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| | | Natixis Investment Managers has added two distribution leads who will respectively focus on institutional and private wealth clients. James Damicoucas joined as director of institutional sales this month. Based in Melbourne, Damicoucas was most recently ... |
| | | | ... said Totus had considered the impact this would have on the remaining investors and the sustainability of continuing to cover operating expenses and concluded the fund's purpose could no longer be accomplished. "As a result, Perpetual has determined ... |
| | | | Equity Trustees (EQT) vows to defend itself against ASIC's lawsuit alleging it failed superannuation trustee duties over the collapse of the Shield Master Fund, as details emerge of how one of its analysts red flagged the product but was allegedly ... |
| | | | Financial services firms stand at a pivotal juncture. Those in one camp, with their heads buried in the sand, can no longer ignore the fact that artificial intelligence (AI), particularly its sidekick generative AI (GenAI), is everywhere. The other ... |
| | | | ... Super accumulation and defined benefit members will see their premiums reduce for total and permanent disablement (TPD) cover. This excludes BOC and Rio Tinto plans. The cost of TPD cover will be lower by 2.8%. Defined benefit members with voluntary ... |
| | | | ... appropriate that consumers should miss out by delaying payments to them until the cumulative sector cap payments are sufficient to cover their full losses," Abood said. "It could take many years for consumers to receive compensation using this approach ... |
| | | | ... 0.61%. On November 1, several insurance fee changes will take effect. For example, insurance fees charged for death and TPD cover will increase by about 5.8% p.a. Personal Division members who already have default cover in place for at least 24 months ... |
| | | | AMP, Insignia Financial and Bendigo SmartStart are the only superannuation fund providers whose platform trustee-directed products (TDP) failed APRA's latest performance test. Only seven out of the 563 products that APRA tested failed in its latest ... |
| | | | Equity Trustees will face court over its alleged due diligence failures concerning the Shield Master Fund. ASIC flagged that as a superannuation trustee, Equity Trustees oversaw the investment of around $160 million of retirement savings into Shield ... |
| | | | New Forests is acquiring close to 50% of McPhee Beef Farms in New South Wales and will look to implement more regenerative agriculture practices and reduce its emissions. The acquisition is being made via New Forests' Australia New Zealand Landscapes ... |
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