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Showing 181 - 190 of 268 results for "Custodians"

Fidelity joins Calastone's automated funds transaction network

MARK SMITH  |  TUESDAY, 30 JUL 2013
... Calastone's global funds transaction network. The deal sees Calastone automate flows from participating platforms and custodians into Fidelity's Australian fund range. "Fidelity welcomes the automation of this manual process, the reduced risks and the ...

BNP Paribas launches Strong Super reporting solution

JAMES FERNYHOUGH  |  WEDNESDAY, 24 JUL 2013
... look-through requirements are likely to be particularly exacting, though the precise details are yet to be released. As custodians carry out the investments on behalf of the super funds, they are the ones who have access to the required information. ...

Stronger Super look-through requirements may erode competitive edge

JAMES FERNYHOUGH  |  FRIDAY, 5 JUL 2013
... transparency - he said there are issues which have not been addressed. The first is the administrative burden. He said custodians are working very hard to help funds comply. "But one thing I can guarantee you is that they ain't gonna do it for free. ...

ASIC increases NTA requirements for custodians

JAMES FERNYHOUGH  |  MONDAY, 1 JUL 2013
The Australian Securities and Investments Commission (ASIC) has introduced new regulations over the amount custodians are required to hold in net tangible assets (NTA). Under the new regulations, custodians must hold 10% of average annual revenue in ...

Super charter should be enshrined in legislation: AIST

JAMES FERNYHOUGH  |  THURSDAY, 27 JUN 2013
... In a submission to the discussion paper, the AIST also said it supports the formation of a Council of Superannuation Custodians, arguing that, "the Australian superannuation system has matured to the point where there is a need for a body to take responsibility ...

Hyperion joins Calastone's automated network

MARK SMITH  |  THURSDAY, 20 JUN 2013
... superannuation and managed fund industries. The fund manager's membership automates flows from participating platforms and custodians into Hyperion Funds. "Hyperion welcomes the automation of this manual process with the reduced risks and the increased ...

State Street appoints head of active investment

JAMES FERNYHOUGH  |  THURSDAY, 20 JUN 2013
... which has impacted investment returns and interest rates," Powers said. State Street is one of the world's biggest custodians, one of the largest managers of institutional money and the world's second biggest provider of Exchange Traded Funds (ETFs). ...

Government to hold public forums on Super Charter

JAMES FERNYHOUGH  |  MONDAY, 3 JUN 2013
... announced its intention to create the Super Charter in April. It also announced the creation of a Council of Superannuation Custodians to serve as guardians of the Charter. "The purpose of the Charter," according to Shorten, "is to enshrine the core ...

SPAA gives support to Council of Super Custodians

JAMES FERNYHOUGH  |  MONDAY, 13 MAY 2013
... Professionals' Association of Australia (SPAA) has voiced support for the government's move to set up a Council of Super Custodians. Minister for Financial Services and Superannuation Bill Shorten announced the creation of a Charter Group last week. ...

No need for more super bureaucracy: Cormann

LAURA MILLAN  |  FRIDAY, 10 MAY 2013
... announcement of a superannuation charter. Cormann was also critical of the creation of the Council of Superannuation Custodians, announced by the government earlier this year. "We already have a Council of Custodians and they are the Australian people ...