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Showing 1761 - 1770 of 10361 results for "Trust"

AustralianSuper sued over multiple accounts

JAMIE WILLIAMSON  |  FRIDAY, 8 SEP 2023
In a first-of-its-kind case, ASIC is taking AustralianSuper to court over its failure to properly monitor and consolidate multiple accounts on behalf of members for close to a decade. In May, AustralianSuper announced it would be refunding close to ...

Australian Retirement Trust hunts new chief executive

JAMIE WILLIAMSON  |  THURSDAY, 7 SEP 2023
Having successfully seen through the merger that created Australian Retirement Trust as well as several others that have swelled the fund to $260 billion, chief executive Bernard Reilly is set to leave. Reilly has notified the ART board of his intention ...

Rest awards mandate to specialist fund manager

ANDREW MCKEAN  |  TUESDAY, 5 SEP 2023
... since its inception. Octopus Australia managing director Sam Reynolds commented: "We're thrilled that Rest has placed its trust in Octopus Australia to support the energy transition on behalf of its members, generating both renewable energy and financial ...

Insignia Financial promotes two key staffers

ELIZABETH FRY  |  MONDAY, 4 SEP 2023
Insignia Financial has named a state manager for New South Wales, as well as a new national manager for multi-asset investments. Firstly, Andrew Rockliff has started a new job as state manager for New South Wales. He was promoted from national sales ...

Hostplus finalises merger with Maritime Super

ANDREW MCKEAN  |  MONDAY, 4 SEP 2023
... "obvious merger partner." Hostplus has already been managing Maritime Super's investment through its Pooled Superannuation Trust since 2021, following a period of underperformance. "We are delighted to complete the merger with Hostplus today and ...

K2 told to freeze distribution of fund

JAMIE WILLIAMSON  |  MONDAY, 4 SEP 2023
... due to issues with its target market determination (TMD). K2 Asset Management cannot distribute the Storehouse Residential Trust or any information about it after ASIC determined the TMD to be "defined too broadly", with the regulator saying it didn't ...

Most trustees pass Canva valuation test: APRA

KARREN VERGARA  |  MONDAY, 4 SEP 2023
Most superannuation funds are appropriately valuing their investments in Canva, according to APRA, which used its high-profile and whipsaw valuation in 2022 to see if they are abiding by its unlisted asset valuation requirements. Canva was at the forefront ...

Government consults on superannuation objective laws

ANDREW MCKEAN  |  FRIDAY, 1 SEP 2023
The federal government is consulting on proposed superannuation legislation that will enshrine an objective to "preserve savings to deliver income for a dignified retirement, alongside government support, in an equitable and sustainable way." The Superannuation ...

Government must do more after product failures: FSC, SCA

JAMIE WILLIAMSON, RACHEL ALEMBAKIS  |  FRIDAY, 1 SEP 2023
As the likes of Crescent Wealth and Insignia Financial respond to the 2023 superannuation performance test results, the Financial Services Council (FSC) and Super Consumers Australia have said the government must still do more to ensure members in underperforming ...

AMG Super terminates MySuper offer

JAMIE WILLIAMSON  |  THURSDAY, 31 AUG 2023
AMG Super is getting out of MySuper as its product fails the Your Future, Your Super performance test for a third time. AMG Super has announced to members that it will close its MySuper product early next year. The notice was issued to members on August ...