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Showing 131 - 140 of 788 results for %22Australian Administration Services%22

MySuper fees could halve in 10 years

KANIKA SOOD  |  THURSDAY, 1 APR 2021
... Australia's median superannuation fees in reality look expensive." Dunnin said it is not unrealistic to expect Australian super funds to go from charging 1.1% p.a. in median fees to 0.5% p.a. over the next decade. "But this timeline could shorten ...

Boutique hires fund services lead

KARREN VERGARA  |  MONDAY, 29 MAR 2021
... provides loan servicing, corporate trust and agency services. It has some $16 billion in funds under administration for Australian and New Zealand clients that range from start-ups to large institutions. AMAL is headed by chief executive and chair Kent ...

APSS explores merger with Sunsuper

ANNABELLE DICKSON  |  FRIDAY, 26 MAR 2021
... Sunsuper chair Andrew Fraser said APSS members would benefit from a wide range of investment options, in-house administration and low fees. "The APSS looks to join us at an exciting time for our fund. It demonstrates our commitment to offering a high-quality ...

Industry fund chief steps down

KARREN VERGARA  |  TUESDAY, 23 MAR 2021
... administration, will merge with corporate and superannuation trustee Certane Group. The latter provides trustee services to 27 Australian superannuation funds. Certane has undergone several iterations. It was originally part of Sargon until it was bought ...

Admin fees could balloon from BFID

KARREN VERGARA  |  TUESDAY, 16 MAR 2021
... not-for-profit sector, thanks to loopholes in the proposed legislation. Following conversations with Treasury, the Australian Council of Trade Unions assistant secretary Scott Connelly said department officials have confirmed that dividend payments are ...

Chief economist update: Confidence contagion

BENJAMIN ONG  |  THURSDAY, 11 MAR 2021
... US$1.9 trillion coronavirus relief package. This compares with the OECD's 1.3 percentage point upward revision for Australian GDP growth this year to 4.5% in the year 2021, which I'm pretty sure factored in the end of JobKeeper and coronavirus ...

OpenMarkets raises $10m, moves up ranks

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAR 2021
... removing the friction." The opportunities OpenMarkets' offering presents to global fintechs looking to tap into the Australian market are significant, he added. "This was all reflected in the interest we received in this considerably oversubscribed pre-IPO ...

UK drags Bravura performance

KARREN VERGARA  |  THURSDAY, 25 FEB 2021
... a contract with Aware Super. Bravura also signed six new or renewed contracts with: a global investment bank and an Australian trustees business (Garradin); a superannuation fund (ePASS); a New Zealand life insurance firm (Sonata); a UK platform (Sonata) ...

Mainstream to pay $5.1m settlement

KARREN VERGARA  |  FRIDAY, 19 FEB 2021
... eight countries. Asia Pacific, which includes Australia, Singapore and Hong Kong, contributed 74% to total revenue. The Australian custody division's FUA grew 67% to $16.4 billion. The Americas (US and Cayman Islands) accounted for 20% of revenue ...

Perpetual awards custody mandate

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 JAN 2021
... Management has appointed a new custodian, replacing RBC Investor and Treasury Services following its exit from the Australian market. State Street Australia won the mandate and will provide custodial and fund administration services to Perpetual's asset ...