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| | | Vanguard expects to launch its product before the end of the year, having been handed a registrable superannuation entity licence. APRA granted a new RSE licence to Vanguard Super Pty Ltd, the trustee of Vanguard Super, yesterday. In an update, Vanguard ... |
| | | | AustralianSuper has raised the fees of most investment options on account of its recent investments in several large infrastructure and property assets. The fund's balanced option, in which more than 90% of its members are invested, saw its fees ... |
| | | | Insignia Financial announced its underlying net profit after tax (UNPAT) has increased 59% to $234.5 million in FY22 from $147.8 million last year. The results were driven by the completion of the MLC acquisition in May as well as strong business growth ... |
| | | | Six of the largest financial institutions have paid or offered a total of $3.6 billion in compensation to consumers over fees for no service and non-compliant advice. The new stats come as the Financial Planning Association of Australia calls for an ... |
| | | | Equity Trustees will become the responsible entity partner of Tanarra Credit Partners' new TCP Private Debt Income Fund. The TCP Private Debt Income Fund aims to provide investors attractive risk-adjusted returns with a focus on capital preservation ... |
| | | | ... ageing population. "ASIC will take strong and targeted enforcement action to protect consumers and investors and to maintain trust and integrity in the financial system," he said. "ASIC is looking to the longer term and planning over the next four years. ... |
| | | | ... possible for our members," Grocke said. "Following a rigorous process, we're pleased to have chosen the Mercer Super Trust, where our members will access a wider range of services, options and personalised support to get the most out of their super ... |
| | | | Laura Wright has retired from NGS Super, with an acting chief executive now in charge. Wright's retirement follows 35 years in industry superannuation and 14 years with NGS Super, the last four as chief executive. In the early 1990s, she also served ... |
| | | | Equity Trustees has announced it will acquire Insignia Financial's Australian Executor Trustees (AET) for $135 million. Following last week's market speculation, a statement said the acquisition will deliver significant growth for EQT, adding ... |
| | | | ... an 11.4% decline in assets. It now has $983 billion in total under custody for Australian investors. Meanwhile, Northern Trust is in second place with $679.3 billion, down 6.9%. Citigroup is third but saw the largest overall drop in assets, declining ... |
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