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| | | APRA has finalised its changes to longevity products' capital framework that will impact annuities and retirement income products, namely introducing the "advanced illiquidity premium" (AILP). After consulting with the industry, APRA released its ... |
| | | | ... retirement - and the cost of that inaction is significant," HESTA chief executive Debby Blakey said. "Without reform, the problem will only grow. We need system-level change to make it easier for people to access tax-free income in retirement." The research ... |
| | | | ... members' retirement savings since its inclusion," AMP general manager of investments Stuart Eliot told Financial Standard. "We will continue to assess the investment as part of our broader focus on delivering sustainable, long-term returns for members." ... |
| | | | ... superannuation following the departure of Carmen Beverley-Smith. A recruitment process to fill the general manager positions will commence shortly and will be conducted internally and externally, APRA said. Kohlhagen joined APRA in 2005 as a graduate. ... |
| | | | Legalsuper will bid farewell to its chief executive Luke Symons, who is set to become chief of Equip Super. It is also losing its chief investment officer. Symons has been named incoming chief executive of Equip Super, taking over on July 1. Last week ... |
| | | | ... following the exit of its head of intermediary. Darren Hall, who served as head of distribution for Australia and New Zealand, will leave to take a career break following an 18-year tenure. Appointed to the distribution head role in August 2020, Hall ... |
| | | | ... based on the Term SOFR plus a margin that is materially consistent with the company's recent facility agreements. The debt will be amortised on a quarterly basis, beginning 31 March 2027. A minimum liquidity covenant of $50 million for the first 12 months ... |
| | | | ... fund, employer's default fund and MySuper products that meet the required conditions. The "MySuper product exception" will allow a person to advertise a MySuper product only, and not any broader features or Choice product options, even if these are ... |
| | | | ... investment mandates across advice practices and institutional partners alongside Akambo managing director Joe Akiki. Tomkins will work with investment committees, principals and practice leaders to help define portfolio objectives, strengthen governance ... |
| | | | ... trustee reasonably considers could place their membership at risk of significant detriment," Kirkland said. He added that ASIC will be monitoring trustees continuously if they are maintaining active oversight and providing effect to the governance settings ... |
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