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Showing 521 - 530 of 3360 results for "Mandate"

Labor advances super performance test changes

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... eight years. In providing further details, assistant treasurer and minister for financial services Stephen Jones will mandate super funds that send notification letters to members of failing Choice products to adjust for flag cost considerations. Trustees ...

Challenger lowers stake in Elanor

KARREN VERGARA  |  FRIDAY, 16 JUN 2023
... achieved until 30 June 2026. Elanor announced in May that it was advised by Challenger that "one third party institutional mandate will not transfer" but did not provide more details. ADIC is the investment arm of the Abu Dhabi government. It became ...

FRAA releases draft APRA, ASIC metrics

KARREN VERGARA  |  FRIDAY, 16 JUN 2023
... how to allocate their resources to achieve their respective legislated objectives. "As the prudential regulator, APRA's mandate requires a strong focus on financial system resilience by ensuring the financial safety and soundness of banks, insurers ...

FinClear partners with trading platform

KARREN VERGARA  |  WEDNESDAY, 14 JUN 2023
FinClear has won a mandate to provide third-party clearing and trade support services to a global trading platform that recently hit Australian shores. Webull, which has soft launched in Australia, is a market participant of the ASX and Cboe Australia. ...

Treasury mandates APRA consider climate risks in duties

RACHEL ALEMBAKIS  |  FRIDAY, 9 JUN 2023
Treasury has released an updated statement of expectations for APRA which includes the adoption of climate reporting standards by super funds, banks and insurers. "For the first time, the government is explicit in requiring the regulator to consider ...

ESSSuper reduces admin fees, renews insurance mandate

JAMIE WILLIAMSON  |  MONDAY, 5 JUN 2023
ESSSuper is reducing administration fees and plans to rebate some of this financial year's admin fees, citing efficiencies gained through outsourcing administration. Meanwhile, it has also signed a new group insurance contract. Currently, ESSSuper ...

Spirit Super rectifies regulatory breach

ANDREW MCKEAN  |  TUESDAY, 30 MAY 2023
Spirit Super has corrected a non-compliance issue, amending its process for monitoring the use of reserves to cover expenses that exceed the fees and costs charged to members. Last month, the industry fund acknowledged that it had inadvertently omitted ...

Challenger real estate arm price tag drops

KARREN VERGARA  |  MONDAY, 29 MAY 2023
... Elanor's managed funds. Elanor announced this morning that it was advised by Challenger that "one third party institutional mandate will not transfer" but did not provide more details. As a result, Elanor will issue up to 24.8 million of its shares ...

Future Fund adds to investment team

ELIZABETH FRY  |  FRIDAY, 26 MAY 2023
Future Fund has strengthened its investment team with the hire of Toby McMillan as director of unlisted property. McMillan arrives from the $60 billion quasi-sovereign wealth fund Victorian Funds Management Corporation. McMillan worked at VFMC for more ...

Rest extends Link partnership

JAMIE WILLIAMSON  |  FRIDAY, 26 MAY 2023
Link Group has officially renewed its mandate with Rest, with the industry fund signing on for another five years. In February, the administrator flagged it was in discussions with Rest and a renewal was likely. Today, it's confirmed a new contract ...