Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 621 - 630 of 3995 results for "administration"

Northern Trust launches asset owner platform

CHLOE WALKER  |  WEDNESDAY, 7 JUN 2023
... one step ahead in supporting their evolving needs." Northern Trust saw a 5.7% increase in its total assets under administration in the second half of last year, taking it to $718.2 billion. It is the second-largest custodian in Australia behind J.P. ...

Generation Life rolls out product enhancements

ANDREW MCKEAN  |  WEDNESDAY, 7 JUN 2023
... introducing a new tool for financial advisers. LifeIncome was launched last year on the GBST cloud-based wealth administration platform, Composer. Responding to feedback from financial advisers and retirees, Generation Life has developed a LifeIncome ...

Super funds pursue merger, chief executive chosen

JAMIE WILLIAMSON  |  WEDNESDAY, 7 JUN 2023
... of synergies. Over time, combining the funds, streamlining our offerings and moving onto Vision Super's internal administration platform will translate into lower costs, improved member services and innovative technology. We expect to see cost savings ...

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 ...

Geoff Lloyd to chair Stake

ANDREW MCKEAN  |  MONDAY, 5 JUN 2023
... appointment comes on the back of a strong year for Stake. The brokerage platform has reached $2 billion in assets under administration and brought in over $480 million in total inflows through portfolio transfers. According to an Investment Trends report ...

Link Group acquires Allens' company secretarial business

ANDREW MCKEAN  |  FRIDAY, 2 JUN 2023
... corporate governance offering. "This is a valuable opportunity to enhance our company secretarial and corporate administration services, bringing exposure to new clients and sectors. It will expand our capabilities while growing our team in Sydney and ...

Spirit Super rectifies regulatory breach

ANDREW MCKEAN  |  TUESDAY, 30 MAY 2023
... of RG97 legislation. This law mandates that funds disclose the amounts deducted from reserves that form part of administration fees and costs. Over a typical financial year, if member contributions don't cover all of Spirit Super's operational expenses ...

Count completes Affinia acquisition

CASSANDRA BALDINI  |  MONDAY, 29 MAY 2023
... around 100 financial advisers to its community. Count said it now represents $16.8 billion in client funds under administration which it labelled as "strong growth" at a time when fewer financial advisers are coupled with unprecedented demand. Affinia ...

Lazard implements new leadership

CHLOE WALKER  |  MONDAY, 29 MAY 2023
... investment banking. Prior to Lazard, Orszag served as the director of the office of management and budget in the Obama Administration. "Peter is the optimal choice as the next chief executive of Lazard," Lazard lead independent director Richard D. Parsons ...

Poor policy administration sees MLC Life pay $22m

JAMIE WILLIAMSON  |  FRIDAY, 19 MAY 2023
MLC Life will pay $10 million, in addition to $12 million in remediation, for failing to pay promised rehabilitation benefits. The life insurer was penalised by the Federal Court after it was found guilty of several breaches of the ASIC Act, the Corporations ...