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Showing 361 - 370 of 4476 results for "Trustee"

Super complaints rise in FY24: AFCA

ELIZA BAVIN  |  THURSDAY, 31 OCT 2024
AFCA's Annual Review revealed the ombudsman service received a record 104,861 complaints from consumers and small businesses in 2023-24, up 8% on the year before. Of those, AFCA received 7325 superannuation complaints, a 5% increase from the previous ...

Cole puts funds on notice as expenditure data is revealed

ELIZA BAVIN  |  WEDNESDAY, 30 OCT 2024
APRA has published the in-depth data on super funds' expenditure from marketing costs and payments to industrial bodies to spending on member services, as the regulator puts a spotlight on how member money is being spent. AustralianSuper had the ...

EQT wins RE mandates for FIIG Securities, Nanuk AM

MATTHEW WAI  |  WEDNESDAY, 30 OCT 2024
... and the Nanuk New World Fund (Currency Hedged) Active ETF. EQT executive general manager, corporate and superannuation trustee services Andrew Godfrey said he is delighted to extend the group's existing partnerships with FIIG Securities and Nanuk ...

APRA questioned on super performance test

ELIZA BAVIN  |  FRIDAY, 25 OCT 2024
... In his opening remarks, APRA chair John Lonsdale said the regulator is continuing to drive continuous improvement and trustee accountability in delivering quality member outcomes. "The annual superannuation performance test, which assesses the long-term ...

Operational risk reserve targets trimmed for larger funds

JAMIE WILLIAMSON  |  THURSDAY, 24 OCT 2024
Following consultation, APRA has lowered the minimum operational risk financial requirement (ORFR) target amounts for larger superannuation funds. At present, all superannuation funds are expected to keep a minimum of 0.25% of funds under management ...

APRA prioritises supervision of trustee spending

JAMIE WILLIAMSON  |  TUESDAY, 22 OCT 2024
... data early next year. This data will include detailed categories like administration, advice, member services, marketing, trustee board remuneration, travel and entertainment, and other overheads. It will also publish the recipients of payments made ...

HUB24 share price, FUA skyrocket

KARREN VERGARA  |  TUESDAY, 15 OCT 2024
HUB24's funds under administration (FUA) hit $113 billion at the end of September while its share price jumped 400% in the last five years. Inflows and the current bull market continue to bolster the platforms business. It recorded net inflows of $4 ...

BNP Paribas shutters EARTH Trust

JAMIE WILLIAMSON  |  FRIDAY, 11 OCT 2024
Three years on from its launch, the BNP Paribas EARTH Trust is to be wound up. Investors have been notified of the fund's termination, which is scheduled to be completed by November 22. As responsible entity, Equity Trustees said the decision to ...

ASIC seeks $27m penalty against AustralianSuper

ELIZA BAVIN  |  THURSDAY, 10 OCT 2024
ASIC is seeking a major $27 million penalty against AustralianSuper in the Federal Court. ASIC alleges that, for almost 10 years, AustralianSuper failed to have adequate policies and procedures to identify members who held multiple AustralianSuper accounts ...

ANZ, OnePath settle $50m class action

ELIZA BAVIN  |  FRIDAY, 4 OCT 2024
... which will be paid to group members who register with the firm. The class action alleged that OPC breached its duties as trustee by investing members' superannuation funds in cash investment options with its parent company ANZ, at rates for members that ...