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Showing 2981 - 2990 of 22782 results for "Funds"

Retail super funds plan to merge

ANDREW MCKEAN  |  WEDNESDAY, 26 JUL 2023
... under management of $2.7 billion as of 30 June 2022. Meanwhile, Centric Super has just shy of 1000 accounts and $9 billion funds under administration. Centric Super was also identified as the optimal choice for the merger because of its existing relationships ...

ASIC sues Vanguard for greenwash in bond fund

RACHEL ALEMBAKIS  |  TUESDAY, 25 JUL 2023
... the fund, at least 14 issuers that collectively issued at least 27 bonds. ASIC alleges that these bonds exposed investor funds to investments which had ties to fossil fuels, including those with activities linked to oil and gas exploration, highlighting ...

Spaceship secures $6m, plans new offering

JAMIE WILLIAMSON  |  MONDAY, 24 JUL 2023
... have the confidence of our major shareholders, who share our vision." Spaceship currently has a total of $1.3 billion in funds under management and about 22,000 customers. More than $500 million of this is held across its Voyager funds series. "Spaceship ...

Aware Super migrates members to Bravura platform

ANDREW MCKEAN  |  MONDAY, 24 JUL 2023
... fund at the forefront of digital engagement within the superannuation sector. Stewart said: "Superannuation and pension funds are long overdue for digital transformation. To stay competitive and meet new regulations they need to give members the kind ...

Super sector falling behind in cyber security: Podcast

CASSANDRA BALDINI  |  MONDAY, 24 JUL 2023
... Financial Standard podcast, Rao said the super industry is a lucrative target for cybercriminals, due to the sheer size of the funds it manages. "If you think about the systems and the process that are outsourced to IT service providers, the back-end ...

Insignia offloads investment bonds unit

KARREN VERGARA  |  MONDAY, 24 JUL 2023
... contingent amount of up to $4 million payable 12 months after completion, which is subject to the transition of clients and funds under management to Australian Unity. The transaction is subject to regulatory approvals. In the 2022 financial year, IOOF ...

Mercer appoints first Wealth Pacific chief

ANDREW MCKEAN  |  MONDAY, 24 JUL 2023
... portfolio across Australia and New Zealand, comprising the Mercer Super Trust - one of Australia's largest superannuation funds with around $63 billion in assets under management. The super fund also boasts a robust membership, approximately 850,000. ...

ASIC continues to reprimand SMSF auditors

CHLOE WALKER  |  MONDAY, 24 JUL 2023
... called into question the integrity of SMSF audits. "The SMSF sector holds more than $865 billion in assets in over 600,000 funds and it is crucial that SMSF auditors comply with their regulatory obligations," Press said. "ASIC will continue to take action ...

Partners Wealth Group names head of alternatives

CHLOE WALKER  |  MONDAY, 24 JUL 2023
... its wholesale investment business, Partners Private. The newly created role will see Juventin lead the Partners Private funds research and due diligence process, while also contributing additional insights across the combined investments functions from ...

APRA toughens stress testing frequency, valuation stance

KARREN VERGARA, RACHEL ALEMBAKIS  |  FRIDAY, 21 JUL 2023
The prudential regulator is reinforcing the importance of superannuation funds to conduct more rigorous and frequent stress testing amid the fracas over valuations in the property sector. In updating Prudential Practice Guide SPG 530 Investment Governance ...