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Showing 851 - 860 of 4485 results for "Trustee"

Suncorp agrees to super class action settlement

JAMIE WILLIAMSON  |  TUESDAY, 26 JUL 2022
... to fund the conflicted remuneration, which thereby reduced their super balances. The defendants in the matter are the trustee Suncorp Portfolio Services and two former directors, Geoff Summerhayes and Sean Carroll, who were accused of breaching their ...

MSC Trustees appointed by Alceon

CHLOE WALKER  |  TUESDAY, 26 JUL 2022
Alceon Group has selected MSC Trustees to serve as trustee and responsible entity for two of its funds. The mandate is for the Alceon Australian Property Fund and Alceon Debt Income Fund. In taking on the mandate, MSC Trustees will replace Certane Group's ...

Consultation on faith-based products opens

JAMIE WILLIAMSON  |  THURSDAY, 21 JUL 2022
... performance test. If they fail the supplementary test, then the same consequences are applied; APRA will publish the result, the trustee must notify member, and the product would be unable to take on new members after two consecutive fails. Under the ...

Equity Trustees in new technology partnerships

CASSANDRA BALDINI, CHLOE WALKER  |  WEDNESDAY, 20 JUL 2022
Equity Trustees has entered agreements with TrustQuay and Nuj to strengthen the technology that supports its Trustee and Wealth Services business and its data capabilities. Under the deal with TrustQuay, Equity Trustees will centralise its Trustee and ...

Mirvac to become trustee of AWOF

ANDREW MCKEAN  |  TUESDAY, 19 JUL 2022
AMP Capital Wholesale Office Fund investors have voted to replace the trustee and manager of the fund with Mirvac Funds Management. Despite AMP Capital and Dexus putting forward a combined proposal to retain management of AMP's Capital Wholesale Fund ...

Aaron Santelises joins ART board

ANDREW MCKEAN  |  FRIDAY, 15 JUL 2022
... Santelises replaces union finance specialist Mark Goodey who stepped down from the board on March 31. Goodey was a board trustee of Sunsuper from January 2020, his appointment filled the vacancy created by the departure of former Sunsuper chair Ben Swan. ...

Foord appoints Apex Group to support Australian launch

CASSANDRA BALDINI  |  TUESDAY, 12 JUL 2022
Foord Asset Management has appointed Apex Group to provide fund administration, transfer agency and custody services to its new Australia-domiciled fund. Foord recently announced its expansion into the local market with its Global Equity Australian ...

Review of YFYS receives mixed response

ANDREW MCKEAN  |  FRIDAY, 8 JUL 2022
... and actuary David Knox told Financial Standard that the firm supported the 12-month delay in the performance test for trustee director products. Knox said: "We think it's good to just step back and make sure that the regulations are appropriate." ...

TWUSUPER adds fee to combat cross subsidisation

JAMIE WILLIAMSON  |  TUESDAY, 5 JUL 2022
... not be impacted by the new fee, TWUSUPER said. Further, much like many other super funds, TWUSUPER has also introduced a trustee services fee to establish a trustee reserve. "The [January 1 legislative] changes mean that if TWUSUPER were to face a penalty ...

ASIC releases guidance on super, retirement calculators

ANDREW MCKEAN  |  TUESDAY, 5 JUL 2022
... including a super calculator, may be provided by any person and a retirement estimate may only be provided by a super trustee. To rely on ASIC's relief, providers must comply with the conditions set out in the legislative instruments.