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Showing 1831 - 1840 of 10361 results for "Trust"

Mercer appoints first Wealth Pacific chief

ANDREW MCKEAN  |  MONDAY, 24 JUL 2023
... Pacific. Hales has oversight of Mercer's wealth portfolio across Australia and New Zealand, comprising the Mercer Super Trust - one of Australia's largest superannuation funds with around $63 billion in assets under management. The super fund also boasts ...

Rethinking retirement: Focus on spending, not saving

ANDREW MCKEAN  |  FRIDAY, 21 JUL 2023
AMP general manager of retirement solutions Ben Hillier has emphasised the need to inspire more confidence in individuals approaching retirement. On a panel at a Financial Services Council (FSC) policy briefing on Thursday, Hillier said the predominant ...

APRA toughens stress testing frequency, valuation stance

KARREN VERGARA, RACHEL ALEMBAKIS  |  FRIDAY, 21 JUL 2023
The prudential regulator is reinforcing the importance of superannuation funds to conduct more rigorous and frequent stress testing amid the fracas over valuations in the property sector. In updating Prudential Practice Guide SPG 530 Investment Governance ...

Regulators begin FAR consultation

CHLOE WALKER  |  THURSDAY, 20 JUL 2023
APRA and ASIC have commenced an early consultation on the Financial Accountability Regime (FAR), calling for input from ADIs, insurers and super trustees. Together, the regulators have released key materials for consultation to support the timely implementation ...

Wealth management ecosystem at critical inflection point: Citi

ANDREW MCKEAN  |  THURSDAY, 20 JUL 2023
The wealth management sector is at a critical juncture, confronting declining fees and escalating compliance costs, according to Citigroup research. Accordingly, the Citi Disruption and Transformation in Wealth report suggested a need for wealth managers ...

AMP adds three group executive roles

CASSANDRA BALDINI  |  THURSDAY, 20 JUL 2023
... role, group executive super and investments. The role will include combined responsibility for the superannuation-master trust and investments businesses. While the search is conducted, AMP director of transformation and investments, Australian wealth ...

AMP's largest super option yields 9.1% return

ANDREW MCKEAN  |  WEDNESDAY, 19 JUL 2023
... option. Aware Super followed suite, delivering a 10.7% return, while UniSuper reported a 10.3% return. Australian Retirement Trust (ART) wasn't far behind, reporting a 10% return for its balanced option. HESTA reported a return of 9.59% and Cbus ...

APRA finalises operational risk prudential standard

ANDREW MCKEAN  |  TUESDAY, 18 JUL 2023
APRA has finalised Prudential Standard CPS 230 Operational Risk Management, which aims to enhance the ability of banks, insurers, and superannuation trustees to manage operational risks and respond to business disruptions. According to QMV legal, the ...

Hostplus tops up mandate, returns 8% to members

CASSANDRA BALDINI  |  TUESDAY, 18 JUL 2023
... positive return in FY22, this year its accumulation default comes in behind the likes of AustralianSuper, Australian Retirement Trust, Aware Super, Brighter Super, and Cbus. However, the default option has achieved returns of 10% over three years, 8.55% ...

Monochrome files for first Bitcoin ETF in Australia

ANDREW MCKEAN  |  TUESDAY, 18 JUL 2023
... by a network of service providers, including State Street Australia, Automic, Ernst and Young, CF Benchmarks, and Gemini Trust. Last year, Monochrome received ASIC approval to operate spot-based crypto asset ETFs. At the time, Monochrome chief executive ...