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Showing 11 - 20 of 109 results for "Diversa"

Spaceship told to cease super, funds distribution

JAMIE WILLIAMSON  |  FRIDAY, 2 JUN 2023
... under the Design and Distribution Obligations. The orders were served on May 31, barring Spaceship Capital and its issuer Diversa from distributing or providing financial product advice to retail clients recommending the products. ASIC is concerned the ...

Industry fund market share soars: KPMG

ANDREW MCKEAN  |  THURSDAY, 4 MAY 2023
... merger activity drove this trend. Despite the consolidation in the industry, platforms like HUB24 and Netwealth, as well as Diversa and Australian Ethical, managed to achieve organic membership.

Equity Trustees, OnePath dominate choice heatmap failure

KARREN VERGARA  |  WEDNESDAY, 26 APR 2023
... performance and better fee structures," she said. APRA also detailed which products charged exorbitant administration fees. Diversa Trustees' numerous subplans like Verve Super, Spaceship Super, Cruelty Free Super and Slate Super are among the most ...

Allan Gray transfers platform, exits super

JAMIE WILLIAMSON  |  MONDAY, 6 MAR 2023
... market". Initially a sub-plan under LESF Super, in May 2022 Allan Gray's superannuation offering was merged into another of Diversa's sub-plans, YourChoice Super. At the time it was said that transferring to YourChoice provided "the necessary scale to ...

Mercer embroiled in greenwashing allegations

KARREN VERGARA  |  TUESDAY, 28 FEB 2023
... already slapped over $140,000 in infringement notices relating to greenwashing issues. Vanguard Investments Australia, Diversa Trustees, Tlou Energy and Black Mountain Energy have all copped a fine.

Another Diversa offering bites the dust

JAMIE WILLIAMSON  |  TUESDAY, 31 JAN 2023
Diversa is winding up DIY Master Plan, saying it is in the best interests of members, who will now be transferred to HUB24 Super. Established in 2007, DIY Master Plan is a solution for financial advice groups looking to offer their own superannuation ...

APRA slaps conditions on Diversa

JAMIE WILLIAMSON  |  TUESDAY, 24 JAN 2023
... regulatory and compliance obligations; heightened inherent business risks driven by the complex structure and operations of Diversa; and concerns related to Diversa's ability to deliver quality member outcomes, including in relation to high fees ...

ASIC takes action against more greenwashing

RACHEL ALEMBAKIS  |  TUESDAY, 10 JAN 2023
... entities over alleged false or misleading statements. Earlier this month, ASIC announced it fined superannuation trustee Diversa Trustees $13,320. Diversa is the issuer of superannuation product Cruelty Free Super. Cruelty Free Super is a sub-fund of ...

AMG Super to take on fledgling super product

JAMIE WILLIAMSON  |  TUESDAY, 6 DEC 2022
... solution offered by micro investing platform Raiz, will become a division of AMG Super on or around December 16 after Diversa determined a successor fund transfer was in the best interests of members. According to Raiz's latest ASX filings, Raiz ...

MobiSuper, licensee to pay $250k penalty

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
... November 2019. The action also involved Andrew Grover, a director of MobiSuper and ZIB. The trustee for MobiSuper is now Diversa. MobiSuper is a sub-plan of the Tidswell Master Superannuation Plan and, according to its most recent Member Outcomes Assessment ...