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Showing 661 - 670 of 4572 results for "Trustee"

Cbus scolded over 'most galling conflict' in super

ANDREW MCKEAN  |  TUESDAY, 3 OCT 2023
Senator Andrew Bragg has criticised "howling conflicts" between the government and super funds, spotlighting Wayne Swan's dual roles as Labor Party president and Cbus chair. Bragg highlighted newly released Freedom of Information documents that ...

Super funds offer merger update

JAMIE WILLIAMSON  |  TUESDAY, 3 OCT 2023
... half of 2024 and involves the transfer of members currently receiving lifetime pension entitlements. "The Group Super trustee decided to split the merger due to the complexity of the different divisions of fund. The majority of the fund's divisions are ...

FEAL appoints NGS Super chief to board

CASSANDRA BALDINI  |  FRIDAY, 29 SEP 2023
... governance officer for almost two years. Before joining NGS Super, she spent four years at AMP as a senior manager of trustee governance and two years at Suncorp as manager of the office of the superannuation trustee. Previtera also formerly worked at ...

Qantas Super confirms merger plans

JAMIE WILLIAMSON  |  MONDAY, 25 SEP 2023
... management when Qantas laid off staff and the fund saw about $1 billion pour out under the ERS scheme. "The Qantas Super Trustee Board is acutely aware of the privilege and responsibility of managing the superannuation and retirement savings of Qantas ...

NextGen Financial Group forced into liquidation

KARREN VERGARA  |  MONDAY, 25 SEP 2023
... AFCA, alleging it provided bad financial advice that involved investing into a certain fund that was later wound up. The trustee was then unable to complete the purchase of an investment property and suffered losses and damages. AFCA ordered NextGen ...

APRA moves to ensure improved member outcomes

ANDREW MCKEAN  |  FRIDAY, 22 SEP 2023
APRA is updating Prudential Standard 'Strategic Planning and Member Outcomes' (SPS 515) to enhance member outcomes in superannuation, including requiring trustees to justify business-related expenses. The regulator's changes seek to align expenditure ...

Iress Wealth appoints interim chief

ELIZABETH FRY  |  FRIDAY, 22 SEP 2023
Iress has confirmed a mini reshuffle of its leadership team as Harry Mitchell chief executive of wealth management takes up a broader role, splitting his time between Australia and the UK. Consequently, the trading technology firm has promoted operating ...

Australian Bond Exchange, Boston Global Group launch fund

CHLOE WALKER  |  WEDNESDAY, 20 SEP 2023
... Exchange will diversify the portfolio across multiple fixed income products, issuers, jurisdictions, and maturities. As trustee, BG Funds Management, an entity of the Boston Global Group, is ultimately responsible for the management of the fund. Boston ...

Launch of new superannuation body imminent

JAMIE WILLIAMSON  |  TUESDAY, 19 SEP 2023
To be known as the Super Members Council of Australia, the new body created by the Australian Institute of Superannuation Trustees (AIST) and Industry Super Australia (ISA) is hunting for a chief executive ahead of its official launch next month. Expected ...

Perpetual shutters innovation fund, Pendal funds

JAMIE WILLIAMSON  |  THURSDAY, 14 SEP 2023
... about $75 million in funds under management. The management fee was 0.99% and performance fee was charged at 20%. The trustee, Perpetual Investment Management Limited (PIML), said it is in the best interests of investors to close and wind up the fund ...