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Aon Risk Solutions appoints exec from Allianz

JAMES FERNYHOUGH  |  FRIDAY, 7 NOV 2014
... and Zurich. ARS Australia chief executive Lambros Lambrou said: "Giselle has a proven track record at every level in driving top and bottom line results, as well as the development and execution of strategic initiatives and plans. Her focus on innovation ...

Highest paid execs in super revealed

JAMES FERNYHOUGH  |  THURSDAY, 6 NOV 2014
... who earned a total of $1,313,487 in 2014, more than any chief executive in the group. Financial Standard went through the top ten not-for-profit super funds by funds under management. Of those ten, no information could be found regarding State Super. ...

BNP Paribas top custodian for client satisfaction

JAMES FERNYHOUGH  |  THURSDAY, 6 NOV 2014
BNP Paribas has emerged as the top Australian custodian when it comes to client satisfaction, beating the likes of Citi, J.P. Morgan and NAB Asset Servicing (NAS), in the Global Custodian Agent Banks in Major Markets Survey 2014. The survey asked the ...

Super returns dip to 9.0 pct

STAFF WRITER  |  TUESDAY, 4 NOV 2014
... 140 basis points. The researcher said the long-term segment gap, however, has contracted from 200 to 170 basis points. The top five Workplace super funds (by MySuper and default options) over the 12 months were Telstra Super with 11.5%, Statewide with ...

Financial Standard unveils Digital Dozen in social media

STAFF WRITER  |  FRIDAY, 31 OCT 2014
... were announced today ahead of the awarding of the Scholarship in Sydney on Tuesday 13th November. The 12 finalists are the top scorers based on a 100-point selection criteria that looked at how each of them rated across five categories: their social ...

ASIC pays commissioners $2.9m in 2014

LAURA MILLAN  |  THURSDAY, 30 OCT 2014
The five top executives at the Australian Securities and Investments Commission (ASIC) will receive a total salary of $2.9 million for 2014, about $10,000 less than in 2013. The ASIC annual report did not match the name of each commissioner with the ...

UK advice giant deVere enters Australia

MARK SMITH  |  THURSDAY, 30 OCT 2014
... Limited, which has an Australian Financial Services License. "Meridian Financial's existing clients will continue to receive top level service and advice and will now also be able to take advantage of all the associated benefits a robust international ...

Mercer unveils longevity insurance product

JAMES FERNYHOUGH  |  THURSDAY, 30 OCT 2014
... member with a super balance of $400,000 who invests $100,000 in Mercer Lifetime Plus will receive up to $10,000 per annum on top of the Age Pension once their superannuation runs out. The product is expected to launch early next year, with Vic Super ...

BetaShares' UMAX receives recommended rating

JAMES FERNYHOUGH  |  THURSDAY, 30 OCT 2014
... methodology, which he said had already proved successful with UMAX's sister Australian equity income fund, the BetaShares Australian Top 20 Equity Yield Maximiser Fund (YMAX). "UMAX offers investors exposure to US equities along with the potential for ...

NAS grows assets under custody

JAMES FERNYHOUGH  |  WEDNESDAY, 29 OCT 2014
... Paribas and Citi, which grew AUC by 2.3% and 1.1% respectively. However, NAS's nearest competitor, JP Morgan, outdid the other top four custodians, growing its AUC by 10.5% to $464 billion. While NAS grew its AUC at a higher rate than Citi and BNP Paribas ...