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Showing 531 - 540 of 3995 results for "administration"

E&P settles class action for $16m

KARREN VERGARA  |  WEDNESDAY, 15 NOV 2023
... DASS, which saw the latter pay $7.2 million in penalties and $1 million in legal costs. DASS went into voluntary administration in January 2022. E&P is currently fighting a similar class action led by Piper Alderman, naming DASS and former chief executive ...

Super fund fees now at record low: Data

ANDREW MCKEAN  |  TUESDAY, 14 NOV 2023
... level for retail and not for profit funds." Regarding MySuper products, not-for-profit funds generally have lower administration fees, in contrast to retail funds which typically offer lower investment fees. Meanwhile, personal and retirement products ...

Legalsuper hits members with increased fees

ANDREW MCKEAN  |  MONDAY, 6 NOV 2023
... high-quality, personalised member services and innovative products." Symons also pointed out that legalsuper's administration fees have been consistent for the past four years. Notably, members benefited from a 14% reduction in MySuper investment ...

Wealth firm awards CFS Edge mandate

KARREN VERGARA  |  MONDAY, 6 NOV 2023
... managed accounts mandate with a large financial advice firm. Viridian Advisory, which has $7 billion in funds under administration, will use CFS Edge. Having officially launched in August, Edge is the third platform CFS has on offer, together with FirstChoice ...

Westpac reports $7.2bn profit

KARREN VERGARA  |  MONDAY, 6 NOV 2023
... defended a class action in the Federal Court of Australia against BT Funds Management (BTFM), Westpac Securities Administration (WSAL) and Westpac Life Insurance Services (TAL Life Insurance Services) (WLIS), a former Group subsidiary. Superannuation ...

'Critical shortcomings' demand urgent action from trustees: APRA

ANDREW MCKEAN  |  TUESDAY, 31 OCT 2023
... risks in end-to-end processes, ensure the continuity of critical operations like investment management and fund administration during severe disruptions, and responsibly manage risks linked to third-party outsourcing. However, Cole singled out cyber ...

Federal Court freezes assets of pension platform

CASSANDRA BALDINI  |  MONDAY, 30 OCT 2023
... Brite Advisors (Brite), a specialist in moving private UK pension savings offshore. The global advisory, pension administration and asset management provider came under the regulator's surveillance following its failure to submit required documentation ...

Betashares launches investment platform, targets retail investors

ANDREW MCKEAN  |  WEDNESDAY, 25 OCT 2023
... effortless as possible. It offers streamlined, personalised performance and tax reporting, thereby simplifying the administration and management of investments. The launch of Betashares Direct follows the recent announcement of the group's agreement ...

Life insurance complaints drop 24%

KARREN VERGARA  |  WEDNESDAY, 25 OCT 2023
... that life insurers continue to be bombarded with customer complaints because of outdated legacy systems and poor administration practices. One insurer continues to provide misleading information to non-English speaking customers despite being reprimanded ...

HUB24 farewells longstanding chair

CHLOE WALKER  |  TUESDAY, 24 OCT 2023
... pleasure to work with the talented team at HUB24 during this period of strong growth in the business as funds under administration (FUA) increased from $150 million to now over $80 billion, and revenue has grown at a compound annual growth rate of 62% ...