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Showing 31 - 40 of 8882 results for %22Trust%22

Life insurers struggle with code compliance

KARREN VERGARA  |  WEDNESDAY, 10 APR 2024
... to address claims promptly not only breaches code obligations but also adds unnecessary stress for customers, undermining trust in the industry. Life insurers must prioritise meeting claims handling and communication timeframes to improve customer satisfaction ...

James Mawhinney arrested as Mayfair 101 saga rolls on

JAMIE WILLIAMSON  |  WEDNESDAY, 10 APR 2024
Mayfair 101's James Mawhinney was arrested yesterday and charged with engaging in dishonest conduct for allegedly claiming IPO Wealth Group owned companies that it did not. Mawhinney has been in a years-long battle with ASIC now, with the regulator ...

Morningstar warns of stretched valuations in Australian equities

ANDREW MCKEAN  |  TUESDAY, 9 APR 2024
... lower redemptions," Morningstar said. "Additionally, we anticipate improved flows for both wealth management and corporate trust with stabilising interest rates and potential improvements in macroeconomic conditions. Both businesses face less competitive ...

Monochrome makes play to become a spot Bitcoin ETF in Australia

ANDREW MCKEAN  |  MONDAY, 8 APR 2024
... regulatory approvals. Notably, Global X launched the first spot bitcoin ETF in Australia in May 2022. It is structured as a dual trust where each ETF unit gives the holder an absolute entitlement to the underlying cryptocurrency, which is held in institutional ...

Corporate super fund to be terminated

JAMIE WILLIAMSON  |  MONDAY, 8 APR 2024
Another of the few remaining standalone corporate superannuation funds will close its doors this year. After almost five decades, the Manildra Flour Mills Retirement Fund (MFMRF) has been closed to new members and will be wound up. The fund was established ...

Super advice fee deductions compound red tape: JAWG

KARREN VERGARA  |  MONDAY, 8 APR 2024
The Joint Associations Working Group (JAWG) says new laws that enable superannuation funds to deduct financial advice fees will have the opposite effect of reducing red tape and can make advice even more unaffordable. Treasury Laws Amendment (Delivering ...

Forager schedules LIT delisting

KARREN VERGARA  |  MONDAY, 8 APR 2024
... after facing continuous limited liquidity issues and persistently trading below its net asset value. The listed investment trust (LIT) is set to delist on June 14, with trades suspending on June 10. Responsible entity, The Trust Company, said the move ...

Super funds' IDR process weak, inadequate: AFCA

KARREN VERGARA  |  FRIDAY, 5 APR 2024
... the trustees' IDR process." More importantly, members who come straight to AFCA do so "because the consumer has lost trust in the trustee and is unwilling to let the trustee try to resolve the issue and/or the trustee has not correctly identified ...

GQG and Magellan see FUM growth

ELIZA BAVIN  |  FRIDAY, 5 APR 2024
... viewed as an "encouraging step forward" by Morningstar, but the research house said more would need to be done to rebuild trust. Morningstar said Magellan is still undergoing a significant renewal after co-founder Hamish Douglass departed in 2022. Douglass' ...

JANA appoints new investment trusts leads

ELIZA BAVIN  |  THURSDAY, 4 APR 2024
... strategic direction of the JANA Investment Trusts, focusing on performance and client outcomes. She joins the investment trust team after serving as co-head of infrastructure research at JANA. Schnell, who joined the company in 2017, will transition ...