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Showing 61 - 70 of 574 results for "Directed"

All MySuper products pass super performance test

KARREN VERGARA  |  FRIDAY, 30 AUG 2024
... products passed this year's superannuation performance test with flying colours for the first time, while some trustee directed products (TDPs) need to lift their game, according to APRA. APRA assessed the performance of 57 MySuper products and 590 ...

Super performance test needs personal rate of return: Adviser

KARREN VERGARA  |  THURSDAY, 15 AUG 2024
... its superannuation performance test at the end of August. APRA has assessed MySuper products since 2021 while trustee-directed products (TDPs), a subset of the choice accumulation sector, were thrown in the fire last year. Ninety-six out of 97 TDPs failed ...

UK pension giant eyes Australian timber

JAMIE WILLIAMSON  |  FRIDAY, 9 AUG 2024
... develop a portfolio of direct investments focused on traditional timberland. Australia is one of the markets Nest has directed Campbell Global to investigate. It will also seek out opportunities in New Zealand, Chile, and the United States. It comes ...

Insignia Financial looks to slash redundancy entitlements

JAMIE WILLIAMSON  |  WEDNESDAY, 24 JUL 2024
... undertaking with APRA and paid a $10.7 million fine as it continues to identify members whose contributions weren't directed to a MySuper offering when they should have been. That same day Insignia announced it would need to increase its remediation ...

SEC gives final approval for Ethereum ETFs

ELIZA BAVIN  |  TUESDAY, 23 JUL 2024
... result in a larger spotlight for the broader crypto industry which will be positive for awareness, education and self-directed investment/participation." The launch of the ETH ETF products is expected to drive demand for Ethereum, as it did when the ...

Insignia Financial flags more remediation ahead

JAMIE WILLIAMSON  |  MONDAY, 22 JUL 2024
... business. Meantime, a further $23 million has been set aside to remediate super fund clients whose contributions weren't directed into a MySuper product when they should have been; this conduct has also led to Insignia Financial entering a court ...

OnePath Custodians fined $11m for MySuper failures

JAMIE WILLIAMSON  |  MONDAY, 22 JUL 2024
... with APRA and will pay close to $11 million, as it continues to identify super members whose contributions weren't directed to a MySuper option when they should have been. APRA has agreed to accept the undertaking from OnePath, after it continued ...

Data concerns land Fiducian with additional licence conditions

JAMIE WILLIAMSON  |  TUESDAY, 16 JUL 2024
... Fiducian Balanced Fund, Fiducian Capital Stable Fund, Fiducian Growth Fund, and Fiducian Ultra Growth Fund which, as trustee-directed products, were assessed under the performance test for the first time last year and all passed. Under the new conditions ...

Global X set to launch an Australian Bank Credit ETF

ANDREW MCKEAN  |  THURSDAY, 11 JUL 2024
... going into Australian fixed income ETFs, according to ASX and CBOE data. "The largest portion of these flows have been directed towards widely diversified solutions and ETFs focusing on floating rate notes, such as subordinated debt," Metcalf said. "This ...

Ausbil reshuffles distribution team

ELIZABETH FRY  |  FRIDAY, 5 JUL 2024
... Brothers, Creditanstalt, Schroders Securities and Citigroup. "Hik has done a great job for our clients in Queensland and has directed the wholesale business development team with success over a number of years," said Ausbil chief executive Mark Knight. ...