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Showing 121 - 130 of 922 results for "Administrator"

Dispute resolution failures land TelstraSuper in Federal Court

KARREN VERGARA  |  MONDAY, 6 NOV 2023
... during a specific period did not comply with its own dispute resolution procedures. The $23 billion fund is its own administrator. Between 22 October 2021 and 13 January 2023, TelstraSuper received 337 superannuation complaints but failed to comply with ...

Link revises financial reports after ASIC review

ANDREW MCKEAN  |  FRIDAY, 3 NOV 2023
... financial ramifications of the FCA settlement and the impairment of the Fund Solutions business. The superannuation administrator and share registry company anticipates a $50 million increase in its 2023 half-year statutory loss and a $169 million decrease ...

E-commerce giant retreats from super

JAMIE WILLIAMSON  |  THURSDAY, 2 NOV 2023
... expertise as an e-commerce leader with Mercer's global scale and investment capabilities. Mercer is also trustee and administrator. "In an industry where scale and cost efficiencies count, this new alliance will enable Kogan to create value at scale ...

Hejaz rolls out Australia's first Sukuk ETF

ANDREW MCKEAN  |  THURSDAY, 2 NOV 2023
... interest is allowed. Equity Trustees will serve as trustee for the ETF, while Apex Financial Services will act as both administrator and custodian, and Nine Mile will function as the market maker. Hejaz chief executive Hakan Ozyon said that the firm ...

Future Super acquires GuildSuper

JAMIE WILLIAMSON  |  WEDNESDAY, 1 NOV 2023
... Capital, Understorey Ventures, and Dominic Pym. It also comes as Future Super transitions to a new custodian and administrator, effective this month.

Calastone appoints new local head

ANDREW MCKEAN  |  WEDNESDAY, 1 NOV 2023
Global funds network Calastone has internally promoted an executive to serve as the new head of its Australian and New Zealand operations. Effective today, Marsha Lee will succeed Teresa Walker, who stepped back from the business at the end of October. ...

ASIC loses case against Diversa

JAMIE WILLIAMSON  |  TUESDAY, 24 OCT 2023
The Federal Court has found in favour of Diversa in the case brought by ASIC in 2021 which alleged the trustee knew about a now banned adviser's dodgy behaviour but failed to act. In October 2021, ASIC commenced civil penalty proceedings against ...

Super fund, insurer admin issues draw AFCA complaints

KARREN VERGARA  |  MONDAY, 23 OCT 2023
... insurer and reported the matter as a systemic issue to ASIC. An unnamed superannuation fund that was undergoing an administrator change led to a failure to rollover super benefits in the required timeframe because of systems issues. This violates Superannuation ...

Future Super switches up service providers

JAMIE WILLIAMSON  |  TUESDAY, 10 OCT 2023
Future Super will soon transition to both a new administrator and custodian, with new contracts taking effect next month. The new mandates follow Future Super transitioning away from Diversa, appointing Equity Trustees as its trustee in July. "Future ...

First Super appoints to board

CHLOE WALKER  |  FRIDAY, 29 SEP 2023
... US and Canada, particularly for fire risk reduction and renewable bioenergy. He also spent three years as deputy administrator of Norfolk Island in public administration and governance. First Super chief executive Bill Watson said appointing an associate ...