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Showing 3031 - 3040 of 10367 results for "Trust"

Women boost SMSF balances

ANNABELLE DICKSON  |  WEDNESDAY, 10 MAR 2021
The average SMSF member balance for women has increased more than it has for men over a five-year period to the 2018/19 financial year, new data shows. The Australian Taxation Office's (ATO) annual statistical overview on SMSFs showed the average female ...

ASIC pursues criminal charges in super

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAR 2021
ASIC has outlined its ongoing body of work in the superannuation space, confirming it has compiled two briefs of evidence in support of criminal charges with the Commonwealth Director of Public Prosecutions and is undertaking more than 20 enforcement ...

Former QIC executive joins Qualitas

KARREN VERGARA  |  WEDNESDAY, 10 MAR 2021
Qualitas has appointed former QIC executive director Brian Delaney to its board. Delaney joined Qualitas on March 1, replacing Carol Schwartz who retired after 12 years as a non-executive director. At QIC, Delaney spent more than eight years in senior ...

Quasi-mergers in APRA's sights

ELIZA BAVIN  |  WEDNESDAY, 10 MAR 2021
The prudential regulator has acknowledged concerns over "quasi-mergers" raised by Senator Andrew Bragg. In a letter provided to Financial Standard, Bragg contacted APRA in February to express concerns over the "quasi-merger" between Maritime Super and ...

AMP Capital Ethical Leaders dropped by another super fund

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 MAR 2021
Another super fund has axed AMP Capital Ethical Leaders Balanced Fund as the sole manager of its socially responsible option, citing liquidity concerns and negative press. Mercy Super has made the decision to drop AMP Capital Ethical Leaders as the ...

APRA calls out poor group insurance practices

KARREN VERGARA  |  TUESDAY, 9 MAR 2021
The prudential regulator has lambasted the group insurance sector for several practices it deems disagreeable, casting doubt over the future viability of insurance provided via superannuation. APRA recently wrote to superannuation funds and life insurers ...

Equity Trustees wins super trustee mandate

KANIKA SOOD  |  TUESDAY, 9 MAR 2021
Equity Trustees has been appointed as the superannuation trustee of a $400 million master trust. The Aracon Superannuation Fund will use Equity Trustees Superannuation Limited as its independent trustee. Aracon is a master plan whose sub-plans include ...

AMP Capital severs ties with global equities unit

KARREN VERGARA  |  TUESDAY, 9 MAR 2021
AMP Capital will offload its $653 million global equities capability to a Canadian fund manager for an undisclosed figure. Montreal-based Fiera Capital has agreed to acquire the four-year-old strategy available to investors in the UK, via a UCITS platform ...

Women-led super funds outperform

KARREN VERGARA  |  MONDAY, 8 MAR 2021
New research shows superannuation funds with females holding an executive position continue to outperform male counterparts. Of the 50 super funds analysed in Rainmaker's annual W-Index, one-third of leadership roles such as chairs of the board ...

NGS strengthens ESG, ups fees

ELIZABETH MCARTHUR  |  MONDAY, 8 MAR 2021
NGS Super, the $12 billion industry fund for non-government schools, has strengthened the exclusions in its socially responsible investment option and increased fees. The fund notified members that new exclusions will be applied to its Socially Responsible ...