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Showing 151 - 160 of 560 results for "CEA"

Retail super fund to be wound up

JAMIE WILLIAMSON  |  TUESDAY, 11 JAN 2022
A retail superannuation fund offered to customers of several small players in Australia's banking sector will close in March. Credit Union Building Societies Superannuation, known as CUBS Superannuation, is a retail offering overseen by Equity Trustees ...

AMP to delist from NZX

JAMIE WILLIAMSON  |  WEDNESDAY, 22 DEC 2021
AMP will only be listed on the Australian Securities Exchange from February, following a decision to delist from the New Zealand Exchange main board. AMP said the delisting supports the simplification of its shareholder administration ahead of demerging ...

EISS Super finds merger partner in Cbus

JAMIE WILLIAMSON  |  FRIDAY, 17 DEC 2021
Cbus has come to EISS Super's rescue, after the latter was directed by APRA to merge as soon as possible. Cbus and EISS Super have signed a Memorandum of Understanding to complete a merger next year, with Cbus chief executive Justin Arter saying ...

MySuper heatmap offers few surprises

JAMIE WILLIAMSON  |  FRIDAY, 17 DEC 2021
The annual MySuper heatmap shows 45% of products delivered returns below benchmark this year but there are few surprises, with most being the same products that failed the performance test. The regulator has also shared which funds came close to failing ...

Iress partners with fund manager

KARREN VERGARA  |  MONDAY, 13 DEC 2021
Iress has partnered with a fund manager to deliver its portfolio management solution. Optar Capital has opted to use Iress' Portfolio System, which constructs, reviews and analyses client portfolios. The solution also enables Optar to automate its compliance ...

Iress to take admin reigns at ESSSuper

JAMIE WILLIAMSON  |  FRIDAY, 3 DEC 2021
After more than two years in the making, ESSSuper will officially cease as its own administrator in March 2022 and hand the function over to Iress. ESSSuper and Iress have been working together since late 2019 on Project Voyager, a strategic initiative ...

La Trobe fined for misleading investors

ELIZABETH MCARTHUR  |  MONDAY, 29 NOV 2021
La Trobe Financial has been fined for misleading investors in its $5 billion fund. The Federal Court has ordered La Trobe Financial Asset Management to pay a $750,000 penalty for false and misleading marketing of the La Trobe Australian Credit Fund ...

ASIC enforces licence conditions on ASX

ANNABELLE DICKSON  |  WEDNESDAY, 24 NOV 2021
The corporate regulator concluded its investigation of the ASX market outage and imposed conditions to mitigate risks for future upgrades. Conditions have been imposed on the market licence of ASX Limited, and the clearing and facility licence of ASX ...

APRA moves to force EISS Super merger

JAMIE WILLIAMSON  |  TUESDAY, 16 NOV 2021
Protecting members' best interests, APRA has imposed additional conditions on EISS Super's licence - including that it must merge with a larger fund by the middle of next year. The move follows APRA's investigation into expenditure and governance ...

ASIC sues timeshare company

KARREN VERGARA  |  WEDNESDAY, 3 NOV 2021
Timeshare company Ultiqa Lifestyle Promotions is in the firing line for providing bad financial advice, following an investigation by ASIC. ASIC alleges that between October 2017 to March 2019 the advice was provided by authorised representatives promoting ...