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Showing 1531 - 1540 of 10357 results for "Close"

Super fund board renewals need work: APRA

JAMIE WILLIAMSON  |  MONDAY, 28 NOV 2022
APRA deputy chair Margaret Cole says there is "material scope" for improvement in super fund board renewal strategies. In a speech to the AIST Chairs Forum, Cole outlined the regulator's expectation of trustee boards, saying the issue of board governance ...

APRA urges entities to strengthen risk management

CASSANDRA BALDINI  |  FRIDAY, 25 NOV 2022
APRA general manager of governance, culture, remuneration and accountability Stuart Bingham said a strong risk culture is essential for effective risk management outcomes. In a speech, delivered at the Financial Services Assurance Forum, Bingham discussed ...

RBA governor cites climate, energy transition in inflation response

RACHEL ALEMBAKIS  |  WEDNESDAY, 23 NOV 2022
Reserve Bank of Australia governor Philip Lowe cited climate change and the transition to renewable energy as two of four longer-term changes to the global economy that are "likely to affect the dynamics of inflation, central bank policy and the way ...

Industrial property ensures big wins for TelstraSuper

ELIZABETH FRY  |  MONDAY, 21 NOV 2022
... industrial property. Shifting more assets into industrial property paid off as the asset class delivered total returns of close to 20% for the 12 months to June 30. Several years ago, TelstraSuper moved the portfolio away from traditional retail investments ...

Spirit Super, Stonepeak pick up GeelongPort

JAMIE WILLIAMSON  |  MONDAY, 21 NOV 2022
The global infrastructure manager and industry super fund will own 70% and 30% of the asset, respectively. Spirit Super and Stonepeak have bought the asset from Brookfield and State Super for an undisclosed amount. The Port of Geelong is the second ...

Super funds told to report asset valuations more frequently

ANDREW MCKEAN  |  FRIDAY, 18 NOV 2022
APRA has released updated guidance on investment governance for superannuation trustees. The update, which comes into effect in January of next year, is designed to assist trustees in meeting their requirements under the recently strengthened Prudential ...

NAB to wind up custody business

JAMIE WILLIAMSON  |  FRIDAY, 18 NOV 2022
The big four bank has confirmed it will close NAB Asset Servicing, following years of mandate losses. The move comes as part of the bank's ongoing strategic review, having tried to offload the business for several years now. It will be wound up ...

Nuveen, Lighthouse back housing projects

RACHEL ALEMBAKIS  |  WEDNESDAY, 16 NOV 2022
... Estate Asia Pacific director of housing Ben Taylor. The Switch, Adelaide Central is located in Adelaide's CBD and is close to Flinders University's future CBD campus "Festival Tower" opening in 2024, "Since the re-opening of Australia's borders ...

YFYS manipulation leaves members worse off: ISA

ANDREW MCKEAN  |  WEDNESDAY, 16 NOV 2022
Industry Super Australia (ISA) says the Your Future, Your Super performance test results show many poor performing super funds, particularly retail, have gamed the system, leaving members worse off. "Dud super funds manipulate fees and reclassify investment ...

Durack returns to Schroders

CHLOE WALKER  |  WEDNESDAY, 16 NOV 2022
... years, including as chief executive, Hong Kong. Prior to joining Schroders, Durack was chief executive of State Super for close to three years. Durack's new role is effective January and will be based in Singapore. Soh leaves with a long track record ...