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Showing 141 - 150 of 922 results for "Administrator"

ASIC cancels FTX Australia's licence

CASSANDRA BALDINI  |  WEDNESDAY, 19 JUL 2023
ASIC has cancelled the Australian financial services licence of embattled crypto company FTX. The regulator explained that until 12 July 2024 the company may provide limited financial services that relate to the termination of existing derivatives with ...

Asset managers dismiss liquidity risks: FCA

KARREN VERGARA  |  FRIDAY, 7 JUL 2023
... environments. The collapsed Woodford Equity Income Fund is a case study of poor liquidity management. The fund's administrator Link Group recently settled with the FCA to compensate victims. When it comes to liquidity stress testing, a wide variety of ...

HESTA dumps Link as administrator

JAMIE WILLIAMSON  |  FRIDAY, 30 JUN 2023
... its contract again. Instead, the $72 billion industry fund has signed on with GROW Inc., which currently serves as administrator to its Mercy Super division following the two funds' merger in December 2022. The transition is expected to take place in ...

Trustees must do better on account consolidation: ASIC

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
... this regard has committed to rectifying this. Meantime, two trustees in the review were relying solely on their administrator to have a policy on consolidating multiple accounts and did not have any internal policies on doing so. ASIC said this contributed ...

Australian Ethical selects new administrator

ANDREW MCKEAN  |  THURSDAY, 15 JUN 2023
Australian Ethical has chosen GROW Technology Services as its superannuation administration provider, marking the start of a multi-year transition. In a business update, Australian Ethical explained that following its merger with Christian Super, its ...

Rest extends Link partnership

JAMIE WILLIAMSON  |  FRIDAY, 26 MAY 2023
... officially renewed its mandate with Rest, with the industry fund signing on for another five years. In February, the administrator flagged it was in discussions with Rest and a renewal was likely. Today, it's confirmed a new contract has been signed ...

Mercer Super to take on corporate fund

JAMIE WILLIAMSON  |  THURSDAY, 25 MAY 2023
... total assets. Mercer and HESF have an existing relationship, with the former serving as fund secretary, actuary, administrator, and risk management consultant. "We're very proud of the partnership we've built with HESF over many years and look ...

Super fund blunder likely down to bad data: Podcast

CASSANDRA BALDINI  |  THURSDAY, 18 MAY 2023
... that's where the third source of data probably comes from, where we get the transmission of bad data from an administrator or transfer." Hooper reinforced that AustralianSuper is no stranger to SFTs. "Both now and I would imagine back around 2013 ...

Venture capital rout rattles advice technology sector

KARREN VERGARA  |  MONDAY, 1 MAY 2023
... technology solutions that allow advice practices to deliver high quality advice more efficiently. We are working with the administrator to support the best way forward for the Creativemass business and remain on track with our plans to deliver a new ...

SG Hiscock commences abrdn fund changes

JAMIE WILLIAMSON  |  THURSDAY, 6 APR 2023
... abrdn. There will be no change to the fund's objectives, investment strategy or fees, however the custodian and administrator will switch to Apex Group. Meanwhile, the abrdn Australian Small Companies Fund will become the SGH Australian Small Companies ...