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Showing 401 - 410 of 3319 results for "Trustees"

Product modernisation will strengthen retirement outcomes: FSC

CHLOE WALKER  |  MONDAY, 20 NOV 2023
... is transferred to another, and CGT relief applies for all members, there is no existing, viable mechanism that enables trustees of super funds and managed investment schemes to efficiently rationalise products and investment structures," it said. "This ...

Objective of super bill lands in parliament

ANDREW MCKEAN  |  FRIDAY, 17 NOV 2023
... Parliament and the Australian public. However, the objective will not alter the current responsibilities of superannuation trustees, nor rules for early access to super on compassionate grounds. Rest chief executive Vicki Doyle said the fund's nearly ...

Lombard Odier breaks into Australia, issues private credit mandate

ANDREW MCKEAN  |  THURSDAY, 16 NOV 2023
... Investment Managers (LOIM), the asset management division of the Swiss private bank, has awarded a mandate to Equity Trustees for its first offering in Australia. The LOIM Sustainable Private Credit (Australia) Unit Trust seeks to deliver investors capital ...

Institutional investor tips $30m into new Mantis offer

CHLOE WALKER  |  THURSDAY, 16 NOV 2023
... The unit trust is available to wholesale clients in Australia and wholesale investors in New Zealand only, with Equity Trustees as the responsible entity. The unit trust launch follows the partnership between Mantis Funds and Adelaide-based specialty ...

Currency hedging solution launched for managed accounts

JAMIE WILLIAMSON  |  WEDNESDAY, 15 NOV 2023
... to meet the growing need to simplify the management of AUD/USD currency exposures. Rochford Group has appointed Equity Trustees as responsible entity of its new fund, the Leveraged Long AUD Fund, which was introduced last month. "Currently, there is ...

Treasury unveils advice reforms draft legislation

KARREN VERGARA  |  TUESDAY, 14 NOV 2023
... Financial Services Guide (FSG) (Recommendation 10). The legislation aims to clarify the legal basis in which superannuation trustees can charge individual members for financial advice from their account, as well as clarify any tax consequences (Recommendation ...

Adviser levy discount amounts to $8m saving

KARREN VERGARA  |  FRIDAY, 10 NOV 2023
... enforcement activities, paying more than listed companies that are apportioned $42,999,175. In other sectors, superannuation trustees will fund regulator activities with $29,603,269 in total. ASIC did not respond to Financial Standard 's request ...

Potential reporting relief for trustees: ASIC

CHLOE WALKER  |  TUESDAY, 7 NOV 2023
... Currently, section 29QC of the Superannuation Industry Act 1993 (SIS Act) requires that information given to the public by trustees must align with information provided to the Australian Prudential Regulation Authority (APRA). The ASIC Class Order [CO ...

XTBs to be delisted following collapse

CASSANDRA BALDINI  |  TUESDAY, 7 NOV 2023
Equity Trustees has given notice that it intends to wind up the trust that underlies the collapsed Australian Corporate Bond Company (ACBC), requesting Cboe Australia allow it to delist its exchange-traded bond (XTB) products. Cboe has agreed in principle ...

Westpac reports $7.2bn profit

KARREN VERGARA  |  MONDAY, 6 NOV 2023
... that between October 2017 to April 2023, BTFM and WSAL failed to adhere to several obligations owed as superannuation trustees and that WLIS was knowingly concerned with the alleged contraventions. The quantum of the claim is unspecified. Westpac announced ...