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Showing 281 - 290 of 3319 results for "Trustees"

Cole puts funds on notice as expenditure data is revealed

ELIZA BAVIN  |  WEDNESDAY, 30 OCT 2024
... "The measure of whether expenditure is appropriate under BFID is not whether it passes the 'pub test', although trustees might well have good reason to take public opinion and reputational considerations into account. The measure is whether trustees ...

EQT wins RE mandates for FIIG Securities, Nanuk AM

MATTHEW WAI  |  WEDNESDAY, 30 OCT 2024
Equity Trustees (EQT) will serve as responsible entity for two recently launched vehicles. EQT has been handed RE mandates for the FIIG Monthly Income Fund and the Nanuk New World Fund (Currency Hedged) Active ETF. EQT executive general manager, corporate ...

APRA questioned on super performance test

ELIZA BAVIN  |  FRIDAY, 25 OCT 2024
... had any implications for stability. But I do think it will be difficult to take those responsibilities away from the trustees, the funds, who are best placed to oversee the investment strategy and its investment spread." In his opening remarks, APRA ...

Operational risk reserve targets trimmed for larger funds

JAMIE WILLIAMSON  |  THURSDAY, 24 OCT 2024
... drawing on their operation risk reserves in instances such as these, despite the reserves being fully funded and the trustees being entitled to do so. From next July, super funds with more than $30 billion in funds under management (FUM) will need to ...

APRA prioritises supervision of trustee spending

JAMIE WILLIAMSON  |  TUESDAY, 22 OCT 2024
The prudential regulator is clamping down harder on super trustees' spending, saying it has identified "deficient" and "questionable" practices among funds. APRA deputy chair Margaret Cole has informed all RSE licensees that it will be intensifying ...

HUB24 share price, FUA skyrocket

KARREN VERGARA  |  TUESDAY, 15 OCT 2024
... billion and are well-positioned for future growth." HUB24 entered a custody and technology solutions agreement with Equity Trustees (EQT) in April 2023. About $1.5 billion was migrated to EQT in October and a total of $4.1 billion has shifted to date. ...

BNP Paribas shutters EARTH Trust

JAMIE WILLIAMSON  |  FRIDAY, 11 OCT 2024
... notified of the fund's termination, which is scheduled to be completed by November 22. As responsible entity, Equity Trustees said the decision to wind up the fund was due to the fund not attracting the desired number of investors or investment scale ...

ASIC seeks $27m penalty against AustralianSuper

ELIZA BAVIN  |  THURSDAY, 10 OCT 2024
... Justice Hespe said. "I understand that there are competing demands on the attention and funds of corporates, superannuation trustees and the like, but, to me, the underlying conduct that is of serious concern is the priority given to and the focus that ...

Nudging pre-retirees has 'little effect'

ELIZA BAVIN  |  WEDNESDAY, 25 SEP 2024
... govern how superannuation funds can interact with, and provide advice to, their members," ASFA said. "Superannuation trustees are required to develop and implement a strategy that aims to maximise the retirement income of their members while managing ...

APRA calls out high-cost super platforms

ELIZA BAVIN  |  TUESDAY, 24 SEP 2024
... relative to peers, the CPPP identified additional products that underperformed. "Product performance is a key element that trustees must consider when managing the retirement savings of their members. While performance of products across the entire superannuation ...