Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1301 - 1310 of 10364 results for "Trust"

Betashares completes Bendigo Superannuation acquisition

KARREN VERGARA  |  MONDAY, 2 SEP 2024
Betashares has finalised its acquisition of Bendigo Superannuation for an undisclosed amount. As of September 1, Betashares was the manager of $1.4 billion of super assets for 19,000 members. Betashares and ASX-listed Bendigo Bank declined to confirm ...

Too much being asked of super trustees: Levy

ELIZA BAVIN  |  FRIDAY, 30 AUG 2024
Speaking in a personal capacity at the Senate Economics Committee, Michelle Levy said it is too much to expect superannuation trustees to fix Australia's housing problem. Levy said she is sympathetic to the housing crisis, noting that she agrees owning ...

Cbus' CFMEU board directors exit

ANDREW MCKEAN  |  FRIDAY, 30 AUG 2024
Cbus' CFMEU board directors Rita Mallia, Jason O'Mara, and Dave Noonan are no longer with the fund. The CFMEU directors were removed from the super fund's website earlier this week. Cbus' board comprises 14 directors, including an equal number of ...

All MySuper products pass super performance test

KARREN VERGARA  |  FRIDAY, 30 AUG 2024
All MySuper products passed this year's superannuation performance test with flying colours for the first time, while some trustee directed products (TDPs) need to lift their game, according to APRA. APRA assessed the performance of 57 MySuper products ...

MetLife Australia launches new online insurance platform

MATTHEW WAI  |  THURSDAY, 29 AUG 2024
... recent updates on the MetLife Protect and MetLife Protect Super offerings, with the latter available via the Smart Future Trust issued by Equity Trustees. Manage My Insurance allows member to view insurance details, edit their cover, keep track on the ...

Perpetual chair to leave as $472m loss recorded

JAMIE WILLIAMSON  |  THURSDAY, 29 AUG 2024
... at $206.1 million, up 26% on FY23. Perpetual attributed this to stronger earnings in its wealth management and corporate trust arms, which are being offloaded to KKR. The wealth management division saw underlying profit before tax (UPBT) of $54 million ...

Financial Standard nominated for Publication of the Year

STAFF WRITER  |  WEDNESDAY, 28 AUG 2024
Financial Standard is proud to be a finalist in the inaugural Impact Awards, nominated for Financial Services Publication of the Year. Established by Activam Group, the Impact Awards aim to "highlight those who make a meaningful difference by encouraging ...

Cairns resurfaces at Associate Global Partners

KARREN VERGARA  |  WEDNESDAY, 28 AUG 2024
Former Magellan Financial Group chief executive Brett Cairns has popped up on multi-boutique Associate Global Partners' (AGP) board. Cairns, who led Magellan from 2018 and 2021 when he departed for personal reasons, is officially a non-executive ...

APRA reorganises as it sets sights on superannuation

ELIZA BAVIN  |  WEDNESDAY, 28 AUG 2024
The Australian Prudential Regulation Authority (APRA) has published its latest corporate plan as well as some changes to its internal structure. The corporate plan outlines how the regulator will maintain the "strength and stability of Australia's banks ...

Former adviser cops 12 years' imprisonment

KARREN VERGARA  |  TUESDAY, 27 AUG 2024
... his actions "were not only criminal but evil, demonstrating no remorse". Judge Moynihan found evidence of gross breach of trust and that the victims have suffered and continue to suffer substantial personal and financial harm. Jayaweera will be eligible ...