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| | | HESTA will reduce administration fees and lower the minimum balance required to start an income stream account from September 30. The fixed administration fee for all retirement products will be reduced by 16.7% to $65 p.a., while the asset-based fee ... |
| | | | First Sentier is consolidating its global asset servicing providers, mandating Northern Trust in Ireland and Singapore. Northern Trust has been appointed fund administrator and depositary for First Sentier's US$14 billion Irish fund, the First Sentier ... |
| | | | From the advice sector to super funds, reactions to the sweeping reforms announced by the minister for financial services Daniel Mulino have been broad. Industry superannuation funds have welcomed financial advice reforms announced yesterday, which ... |
| | | | HESTA has announced the appointment of James Haviland as head of risk, commencing August 24, and John O'Sullivan as head of finance and tax and deputy chief financial officer, commencing in November. Haviland will lead HESTA's risk function ... |
| | | | APRA is targeting platform trustees' uplift in investment governance in a new consultation, which is underscored by Labor's proposed new powers that will enable it to police new capital requirements for superannuation funds that offer higher-risk options ... |
| | | | Assistant treasurer Daniel Mulino will forge ahead with the New Class of Advisers (NCAs) as part of highly anticipated Delivering Better Financial Outcomes (DBFO) reforms and laid out a blueprint of how the Compensation Scheme of Last Resort (CSLR) ... |
| | | | The government will enforce sweeping reforms around cold calling, predatory superannuation switching and managed investment schemes (MISs) in the wake of the Shield and First Guardian Master Fund collapses, which lost an estimated $1 billion in retirement ... |
| | | | Munro Partners will acquire GSFM, the Australian investment fund management affiliate of CI Global Asset Management, in a deal designed to strengthen its local distribution capabilities. Under the proposed transaction, Toronto based CI Financial, the ... |
| | | | Treasury has opened a consultation to review existing conditions required for foreign investment approvals in Australia. It said while these conditions play an important role in protecting Australia's national interest, it is important to ensure they ... |
| | | | Viridian Financial Group has launched Viridian Lending, bringing the mortgage broking operations under a single national brand as the group seeks to strengthen links between brokers and financial advisers. The launch completes the integration of the ... |
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