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Showing 41 - 50 of 20636 results for "Super"

Super advice fee deductions compound red tape: JAWG

KARREN VERGARA  |  MONDAY, 8 APR 2024
... which was introduced in parliament on March 27, proposes to legislate trustees' ability to pay a fee from a member's super account to an adviser for personal financial advice provided as per Recommendation 7 of the Quality of Advice Review. This ...

Heartland finally gets regulatory approval for Challenger Bank acquisition

ELIZA BAVIN  |  MONDAY, 8 APR 2024
... bank provider of both reverse mortgages and livestock finance in Australia." Challenger announced it was acquiring Catholic Super's banking business in December 2021 for $35 million after Catholic Super partnered with Equipsuper under an extended public ...

Super funds' IDR process weak, inadequate: AFCA

KARREN VERGARA  |  FRIDAY, 5 APR 2024
... they reach the Australian Financial Complaints Authority (AFCA). The complaints authority warned that members are bypassing super funds' IDR processes and instead make a beeline for AFCA, senior manager of superannuation Rhys Lloyd said. For claims ...

Court delays DASS class action settlement approval

KARREN VERGARA  |  FRIDAY, 5 APR 2024
The Federal Court has delayed approving the $16 million class action settlement against Dixon Advisory & Superannuation Services (DASS) as it seeks more information. The class action led by Shine Lawyers, which was also brought against former Dixon ...

Frontier promotes four staff members

ELIZABETH FRY  |  FRIDAY, 5 APR 2024
Frontier Advisors has promoted four staffers - a principal consultant, a senior equities consultant and two quants from the capital markets team. In the asset consultant's latest round of promotions, Claire Casucci has been elevated to principal ...

Treasury mulls transfer balance credit provision reforms

JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2024
The government is consulting on changes to provisions afforded to super fund members with a capped defined benefit income stream to ensure they are not negatively impacted in the event of a merger. Under current legislation, when a super fund merges ...

Suncorp sells NZ life business to Resolution Life

JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2024
... Australasian market and success in the region since its entry in 2020, citing the recent acquisition of AIA Australia's super and investments arm. "Our growth is predominantly through the acquisition of in-force portfolios of life insurance policies ...

Citi scores $13bn custody, admin mandate

JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2024
... the migration of over 1300 assets, thousands of transactions, tax parcel data and unit pricing across the group's IDPS, super wrap, and funds management offering, it said. Fiducian has some $13.1 billion in funds under management, administration and ...

Senate Committee endorses Superannuation Objective Bill

ANDREW MCKEAN  |  WEDNESDAY, 3 APR 2024
... importantly benefit and support superannuation members, and support policymakers to make decisions that deliver good outcomes for super members," the Committee said. It also strongly believes that a legislated objective will serve as a guide for policymakers ...

Macquarie executive to become chief product officer at BT

JAMIE WILLIAMSON  |  WEDNESDAY, 3 APR 2024
BT has appointed a longstanding Macquarie executive as its next chief product officer, replacing Kathy Vincent. Annabelle Kline will take over as BT's chief product officer in May. She will be responsible for leading the platforms business, comprising ...