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Showing 3051 - 3060 of 10367 results for "Trust"

Senator calls for super funds to stop shorting

ELIZABETH MCARTHUR  |  MONDAY, 1 MAR 2021
... 2020 annual members' meeting that it previously had a securities lending arrangement in place with State Street Bank and Trust Company which ended on 27 April 2020. "Through this arrangement, QSuper acted as the lender, earning a fee for the loan and ...

Australian equities funds downgraded

ANNABELLE DICKSON  |  MONDAY, 1 MAR 2021
... Australian Equal Weight ETF, UBS Australian Small Companies, Eley Griffiths Group Small Companies, Dimensional Australian Value Trust, Dimensional Australian Core Equity Trust, Bennelong Ex-20 Australian Equities and AB Managed Volatility Equities were ...

Retirement income framework on track: Frydenberg

KARREN VERGARA  |  FRIDAY, 26 FEB 2021
The Federal Treasurer is confident that the Retirement Income Covenant will go ahead in mid-2022 despite several issues that need to be ironed out. In addressing the 2021 Council of the Ageing (COTA) National Policy Forum on Retirement Income this morning ...

Government passes advice, super reforms

ANNABELLE DICKSON  |  FRIDAY, 26 FEB 2021
... superannuation, financial services and the digital economy Jane Hume said the changes are an "important step in restoring trust and confidence in the financial system". CHOICE's finance policy adviser Patrick Veyret agreed and welcomed the legislation ...

UK drags Bravura performance

KARREN VERGARA  |  THURSDAY, 25 FEB 2021
Bravura Solutions is feeling the sting of COVID-19 as its overseas operations deliver large blows to its profitability of more than 50%. The administration and management software provider announced that its UK and South African units have severely ...

Standard Life Aberdeen sells 196-year-old brand

JAMIE WILLIAMSON  |  WEDNESDAY, 24 FEB 2021
Following the pair's strategic partnership in 2018, Standard Life Aberdeen will sell the Standard Life name to Phoenix Group as part of a revised deal. Standard Life Aberdeen, which has a 14% stake in Phoenix Group as part of the partnership, entered ...

First Sentier funds appoint new RE

KANIKA SOOD  |  WEDNESDAY, 24 FEB 2021
... has shed its responsible entity relationship with Colonial First State, naming a new RE for 13 of its funds. Perpetual's Trust Company will act as the responsible entity for the 13 funds. The change comes after shareholder vote and retires Colonial First ...

ERS dents Raiz Super by $13m

KARREN VERGARA  |  WEDNESDAY, 24 FEB 2021
Raiz's superannuation offering paid out $13 million as a result of the early release of super scheme but managed to keep funds under management afloat. The micro-investing platform reported superannuation assets grew by 27% on the prior corresponding ...

Wells Fargo sells asset management business

ELIZA BAVIN  |  WEDNESDAY, 24 FEB 2021
Wells Fargo has entered into a definitive agreement to sell Wells Fargo Asset Management (WFAM) to GTCR and Reverence Capital Partners for US$2.1 billion, while also offloading four of its closed-end funds. The sale includes Wells Fargo Bank N.A.'s ...

T. Rowe Price names new executive

ELIZA BAVIN  |  WEDNESDAY, 24 FEB 2021
T. Rowe Price has promoted from within to appoint a new wholesale and family office distribution lead for Australia and New Zealand. The global asset manager announced the appointment of Jacqui Arnott who has been working at the firm since 2015. Arnott ...