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Showing 671 - 680 of 4523 results for "Trustee"

Diversa loses key super fund mandate

JAMIE WILLIAMSON  |  THURSDAY, 13 JUL 2023
One of the largest superannuation funds on Diversa's books has signed with a new trustee, in what the fund's described as "positive news." Future Super moved to Equity Trustees this month, dumping Diversa which has served as trustee since its ...

Equity Trustees takes on new RE mandate

CHLOE WALKER  |  THURSDAY, 13 JUL 2023
... existing resources to pursue better outcomes for our investors." Equity Trustees executive general manager, corporate trustee services Russell Beasley said: "We are delighted to be selected as the responsible entity for these new retail funds launched ...

UK pensions tapped to strengthen local startups

CASSANDRA BALDINI  |  TUESDAY, 11 JUL 2023
The UK Treasury has announced plans to consolidate the nation's pension fund sector and unlock £75 billion in retirement savings to back high-growth companies. Yesterday, Chancellor Jeremy Hunt delivered the Mansion House reforms and cited plans ...

Equipsuper adds board director

ELIZABETH FRY  |  TUESDAY, 11 JUL 2023
The $30 billion superannuation fund which covers workers from engineering, manufacturing, healthcare and teaching, has appointed Julian Widdup to the board as a new member director. Widdup replaces Jan Dekker, who joined the board in 2016. For over ...

abrdn's Jollie outlines next steps

ELIZABETH FRY  |  FRIDAY, 7 JUL 2023
Having overhauled the global investment manager's local business, Brett Jollie has finally confirmed his departure calling it a planned exit. "It is something I've been working towards since last December when we announced the restructure of ...

Institutions must raise the bar on cybersecurity resilience: APRA

CASSANDRA BALDINI  |  THURSDAY, 6 JUL 2023
Insights from APRA expose a lack of compliance with cybersecurity obligations is leaving hundreds of institutions open to financial crime. The regulator plans to have assessed more than 300 banks, insurers and super trustees' compliance with CPS 234 ...

More assets held in Choice over MySuper: APRA figures

ANDREW MCKEAN  |  MONDAY, 3 JUL 2023
More member assets are held in Choice products than in MySuper options, according to quarterly superannuation industry statistics by APRA. As of March 31, Choice products held $1.09 trillion of the total member assets held in APRA-regulated funds ($2.1 ...

Apostle links with venture capital firm

KARREN VERGARA  |  MONDAY, 3 JUL 2023
The $5 billion ethical fund manager has joined forces with a US venture capital firm that will expose sophisticated local investors to disruptive technology startups. Apostle Funds Management has partnered with Massachusetts-based Safar Partners, which ...

Performance test excluding retirement products is "crazy": Podcast

CASSANDRA BALDINI  |  THURSDAY, 29 JUN 2023
... a significant failing," he said. Linden said he is also concerned any further extension of the test will only include trustee-directed products. "That will leave out a whole range of other Choice investment options, which we know from the banking Royal ...

Trustees must do better on account consolidation: ASIC

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
... to have more than one account and automatically consolidated any multiple accounts identified. Meanwhile, ASIC said the trustee that failed to assess members' best interests in this regard has committed to rectifying this. Meantime, two trustees in the ...