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| | | The prudential regulator has clarified Canberra's Your Future, Your Super performance test by adding new answers to its website. The test applies from July 2021, to My Super products and from July 2022 to trustee-directed products. APRA said it ... |
| | | | Franklin Templeton yesterday announced Matthew Harrison and Tariq Ahmad as co-heads of APAC. Harrison, the current managing director of Australia, and Ahmad, the current head of Asia distribution, will have joint ownership and accountability of APAC ... |
| | | | HESTA and Mercy Super are planning to undertake a successor fund transfer by the end of the year. Mercy Super said the merger has been strategically planned for some time. If it goes ahead, the merger would bring HESTA's funds under management to ... |
| | | | Catherine Bolger's term as president of the Australian Institute of Superannuation Trustees will come to an end next month. Bolger has held the position since 2018 and has sat on the AIST board since 2016. She is also a director of State Super. ... |
| | | | The corporate regulator obtained interim orders from the Federal Court to freeze the assets of Sasha Hopkins and two of his companies, alleging he was misleading clients and running a financial service business without a licence. ASIC alleges that Hopkins ... |
| | | | The Reserve Bank of Australia (RBA) has decided to increase the cash rate target by 50 basis points to 85 basis points. The central bank also raised the interest rate on exchange settlement balances by 50 basis points to 75 basis points. At its meeting ... |
| | | | Almost eight years on from the research house's collapse, Mark Thomas has pleaded guilty to using his position within the firm to his own advantage, namely so that he could maintain control of the company. Thomas, van Eyk's former chief executive and ... |
| | | | Mercy Super has appointed a new group insurer, with the mandate effective August 1. Following a competitive tender process, Zurich has been mandated to provide cover to the $1.5 billion fund's 13,000 members. In naming Zurich as its insurance partner ... |
| | | | With the transfer of the AMP Capital multi-asset group into its wealth management business now complete, AMP has created AMP Investments. Run by chief investment officer Anna Shelley, AMP Investments oversees $84.7 billion in assets which includes funds ... |
| | | | Following shareholder opposition underscored by ESG concerns, AGL will no longer pursue a demerger; a move that sees the departure of its chief executive Graeme Hunt and chair Peter Botten. Today, AGL board of directors announced the company would withdraw ... |
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