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Showing 3331 - 3340 of 18263 results for "Plan"

APRA intensifies scrutiny of underperformers

KARREN VERGARA  |  FRIDAY, 10 SEP 2021
... inquiry heard that the 13 funds must provide a report to APRA identifying the causes of their underperformance and how they plan to address them. "Trustees have to monitor their products closely and report important information to APRA - including relating ...

HESTA hires growth executive

JAMIE WILLIAMSON  |  THURSDAY, 9 SEP 2021
The super fund has welcomed a chief growth officer, in what is a newly created role. Tim Mitchell-Adams has been appointed to lead HESTA's growth team, working alongside general manager, new business and growth enablement Joe Agius who joined in July. ...

Apollo expands in Australia, acquires fund manager stake

KARREN VERGARA  |  THURSDAY, 9 SEP 2021
... and high-net-worth investors. "This partnership is a watershed moment and a key component of our team's long-term strategic plan. Now we are looking forward to the next phase of MaxCap' s growth and to delivering further client value together with a ...

Platinum LICs combine boards

KANIKA SOOD  |  WEDNESDAY, 8 SEP 2021
Platinum Asset Management's Asian equities and global equities LIC will now have a common board, as its Asia LIC's chair Malcolm Halstead retires. Platinum Capital Limited (ASX: PMC) and Platinum Asia Investments Limited (ASX: PAI) will both ...

Breach reporting guidance released

KARREN VERGARA  |  WEDNESDAY, 8 SEP 2021
ASIC has released more details on how financial advisers providing advice to retail clients can comply with the upcoming breach reporting law. Information sheet 259 Complying with the notify, investigate and remediate obligations sets out further guidance ...

State Street acquires custodian for $4.7bn

KARREN VERGARA  |  WEDNESDAY, 8 SEP 2021
State Street Corporation will acquire the custody business of a competitor for $4.74 billion (US$3.5bn). New York-headquartered Brown Brothers Harriman & Co. (BBH) has entered into a definitive agreement with State Street to sell BBH Investor Services ...

AZ NGA takes stake in boutique

ANNABELLE DICKSON  |  WEDNESDAY, 8 SEP 2021
AZ Next Generation Advisory acquired a minority stake in Cranage Financial Group to assist in building scale. Cranage Financial Group is a self-licensed advisory firm with $300 million in funds under management, $2 million in annual in-force life insurance ...

APAC pension funds fastest growing: Study

JAMIE WILLIAMSON  |  TUESDAY, 7 SEP 2021
... Pension Asset Study (GPAS) is a Thinking Ahead Institute study which gathers yearly data on total assets, asset allocation, and plan structure for occupational pension plans in Australia, Brazil, Canada, Chile, China, Finland, France, Germany, Hong Kong ...

Pinnacle to increase stake in Coolabah

KANIKA SOOD  |  MONDAY, 6 SEP 2021
... recycling of equity to the next cohort of CCI's leaders." Pinnacle plans to use proceeds from its FY21 dividend reinvestment plan to buy the additional Coolabah stake. It expects to raise $32 million from the DRP which it says will be "primarily" used ...

NGS Super hikes fees

KANIKA SOOD  |  FRIDAY, 3 SEP 2021
Two days after shelving a planned merger, NGS Super informed members of plans to increase fees on some investment options from October. A spokesperson for the fund said the fee increases "has no connection" to its scrapped merger with Australian Catholic ...