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Showing 3171 - 3180 of 10367 results for "Trust"

Former Cbus chief takes prime role at AMP Capital

KANIKA SOOD  |  WEDNESDAY, 2 DEC 2020
... working in trade unions before taking up a job as a communications officer at AustralianSuper's predecessor Superannuation Trust of Australia (STA). He joined Cbus in 2008 and had previously served as the chief executive of Emergency Services and ...

Hannover reverses out of group insurance

KANIKA SOOD  |  TUESDAY, 1 DEC 2020
More than 10 superannuation funds could soon be looking for a new group life insurer, as Hannover Re reverses out of the segment to focus on reinsurance. The German insurer currently has insurance mandates for large superannuation funds like Equipsuper ...

Mercer restructures fees, asset allocation

KARREN VERGARA  |  TUESDAY, 1 DEC 2020
... lifecycle products, which includes slashing administration fees and simplifying fee structures. From 1 April 2021, Mercer Super Trust will drop two sets of headline admin fees. MySuper members in Mercer SmartPath will see admin fees reduce from 0.55% ...

HESTA partners with Australian Unity

ELIZABETH MCARTHUR  |  TUESDAY, 1 DEC 2020
... issuance of Mutual Capital Instruments (MCIs). The super fund is making this investment through its Social Impact Investment Trust, managed by impact investment manager Social Ventures Australia. This trust aims to create a pipeline of impact investments ...

Magellan adds to board

ANNABELLE DICKSON  |  MONDAY, 30 NOV 2020
... Garnsey added. Magellan last week announced it is removing its currency hedging strategy in the Magellan High Conviction Trust to reduce the downside risk to the portfolio when equity markets and the value of the Australian dollar are both declining. ...

CFA Societies adds board members, president

ANNABELLE DICKSON  |  MONDAY, 30 NOV 2020
... director Jake Koundakjian have all departed from the board. CFA Society Melbourne thanked departing board members Mutual Trust chief investment officer Graeme Bibby, UniSuper manager of equities Thomas Tam, NAB head of capital group William Nigro and ...

AMP Capital drops fees on listed property fund

KANIKA SOOD  |  FRIDAY, 27 NOV 2020
AMP Capital has dropped the management fee its $126 million Listed Property Trusts Fund by 18 bps. The fund, which invests in REITs and stocks of real estate related sectors, is dropping from 0.97% per year in management fees to 0.79% per year. The ...

Finance is least ethical sector: Governance Institute

ANNABELLE DICKSON  |  FRIDAY, 27 NOV 2020
... overall ethical rating reached a new high of 52% from 37% in 2019. "It seems that a year of hardship, in which co-operation, trust and transparency have become paramount, has changed our perceptions around how we function as a society," Motto said. The ...

Your Future, Your Super reforms closer to legislation

KARREN VERGARA  |  FRIDAY, 27 NOV 2020
The federal government has released its draft legislation for the Your Future, Your Super reforms, opening the industry consultation period until December 24. The package of reforms, which was unveiled in the 2020-21 budget, has four main components ...

Exemptions to AFSLs explained by ASIC

ELIZA BAVIN  |  THURSDAY, 26 NOV 2020
The Australian Securities and Exchange Commission (ASIC) has provided guidance to trustees of unregistered managed investment schemes in relation to whether they require an Australian financial services licence. The regulator stressed that a trustee ...