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Showing 131 - 140 of 2299 results for "industry fund"

AET boosts Equity Trustees' FY24 performance

KARREN VERGARA  |  FRIDAY, 23 AUG 2024
The acquisition of Australian Executor Trustees (AET) has bolstered the revenue and client book of Equity Trustees (EQT) in the last financial year. EQT's revenue increased 23.1% to $174 million in the 12 months to June, benefiting from the integration ...

New bill seeks to block investments involving Cbus

ANDREW MCKEAN  |  THURSDAY, 22 AUG 2024
... connection to the CFMEU makes it an "untenable party" with which to do government business, adding that involving the industry fund and the scandal-plagued union in the HAFF "further risks the integrity of taxpayer funds locked in the misguided scheme." ...

Super performance test needs personal rate of return: Adviser

KARREN VERGARA  |  THURSDAY, 15 AUG 2024
... to conduct the research following a chat with the daughter of a client, who works in retail and is a member of an industry fund. The member started with an opening balance of $10,000 and had a closing balance of $15,000 at the end of the financial year. ...

APRA reprimands Cbus, BUSSQ over governance issues

ANDREW MCKEAN  |  WEDNESDAY, 14 AUG 2024
APRA has imposed additional licence conditions on Cbus and BUSSQ over governance concerns in the wake of the CFMEU scandal. The prudential regulator's additional licence conditions stipulate that Cbus' trustee, United Super, and BUSSQ bring ...

CFMEU fallout stokes governance debate

ANDREW MCKEAN  |  MONDAY, 12 AUG 2024
... unwavering," the Cbus spokesperson said. Nevertheless, Liberal senator Andrew Bragg contends that the $85 billion industry fund "should move" to a majority of independent directors. Bragg said "the Cbus/CFMEU scandal" demonstrates that union-dominated ...

ESSSuper launches Balanced Growth Managed option

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2024
... chief member officer and recruited a new chief financial officer, both of whom have extensive experience in the industry fund sector. Stuart Wilkinson, the new chief member officer, joined from Hostplus where he spent more than eight years. Therese Kenny ...

Cbus taps ex-AustralianSuper equities chief for 'critical role'

ANDREW MCKEAN  |  TUESDAY, 6 AUG 2024
... that investment option has excelled, delivering a 7.6% return p.a., putting it in the top quartile. The $85 billion industry fund said that Pascoe will drive Cbus' overall portfolio construction and management, overseeing the fund's asset allocation ...

Cbus hires from VFMC for key ESG role

ROSE MARY PETRASS  |  TUESDAY, 23 JUL 2024
... integration. In the new role, Williams will support the creation of long-term returns for members of the $98 billion industry fund for building and construction workers. With 20 years' in institutional investment, she joins from VFMC where she was ...

Industry funds defend CFMEU board ties

ANDREW MCKEAN  |  FRIDAY, 19 JUL 2024
Industry funds BUSSQ and Cbus have defended their respective boards' close ties to the CFMEU, saying all representatives satisfy the fit and proper standards outlined by APRA. This week the Victorian branch of the Construction, Forestry and Maritime ...

ESSSuper appoints two executives

KARREN VERGARA  |  FRIDAY, 19 JUL 2024
... chief member officer and recruited a new chief financial officer, both of whom have extensive experience in the industry fund sector. Becoming the first chief member officer for the $35 billion super fund, Stuart Wilkinson joins from Hostplus where he ...