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Showing 341 - 350 of 735 results for "responsible entity"

APRA could oversee stalled super fund mergers

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... of such a power," Commissioner Kenneth Hayne said in his final report. The SIS Act asks that trustees of any responsible entity that offers a MySuper product must conduct an annual scale assessment to decide if its members would benefit from merging ...

Conflicts of interest recommendation falls short

KARREN VERGARA  |  MONDAY, 4 FEB 2019
... duties the trustee owes to members of the superannuation fund are not the same as the duties it will owe as responsible entity of a managed investment scheme and the duties will be owed to two different classes of members." ISA said the proposed changes ...

Yarra Capital adds to investment team

KANIKA SOOD  |  FRIDAY, 1 FEB 2019
... Aussie equities funds, bringing in roughly $800 million of additional assets under management. UBS remained the responsible entity and looked after their distribution after the change. As a part of the change, UBS microcap fund manager Joel Fleming crossed ...

Federation Asset Management appoints Equity Trustees

HARRISON WORLEY  |  THURSDAY, 31 JAN 2019
... appointed Equity Trustees as its trustee. Federation Asset Management appointed Equity Trustees as its trustee and responsible entity. The firm, who launched last September, is aiming to lead investment in renewable energy, health, education, real estate ...

Primary digs heels on Aurora fund

KANIKA SOOD  |  FRIDAY, 18 JAN 2019
Primary Securities is sticking to its attempt to take over as responsible entity of the Aurora Absolute Return Fund. This is despite Aurora's refusal to acknowledge the validity of Tuesday's vote. On Tuesday at a meeting held in Canberra, unitholders ...

Investors rage coup against Aurora

KANIKA SOOD  |  THURSDAY, 17 JAN 2019
Investors in the troubled Aurora Absolute Return Fund have voted to boot Aurora Funds Management as the responsible entity. However, Aurora contests the validity of this vote. The challenger is Primary Securities, backed by some investors of the fund ...

SelfWealth launches ETF

KARREN VERGARA  |  WEDNESDAY, 16 JAN 2019
... Capital are backing SELF by providing $100 million in seed funding. ETF Securities Australia will act as the responsible entity. SelfWealth chief executive Andrew Ward said SELF will be constructed using data from the best-performing investors among ...

Boutique shuts down fund

KANIKA SOOD  |  WEDNESDAY, 16 JAN 2019
... officer Brian Carley and son Damon Carley worked on the fund while One Managed Investment Funds acted as the responsible entity. "I just turned 75. I have had enough of managing other people's money," Carley told Financial Standard. The closure leaves ...

IOOF appoints independent reviewer

DARREN SNYDER  |  TUESDAY, 1 JAN 2019
... APRA's approval. IOOF has also agreed with APRA to separate its Registrable Superannuation Entity (RSE) and Responsible Entity (RE) licence functions into distinct legal entities by 31 December 2019. The wealth manager will also appoint an independent ...

OneVue offloads trustee business

KARREN VERGARA  |  THURSDAY, 20 DEC 2018
... its self-managed superannuation administration business to SuperConcepts, and divested three business units: responsible entity, investment management and WealthPortal. It acquired two others: KPMG Superannuation Member Administration and No More Practice ...