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

Search Results

Showing 681 - 690 of 690 results for "Legacy"

SnowyHydro snow job?

ALEX DUNNIN  |  MONDAY, 22 MAY 2006
... billion for the NSW State Government, nothwithstanding it also has a $55 million unfunded superannuation liability due to its legacy with the defined benefit PSS and CSS Commonwealth super funds. NSW Finance Minister, John Della Bosca, speaking on ABC ...

GPen to flex muscle on pension admin software

... operations. Park said that their key point of difference is that as a young company, they are not bogged down by "very old legacy systems" but instead are working on a "very easy to use internet-based database system." Park declined to comment on the ...

CBA's new chief information officer has big ambitions

... Commonwealth Bank (CBA) has hired a new chief information officer with a brief to integrate the bank's funds management jumble of legacy systems. CBA yesterday said it hired Michael Harte as its new chief information officer. Harte is currently CIO at ...

IFSA get set to push product rationalisation

... 2005 report outlines its plans to ramp up its campaign in 2006 to reform legislation that will enable old or outdated 'legacy' products to be rationalised with minimal fuss. IFSA's Chief Executive Officer, Richard Gilbert, says the Government is keen ...

Virgin and max in super battle for Gen-X, Y and Z

... fundamentally not simple because it is heavily regulated. But we are trying to come up with something fresh and not inherit the legacy of old institutions." As for marketing and promoting the little known fund, they enlisted the help of brand guru Tim ...

Mellon explores local transition management opportunities

... executing the necessary trades but providing an end-to-end solution, relieving clients of responsibility for custody and legacy issues," he says. Mellon believes that its service can lower the inherent costs and risks associated in transition management ...

ASIC alerts super fund members about large exit fees

... when members attempt to move their investments out of theses funds. The funds in question are known as 'old style' or 'legacy' accounts and were most likely sold by life insurance companies before 1993 when compulsory superannuation began. The exit fees ...

ASIC and APRA move to streamline intra-fund transfers

... Industry (Supervision) Act 1993 (SIS Act) or any trustee holding an RSE licence under Part 2A of the SIS Act. "Addressing legacy products and systems issues is a prudential priority in controlling operational risk," says APRA's general manager, Specialised ...

New appointment at Tower

... developing and managing Tower's life insurance and superannuation products. He will also oversee the rationalisation of Tower's legacy superannuation products, and their transition to the ARC platform. Mr Stanbridge has previously held senior positions ...

APRA warns super funds and life insurers on "legacy issues"

... has emphasised the need for financial institutions - particularly life insurers and superannuation funds - to address "legacy issues" in their normal planning cycle, and also to develop strategies to deal with superseded products and systems. APRA's ...