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| | | In the last six years, independent directors have gone from holding 5.2% of the total board positions at RSE licensees to 10.7% of them as at June 2020, says new APRA data. The total directorships at responsible superannuation entity licensees shrunk ... |
| | | | HUB24 picked up $1.7 billion net inflows, 24 new licensee agreements and 113 advisers in the December quarter. The $1.7 billion in net inflows is 26% higher than the September quarter and 37% higher than the December 2019 quarter. Meanwhile, strong ... |
| | | | Macquarie has added an EISS Super non-executive trustee director to its boards. Mike Roche will join the Macquarie Group and Macquarie Bank boards effective January 20, alongside Oz Minerals chair Rebecca McGrath. Roche has been on the EISS Super board ... |
| | | | David Orford's Optimum Pensions has signed a five-year exclusive agreement with Generation Life to bring its retirement income product to the market. Generation Life will manufacture, administer, market and distribute an investment-linked pension ... |
| | | | MTAA Super and Tasplan will take on a new name on April 1, as their $23 billion merger completes. The combined fund will be called Spirit Super and have 326,000 members and lower administration fees. MTAA Super chief executive Leanne Turner, who will ... |
| | | | Platform inflows are returning to normal as the impact of government's early release of superannuation starts to wear off, according to Credit Suisse. In the September quarter, platforms reported $1.9 billion in outflows. However, if you exclude $3.9 ... |
| | | | ... plus. AustralianSuper had net earnings of -$76 million for the period. The highest net earnings for the period were from Super Directions Fund ($2.3 billion), followed by ANZ Australian Staff Super ($769 million) and Aware Super ($710 million). |
| | | | Bell Financial Group this morning said its net profit after tax for 2020 increased 44% to $46.7 million for the year ending December. The unaudited results precede the results announcement coming in February. Revenue increased 18% to $299 million. Earnings ... |
| | | | BNP Paribas Securities Services is expanding its collateral management services in Asia Pacific, to include initial margin requirements arising for non-cleared OTC derivatives positions. Initial margin rules for non-cleared derivatives transactions ... |
| | | | The former deputy chief investment of Christian Super has joined the Cook Islands National Superannuation Fund, as it starts an internal investment team. David Brown commenced as the chief investment officer of the fund this week. The Cook Islands National ... |
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