chief executive. Morton has been chief financial officer at Magellan for more than ...

QSuper, Sunsuper unveil rebrand

KARREN VERGARA  |  MONDAY, 6 DEC 2021
QSuper and Sunsuper unveiled a new name ahead of their planned merger, set to finalise early next year. The combined $230 billion super fund will be known as Australian Retirement Trust. Sunsuper's 1.4 million members will become members of Australian ...

Athene, Apollo stake in Challenger approved

KARREN VERGARA  |  MONDAY, 6 DEC 2021
Minority shareholders of Challenger have been given the go-ahead to acquire their additional stake by the prudential regulator. Athene Holding and Apollo Global Management now have an 18% stake in the ASX-listed Challenger after APRA approved the additional ...

Mine Super appoints chief executive

JAMIE WILLIAMSON  |  THURSDAY, 2 DEC 2021
Mine Super has named its new chief executive following the departure of Harry Mitchell in March this year. Vasyl Nair, who has been acting in the role since Mitchell's departure, has now been appointed to the role permanently. Mine Super chair Grahame ...

Top investment products, super fund revealed

STAFF WRITER  |  THURSDAY, 2 DEC 2021
Vanguard, UniSuper and BetaShares are some of the winners in Money magazine's 2021 Best of the Best Awards. Vanguard Investments Australia is this year's best investment manager as many of its products featured in several categories. Vanguard Australian ...

FPA overcharges members

KARREN VERGARA  |  WEDNESDAY, 1 DEC 2021
The Financial Planning Association of Australia has admitted to overcharging members but declined to reveal exactly how much. The FPA blamed an administrative error that incorrectly charged a higher fee for a small number of members who upgraded their ...

Review of ASIC kicks off

ELIZABETH MCARTHUR  |  TUESDAY, 30 NOV 2021
The review of ASIC's effectiveness is open and accepting submissions. The Financial Regulator Assessment Authority (FRAA) was established in response to recommendations 6.13 and 6.14 of the Royal Commission. It is tasked with reviewing and reporting ...

Future2 commits over $1.5m in grants

CHLOE WALKER  |  TUESDAY, 30 NOV 2021
Future2, the foundation of the Financial Planning Association of Australia (FPA), has announced the awarding of $148,600 in new grants to 15 not-for-profit organisations in 2021. Future2 has now committed over $1.5 million in grants since its inception ...

CCIV legislation introduced

JAMIE WILLIAMSON  |  FRIDAY, 26 NOV 2021
The Corporate Collective Investment Vehicle (CCIV) regime is back on the agenda, with the government introducing legislation to attract more foreign investment yesterday. Under the regime fund managers will be able to use a corporate structure with ...