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|ING DIRECT Living Super has reached the $1 billion funds under management milestone two years after entering the Australian market. Launched in 2012 as a direct-to-customer offering, Living Super's balanced option charges members no administration or ...|
|UBS has added three new members to its wholesale sales team, recruiting from Colonial First State, Perennial, and Shaw Stockbroking. From Colonial First State, Marcus Cleary will take on the role of national sales manager with responsibility for clients ...|
|Prime Super has appointed St Vincent's Private Hospitals chief executive Martin Day to its board as an independent director, bringing the total number of independent directors to four. Day is the first director to represent the health and aged care ...|
|Perpetual has launched IMPACT Philanthropy, its new strategic approach for philanthropists and not-for-profit (NFP) organisations with the aim of providing maximum community benefit. The launch comes almost a year after Perpetual's acquisition of The ...|
|Aon Risk Solutions (ARS) Australia has appointed Giselle Walther as its new managing director of growth strategies. Walther was previously head of corporate market management - Americas, for Allianz Global Corporate & Specialty. She has held senior ...|
|QSuper has the most satisfied members of any superannuation fund in the country, according to a new report by Engaged Marketing. The 2014/15 Superannuation Benchmarking Study also found that QSuper members were most likely to recommend the fund. The ...|
|OneVue has appointed former QIC general manager of investment operations Richard Stevens as its new chief operating officer, as part of a wider executive restructure. Stevens will replace Lisa McCallum, who has moved into the newly created role of head ...|
|VicSuper has joined forces with Challenger to offer two new annuity products for its retired members. The products, which the fund expects to launch in early 2015, will be backed by Challenger's guaranteed term and lifetime annuities, and are "designed ...|
|Superannuation funds have publicly disclosed how much they pay their senior executive staff, revealing pay packages ranging from the low hundreds of thousands to over a million a year. QSuper's Rosemary Vilgan was by far the highest paid chief executive ...|
|BNP Paribas has emerged as the top Australian custodian when it comes to client satisfaction, beating the likes of Citi, J.P. Morgan and NAB Asset Servicing (NAS), in the Global Custodian Agent Banks in Major Markets Survey 2014. The survey asked the ...|
Pendal Group has made year-long fee cuts on two funds, as it sees the Reserve Bank of Australia holding the cash rate at the record-low of 0.25%.
Standard & Poor's has downgraded AMP Limited's credit rating from BBB+ to BBB, with all AMP Group entities on CreditWatch with negative implications.
ME Bank chief executive Jamie McPhee has resigned after weathering scrutiny over the bank's adjusting of redraw facilities for mortgage customers and its relationship with the industry funds that own it.
At a time when many Australians are engaging directly with their superannuation fund for the first time, member satisfaction appears mixed, with two separate surveys producing some opposing views.
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