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Showing 251 - 260 of 3319 results for "Trustees"

Trustee valuation processes 'concerning': APRA review

JAMIE WILLIAMSON  |  TUESDAY, 17 DEC 2024
Many superannuation trustees have been told they must improve their valuation governance practices, with APRA finding just 11 have dedicated valuation committees while others involve staff members whose remuneration is tied to asset values in the process. ...

Hostplus' AFCA complaint response times lag

ELIZA BAVIN  |  MONDAY, 16 DEC 2024
... the average industry time of 24 days, according to ASIC's 2022 report Snapshot of complaints handling by superannuation trustees. The report also outlined how long the fund takes to deliver a death benefit claim from the notification of death to the ...

ART beefs up analytics team

ELIZABETH FRY  |  THURSDAY, 12 DEC 2024
... remediation. She was previously the head of ANZ Group Services and ran several of the lender's businesses, including ANZ Trustees ANZ Cook Islands and ANZ Taiwan. Dunn joined the Big Four lender after 18 years with HSBC, during which time she worked ...

Active Super transfers members to Challenger

JAMIE WILLIAMSON  |  WEDNESDAY, 11 DEC 2024
Challenger will take over Active Super's Guaranteed Income offering after it was determined transferring these member accounts to Vision Super would not be in their best interests. Active Super has informed members with a Guaranteed Income account ...

Insignia taps SS&C, outsources 1000 workers

KARREN VERGARA  |  TUESDAY, 10 DEC 2024
... into a binding master services agreement or that any transaction between the parties will proceed. This month, Equity Trustees finalised integrating Australian Executor Trustees, which it bought from Insignia in 2022 for $135 million.

MLC trustees to pay $65m in MySuper class action settlement

JAMIE WILLIAMSON  |  FRIDAY, 6 DEC 2024
... members in 2020. It was estimated the delay impacted about $6.8 billion in accrued default amounts. The action alleged the trustees breached their duties by delaying the transition of about 330,000 members' accounts to cheaper MySuper products. Most ...

New investment fund to drive gender equality

MATTHEW WAI  |  THURSDAY, 5 DEC 2024
... requires a minimum investment amount of $250,000. All major service providers to the fund, including Citigroup, Equity Trustees and Boardroom have also waived their usual fees; Equity Trustees has been selected as the responsible entity for the fund. ...

Equity Trustees completes AET integration

ELIZA BAVIN  |  THURSDAY, 5 DEC 2024
EQT Holdings Limited (Equity Trustees) has completed the integration of Australian Executor Trustees Limited (AET). The completion was marked by the conclusion of the Transition Service Agreement that Equity Trustees had in place with Insignia Financial ...

Trustees, advisers have 'insufficient focus' on performance

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2024
ASIC commissioner Alan Kirkland had told financial advisers and superannuation trustees that more needs to be done to ensure better retirement outcomes for Australians. It comes after ASIC released its superannuation choice products and their focus ...

Keystone Asset Management to be wound up

JAMIE WILLIAMSON  |  TUESDAY, 3 DEC 2024
... done primarily through their superannuation and using platforms linked to Macquarie Investment Management and Equity Trustees Superannuation. "The investigation to date suggests that potential investors were called by lead generators and referred to ...