Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 11 - 20 of 47 results for "APS"

Australian Retirement Trust announces next merger partner

ELIZABETH MCARTHUR  |  THURSDAY, 3 MAR 2022
Australian Retirement Trust (ART), the entity created by the merger of QSuper and Sunsuper, has announced its next merger partner. The Australia Post Superannuation Scheme (APSS) has formally agreed to merge with ART. The APSS trustee's independent ...

Australia Post Super Scheme cuts premiums by 10%

ELIZABETH MCARTHUR  |  THURSDAY, 4 NOV 2021
Some members of Australia Post Super Scheme (APSS) will enjoy reduced insurance premiums as the fund makes several alterations. The $8 billion APSS informed members that there will be a few changes to investments, strategic asset allocations and group ...

TPT Wealth builds out team

ANNABELLE DICKSON  |  MONDAY, 11 OCT 2021
The trustee and wealth management business of MyState Group appointed two senior managers as it aims to grow its funds under management. Joe Youssef joined as senior manager, wholesale and Trev McCallum has taken on the role of senior manager, wholesale ...

Elston hires head of philanthropic services

JAMIE WILLIAMSON  |  WEDNESDAY, 25 AUG 2021
... Susan Chenoweth has taken the role at Elston, joining from Australian Philanthropic Services where she served as head of the APS Foundation. At Elston, she will lead the dedicated philanthropy offering established by the firm two years ago. With 20 years' ...

BlackRock wins monumental mandate

ANNABELLE DICKSON  |  THURSDAY, 3 JUN 2021
... (£21.5 billion) of British Airways Pensions' assets. The mandate is for the investment management of Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS) which serve more than 85,000 members. Both APS and NAPs where previously managed ...

EISS Super, TWUSUPER explore merger

KANIKA SOOD  |  TUESDAY, 13 APR 2021
The two industry superannuation funds have signed a memorandum of understanding to weigh a potential merger. If the merger proceeds, the combined fund will have about 130,000 members and $12 billion in funds under management. In a joint statement, the ...

APSS explores merger with Sunsuper

ANNABELLE DICKSON  |  FRIDAY, 26 MAR 2021
The Australia Post Superannuation Scheme (APSS) has signed a non-binding heads of agreement to explore a merger with Sunsuper. The $8 billion APSS has been closed to new Australia Post employees since 2012 and has around 30,000 members. APSS Trustee's ...

Vatican shakes up financial management

ELIZABETH MCARTHUR  |  MONDAY, 16 NOV 2020
By orders of the Pope, the Vatican has a new financial manager. Pope Francis declared that the administrative management of the Vatican's funds should be transferred from the Secretariat of State to the Administration of the Patrimony of the Apostolic ...

Bendigo and Adelaide Bank overstates liquidity

ANNABELLE DICKSON  |  THURSDAY, 22 OCT 2020
... liquidity after it failed to comply with liquidity standards. Bendigo and Adelaide Bank informed APRA last month of breaches to APS 210 which incorrectly classified some retail deposits into the most stable category of its liquidity coverage ratio and ...

APRA ditches property revaluation requirement

ELIZA BAVIN  |  THURSDAY, 18 JUN 2020
... it said. "The rationale for this change in part recognised that the calibration of the residential mortgage risk weights in APS 112 already includes an allowance for increases in the risk of residential mortgage exposures, including from house price ...