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Showing 61 - 70 of 322 results for "SIS"

Focus on providing 'good advice': QAR draft proposals

JAMIE WILLIAMSON, CASSANDRA BALDINI  |  MONDAY, 29 AUG 2022
... for personal advice provided on their interest in the fund, if the member allows it. To enable this change, Levy says the SIS Act would need to be amended to provide trustees permission to provide personal advice to members about their interests in a ...

HESTA, Mercy Super to pursue merger

JAMIE WILLIAMSON  |  FRIDAY, 19 AUG 2022
HESTA and Mercy Super announced in June that they were well progressed with potential merger discussions. Now, the two have signed a Successor Fund Transfer deed with the aim of merging by November 30. The merger will see Mercy Super's 13,000 members ...

Vanguard appoints head of ESG product

RACHEL ALEMBAKIS  |  FRIDAY, 1 JUL 2022
UniSuper governance and sustainability manager Sybil Dixon is departing the fund after 14 years to join Vanguard. Dixon will join Vanguard in August as head of ESG product, a Vanguard spokesperson confirmed to sister publication FS Sustainability. UniSuper ...

BTC Markets gains ASFL

CHLOE WALKER  |  TUESDAY, 21 JUN 2022
Melbourne-based BTC Markets has become Australia's first crypto exchange to successfully go through the full AFSL application process, via sister company BTCM Payments. BTC Markets said the AFSL will enable it to further bridge the crypto and traditional ...

APRA sheds light on YFYS Performance Test

CASSANDRA BALDINI  |  THURSDAY, 16 JUN 2022
... APRA is satisfied that the previously authorised MySuper product is similar to the new MySuper product under s 29TA of the SIS Act. Accordingly, APRA will in such circumstances combine the performance history of both products for the purpose of the performance ...

HESTA, Mercy Super look to merge

JAMIE WILLIAMSON  |  TUESDAY, 14 JUN 2022
HESTA and Mercy Super are planning to undertake a successor fund transfer by the end of the year. Mercy Super said the merger has been strategically planned for some time. If it goes ahead, the merger would bring HESTA's funds under management to ...

Labor vows to review YFYS test

RACHEL ALEMBAKIS  |  FRIDAY, 8 APR 2022
Appearing at an industry conference yesterday, the shadow minister for financial services and superannuation vowed to review the Your Future, Your Super (YFYS) performance test if elected, citing "unintended and negative consequences" for ESG investing. ...

Pendal executive to join crypto firm

KARREN VERGARA  |  MONDAY, 14 MAR 2022
A long-serving Pendal Group fixed income lead and his team of four have jumped ship to a cryptocurrency advisory firm. Vimal Gor, who was the head of Pendal's alternative duration, a boutique looking after the High Alpha Fixed Income Fund that was ...

Rainy day funds probed

ELIZABETH MCARTHUR  |  FRIDAY, 11 FEB 2022
... the Supreme Court to alter their trust deeds to create pools of capital - referred to as rainy day funds - required by the SIS Act amendments. "I should emphasise that it's not just the industry funds that are affected by this amendment. Retail funds ...

Hostplus hits members with new fee

ELIZABETH MCARTHUR  |  THURSDAY, 10 FEB 2022
... $74 billion industry fund informed members that the new trustee fee is being introduced in response to recent changes to the SIS Act which broaden the type of penalties trustees and directors can incur. "As the fund and PST are operated on a profit-for-member ...