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Showing 301 - 310 of 3319 results for "Trustees"

Cairns resurfaces at Associate Global Partners

KARREN VERGARA  |  WEDNESDAY, 28 AUG 2024
... with Woodbridge Capital ended. The loss accounted for 5% of the AGP's revenue in FY24. Woodbridge appointed Equity Trustees (EQT) as Responsible Entity (RE) on August 1. AGP reported total funds under management of $1.22 billion, with net outflows ...

APRA reorganises as it sets sights on superannuation

ELIZA BAVIN  |  WEDNESDAY, 28 AUG 2024
... outlines how the regulator will maintain the "strength and stability of Australia's banks, insurers and superannuation trustees over the next four years". APRA's top priorities will include working with ASIC to ensure superannuation trustees meet their ...

AET boosts Equity Trustees' FY24 performance

KARREN VERGARA  |  FRIDAY, 23 AUG 2024
The acquisition of Australian Executor Trustees (AET) has bolstered the revenue and client book of Equity Trustees (EQT) in the last financial year. EQT's revenue increased 23.1% to $174 million in the 12 months to June, benefiting from the integration ...

Insignia Financial books $185m loss, halts dividends

JAMIE WILLIAMSON  |  THURSDAY, 22 AUG 2024
... compared to the $51.2 million in net profit it reported in FY23, which included the proceeds of the Australian Executor Trustees sale. That said, underlying net profit after tax came in at $216.6 million, up about 14% on last year's $191 million. The ...

Equity Trustees names chief risk officer

MATTHEW WAI  |  TUESDAY, 20 AUG 2024
Equity Trustees (EQT) has announced the appointment of Nevein Versace to the role of chief risk officer, set to begin September 23. She will replace the outgoing Owen Brailsford, who is set to leave the business after five years at the end of August. ...

Super's board requirements are sound: SMC

ELIZA BAVIN  |  TUESDAY, 20 AUG 2024
... members. "That member-service ethos is reflected in the equal representation model." Schubert said the law requires all trustees to operate to the highest standards of governance and performance and there is no evidence that a change in the model is ...

'Our patience is running thin': ASIC

ELIZA BAVIN  |  THURSDAY, 15 AUG 2024
... Securities and Investments Commission (ASIC) commissioner Simone Constant did not hold back when addressing superannuation trustees at an industry event yesterday. Constant said the regulator expects much more from super funds in being transparent and ...

Super performance test needs personal rate of return: Adviser

KARREN VERGARA  |  THURSDAY, 15 AUG 2024
... Treasury launched a consultation in March asking stakeholders to propose options on how it can improve the test to "hold trustees to account for delivering the best financial outcomes for members". In its submission, the Financial Services Council (FSC) ...

APRA reprimands Cbus, BUSSQ over governance issues

ANDREW MCKEAN  |  WEDNESDAY, 14 AUG 2024
... "swift, well-resourced and significant enforcement action." APRA said it was concerned about "the potential impact on trustees" in light of recent allegations, particularly given the steps taken by the federal government and Fair Work Commission. The ...

AFCA urges super trustees to improve processes

ELIZA BAVIN  |  TUESDAY, 13 AUG 2024
... financial year, less than 20 came from superannuation fund members. "That's pleasing - but not a reason for complacency by trustees or fund members," AFCA lead ombudsman, superannuation, Heather Gray said. "Scam-related complaints in super may be small ...