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| | | ... can enhance the areas of member engagement and financial literacy, governance, investment management, recordkeeping and account management, and the payout phase. While many pension funds are in the early stages of AI adoption, the study highlights that ... |
| | | | AMP has dared to go where no super fund has gone, taking the plunge with a "modest allocation" to Bitcoin, even as other industry heavyweights stand resolute in their rejection of the digital asset. Last week, AMP senior portfolio manager Steve Flegg ... |
| | | | Many superannuation trustees have been told they must improve their valuation governance practices, with APRA finding just 11 have dedicated valuation committees while others involve staff members whose remuneration is tied to asset values in the process. ... |
| | | | Following its announcement earlier in September, the transaction has been finalised, with Oaktree Capital Management becoming AZ Next Generation Advisory's (AZ NGA) largest shareholder with a $240 million investment. As part of the deal, Azimut retains ... |
| | | | ... "The client is at the forefront of everything that we do. Be it, acting as professional trustee for funds and managed account solutions or partnering with best-in-class investment managers globally via our Investment Solutions business," he said at the ... |
| | | | BNP Paribas' Securities Services business has been appointed by Insignia Financial to provide custody and administration services. BNP Paribas said the mandate with Insignia, which holds $319.6 billion funds under management and administration, further ... |
| | | | ... spokesperson added this is "a natural step in the evolution of our growing product range" and noted that the impacted funds account for just over 0.2% of its total funds under management, which has surged to more than $46 billion. Despite the closures ... |
| | | | ... This is followed by the technology sector and financial services sectors at 16% each. "Just as a few big US tech stocks account for a larger amount of global equity market capitalisation than they did 10 years ago, so too has billionaire wealth become ... |
| | | | ... Public Sector Superannuation Scheme (PSS) pension fund. Consequently, the client needed to withdraw $120,735 from the super account and pay a tax bill on the associated earnings of $13,570. The panel said the adviser contravened sections 961B(1) of the ... |
| | | | ... watchdog also believes HSBC Australia failed to promptly reinstate victims' banking services in a timely manner; one account took over 500 days to be fully restored. Of the $23 million lost, almost $16 million was lost in the six months from October ... |
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