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Showing 1301 - 1310 of 3320 results for "Trustees"

Super fund awards real estate mandate

DARREN SNYDER  |  FRIDAY, 22 FEB 2019
... a $128.5 million mandate. The Heitman Global Prime Real Estate Trust was launched in Australia this week with Equity Trustees winning the appointment as trustee. Heitman's global prime strategy is a benchmark-unaware, diversified portfolio of publicly ...

More consolidation to come: APRA

JAMIE WILLIAMSON  |  FRIDAY, 22 FEB 2019
... Byres said the regulator has "upped the ante" over the past year in identifying underperforming funds and challenging trustees to justify how they're delivering value. In doing so, 28 funds were reviewed and 13 of these have either chosen to exit or ...

Actuaries Institute welcomes retirement income reforms

JAMIE WILLIAMSON  |  TUESDAY, 19 FEB 2019
... develop a retirement income strategy for members. In doing so, the institute said it strongly supports the notion that trustees should consider eligibility for the Age Pension when considering a member's income in retirement. Income needs and spending ...

Netwealth to benefit from RC fallout

HARRISON WORLEY  |  MONDAY, 18 FEB 2019
... platform, highlighting the post-Royal Commission optimism. With the Royal Commission also recommending superannuation trustees act solely in that capacity, the firm said it would set up a new wholly-owned subsidiary as the trustee of the Netwealth Superannuation ...

Industry funds wary of stapling default members

KANIKA SOOD  |  FRIDAY, 15 FEB 2019
... recommendations from the Royal Commission's final report also passed: introducing civil penalties for superannuation trustees if they breach their obligations (recommendation 3.7) and prohibiting superannuation funds from "treating" employers to win ...

Government carves out super deal

HARRISON WORLEY  |  FRIDAY, 15 FEB 2019
... However, these accounts hold an insignificant share of funds under management. Linden said the legislation will ensure trustees not acting in the best interests of members will "have nowhere to hide."

Government moves on Royal Commission super recommendations

HARRISON WORLEY  |  WEDNESDAY, 13 FEB 2019
... superannuation bills to include recommendations made in the Royal Commission's final report. Superannuation fund trustees are set to be banned from treating employers in efforts to be selected as their default superannuation fund; with the Government ...

Fund manager expands distribution

DARREN SNYDER  |  TUESDAY, 12 FEB 2019
... Capital Group in Australia's southern states. Weaving is joining Capital Group from SG Hiscock and prior to that, Equity Trustees and Vanguard Australia, where she held similar roles. Capital Group head of wholesale business, Jorden Brown said Weaving ...

Sunsuper merges with corporate super fund

KARREN VERGARA  |  FRIDAY, 8 FEB 2019
... transitioning to Sunsuper rather than continuing the plan in its current form, he wrote. "In making the decision, the trustees liaised with IAG with NRMA Motoring & Services, the principal employer sponsors of the plan. Both IAG and NRMA Motoring & Services ...

APRA could oversee stalled super fund mergers

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... would be an appropriate use of such a power," Commissioner Kenneth Hayne said in his final report. The SIS Act asks that trustees of any responsible entity that offers a MySuper product must conduct an annual scale assessment to decide if its members ...