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Showing 661 - 670 of 4480 results for "Trustee"

Former Mason Stevens chief sells boutique

KARREN VERGARA  |  WEDNESDAY, 17 MAY 2023
The investment management business founded by Mason Stevens' former chief executive and investments lead has been acquired by another boutique. Vincent Hua, who left Mason Stevens last year, has sold Peridot Investment Management (PIM) to AL Capital ...

E&P Investments hands over RE mandate

JAMIE WILLIAMSON  |  MONDAY, 15 MAY 2023
... Investments named K2 Asset Management as the new RE for all six schemes. It has also been selected to take on the role of trustee of the CD III Australian Wholesale Fund. E&P Investments said a range of factors led to its selection of K2, including its ...

AEP, GSFM launch Australian film fund

CHLOE WALKER  |  MONDAY, 15 MAY 2023
... excess of $1.7 billion, the vast majority of which will be spent in Australia. GSFM Screen Investments will be the fund's trustee and GSFM will also be responsible for the distribution and back-office administration of the fund. AEP was launched last ...

AustralianSuper mistake spurs call for regulatory intervention

ANDREW MCKEAN  |  MONDAY, 15 MAY 2023
... the SIS Act provides room for trustees to exclude defined benefit and income stream accounts and places the onus on the trustee to assess and determine whether consolidating accounts would be practicable in the circumstances and in the best interests ...

Industry funds' illiquid assets scrutinised

ANDREW MCKEAN  |  THURSDAY, 11 MAY 2023
The Australian superannuation system allows investors to shift between options and funds daily, raising critical questions about liquidity. Despite requirements under SPG530 - Investment Governance, public disclosure on liquidity stress-testing is relatively ...

NALI measure receives mixed response

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAY 2023
The federal government provided clarity on the Non-Arm's Length Income (NALI) provisions related to expenditure incurred by superannuation funds - however, the industry says it requires further consideration. In last night's budget, the government ...

UK to ban cold calling on all financial products

JAMIE WILLIAMSON  |  FRIDAY, 5 MAY 2023
The UK is planning to ban cold calling on all financial products as part of a broader strategy for tackling scams. In an announcement from prime minister Rishi Sunak, the government said it is going to stop scams before they reach people. In part, this ...

Industry funds gain ground in retirement asset battle: KPMG

ANDREW MCKEAN  |  FRIDAY, 5 MAY 2023
Industry funds are gaining ground in the battle for retirement assets, with their market share increasing 2% between 2021 and 2022, challenging the retail sector's long-standing dominance in pension accounts. According to a KPMG report, although ...

Dalton Street fund terminated

JAMIE WILLIAMSON  |  THURSDAY, 4 MAY 2023
The Dalton Street Market Neutral Trust is to be terminated this month as it is "no longer economically viable." As responsible entity for the fund, Equity Trustees said the fund will be wound up no later than May 10, primarily due to its low assets ...

Jones calls for taxonomy to clarify greenwashing

RACHEL ALEMBAKIS  |  WEDNESDAY, 3 MAY 2023
Assistant treasurer and minister for financial services Stephen Jones said that without a sustainable finance taxonomy, regulators will only be able to catch the "most egregious" examples of greenwashing in Australia. Speaking at the Australian Council ...