Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 31 - 40 of 166 results for %22Members Interests First Bill%22

ASIC flags 'significant' IDR compliance issues at super funds

JAMIE WILLIAMSON  |  WEDNESDAY, 10 AUG 2022
... last October. ASIC has so far analysed data from a selection of 35 trustees overseeing 38 funds with more than 50,000 members each. Most of the funds analysed have more than $10 billion in funds under management and funds likely to merge or experience ...

Review of YFYS receives mixed response

ANDREW MCKEAN  |  FRIDAY, 8 JUL 2022
... Jones said the government is aware of concerns that YFYS reforms had the potential to perverse or unintended outcomes for members. Likewise, Jones is cognisant of the possibility of YFYS laws to potentially discourage certain investment decisions or ...

Rest secures investment in historic tower

CHLOE WALKER  |  WEDNESDAY, 6 JUL 2022
... domestically and offshore (as at March 31). "With the acquisition of the stake in Quay Quarter Tower, around 1.8 million Rest members now have an interest in a state-of-the-art, premium-grade skyscraper overlooking Sydney Harbour," Rest deputy chief ...

David Elmslie steps down as Hostplus chair

JAMIE WILLIAMSON  |  MONDAY, 4 JUL 2022
... came to an end on Friday, June 30. He was first appointed chair of Hostplus in 2007. At that time, Hostplus had 823,000 members and oversaw about $6.5 billion in funds under management. It now has more than 1.5 million members and manages more than $76 ...

TWUSUPER chair retires after two decades

JAMIE WILLIAMSON  |  THURSDAY, 5 MAY 2022
... funds under management. "David Galbally has been an exceptional leader. He has consistently ensured the best interests of members guide decision making at TWUSUPER," Sandy said. "Mr Galbally's time as chair has included the Global Financial Crisis and ...

AvSuper, Commonwealth Super Corporation explore merger

JAMIE WILLIAMSON  |  WEDNESDAY, 4 MAY 2022
... Understanding to now conduct due diligence to determine whether the merger is the right fit and in the best interests of members. The merger requires government approval and passage of legislation, with the government having approved the signing of the ...

AustralianSuper, LUCRF Super agree to SFT

JAMIE WILLIAMSON  |  MONDAY, 11 APR 2022
... see an additional $7.25 billion added to AustralianSuper's existing $260 billion, along with just shy of 132,000 new members. "The teams at LUCRF Super and AustralianSuper have worked hard to deliver a quick and seamless merger and the result will ...

LGIAsuper expands leadership as acquisition completes

JAMIE WILLIAMSON  |  FRIDAY, 1 APR 2022
... knowledge of people from not only two teams but two fund types to enable us to deliver a unique offering that provides members with the best possible outcomes," Gyton said. While the Suncorp fund will retain its branding and operate as a standalone entity ...

Direct indexing: The next evolution?

CHLOE WALKER  |  MONDAY, 7 MAR 2022
... Inna Zorina uses the analogy of going to the gym. "Normally, there are quite a wide range of classes at these gyms, so members can walk in and select some classes off the shelf that would suit their needs," Zorina explains. "But occasionally, there may ...

Australian Retirement Trust announces next merger partner

ELIZABETH MCARTHUR  |  THURSDAY, 3 MAR 2022
... economies of scale that ART brings, given it has more than $230 billion in funds under management and over two million members. "It's a very beneficial merger for our members and a welcome part of the creation of one of Australia's largest and ...