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Showing 2581 - 2590 of 21895 results for "Fund."

CSLR estimates $241m to fund backlog of complaints

JAMIE WILLIAMSON  |  TUESDAY, 9 JAN 2024
The board of the Compensation Scheme of Last Resort (CSLR) estimates $241 million will be needed to fund claims lodged with the Australian Financial Complaints Authority (AFCA) between November 2018 and September 2022. The CSLR is set to begin receiving ...

More outflows for Platinum

KARREN VERGARA  |  TUESDAY, 9 JAN 2024
Platinum Investment Management reported another month of net outflows as the fund manager confirmed the start date of its new chief executive. In December 2023, Platinum recorded net outflows of about $235 million to finish the year with $15.4 billion ...

Prime Super appoints new custodian

ANDREW MCKEAN  |  TUESDAY, 19 DEC 2023
... and improved investment outcomes," England said. Meanwhile, Citi revealed yesterday an enhancement to its exchange-traded fund (ETF) custodial services, introducing dual-access ETF capabilities that allow investors to access funds through both exchange ...

FEAL board welcomes Ian Patrick

ELIZABETH FRY  |  TUESDAY, 19 DEC 2023
Australian Retirement Trust chief investment officer Ian Patrick will replace Paul Watson on the board following the latter's resignation from Hostplus as group executive of member experience. Welcoming Patrick to the board, The Fund Executives ...

Industry funds gear up for brand transformation post-merger

ANDREW MCKEAN  |  TUESDAY, 19 DEC 2023
Mine Super and TWUSUPER, expected to finalise their merger by mid-2024, will unite under a new name - Team Super. Mine Super chair Christina Langby and TWUSUPER chair Nick Sherry said the name Team Super not only honours the combined industry heritage ...

Rest awards mandate for member experience enhancement

ANDREW MCKEAN  |  MONDAY, 18 DEC 2023
Rest Super has contracted Reunion, a creative agency, to improve its member experience. Following a competitive tender, the nearly two-million-member strong superannuation fund said that it will work with Reunion to help members better understand and ...

Citi broadens custody offering

ANDREW MCKEAN  |  MONDAY, 18 DEC 2023
Citi Securities Services has introduced capabilities to support dual-access exchange-traded funds (ETFs), affording investors the flexibility to access funds via an exchange or unlisted distribution channel. The global custodian now distinguishes itself ...

Mitsubishi UFJ Financial Group to acquire Link Group

KARREN VERGARA  |  MONDAY, 18 DEC 2023
Mitsubishi UFJ Financial Group (MUFG) is set to pay $1.2 billion for Link Group. MUFG's subsidiary Mitsubishi UFJ Trust & Banking Corporation (The Trust Bank) parties signed the scheme implementation deed today that will pay $2.26 cash for every ...

What you read in 2023

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
Once again, Financial Standard readers were captivated by the evolving superannuation landscape, with this year's top stories largely focused on this space. However, there was one particular executive move that simply couldn't be scrolled past. ...

Morningstar reveals Australian equities upgrades, downgrades

ANDREW MCKEAN  |  FRIDAY, 15 DEC 2023
On completion of Australian Equities reviews, Morningstar upgraded its ratings for three share classes across three strategies and downgraded 10 share classes across 10 strategies. Realindex Australian Share Value Class A was called an excellent choice ...