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Showing 901 - 910 of 3320 results for "Trustees"

APRA calls out poor group insurance practices

KARREN VERGARA  |  TUESDAY, 9 MAR 2021
... hits to their bottom line. Consequently, insurers hiked up premiums, introduced restrictive terms and conditions, while trustees had trouble obtaining quotes for cover as insurers and reinsurers declined to participate in many tenders. Such practices ...

Equity Trustees wins super trustee mandate

KANIKA SOOD  |  TUESDAY, 9 MAR 2021
Equity Trustees has been appointed as the superannuation trustee of a $400 million master trust. The Aracon Superannuation Fund will use Equity Trustees Superannuation Limited as its independent trustee. Aracon is a master plan whose sub-plans include ...

Women-led super funds outperform

KARREN VERGARA  |  MONDAY, 8 MAR 2021
... analysed in Rainmaker's annual W-Index, one-third of leadership roles such as chairs of the board and committees, trustees and chief executives are held by women. Interestingly, 11 out of the 13 funds that had an above-average proportion of women ...

Colonial Super Retirement Fund rejigs managers

KANIKA SOOD  |  WEDNESDAY, 3 MAR 2021
... Global Natural Resources will change to multi-manager global share. Colonial First State Investments Limited had three RSE trustees, about 939,912 accounts and $83 billion in assets at end of June 2020, according to APRA's trustee-level data. The ...

Retirement income framework on track: Frydenberg

KARREN VERGARA  |  FRIDAY, 26 FEB 2021
... improving the living standards of retirees is a key priority. Despite minor challenges, Frydenberg put superannuation trustees on notice, saying there should be no excuse in not providing a strategy or product that leads to better outcomes for members ...

Government passes advice, super reforms

ANNABELLE DICKSON  |  FRIDAY, 26 FEB 2021
... valuable especially where the trustee holds small residual account balances. "Improving the flexibility for super fund trustees to transfer balances to the ATO, including low balance accounts, will lead to administrative efficiencies, more super being ...

UK drags Bravura performance

KARREN VERGARA  |  THURSDAY, 25 FEB 2021
... contract with Aware Super. Bravura also signed six new or renewed contracts with: a global investment bank and an Australian trustees business (Garradin); a superannuation fund (ePASS); a New Zealand life insurance firm (Sonata); a UK platform (Sonata) ...

Wells Fargo sells asset management business

ELIZA BAVIN  |  WEDNESDAY, 24 FEB 2021
... termination of four of its closed-end fund's investment advisory agreement and sub-advisory agreements. The funds' boards of trustees will be asked to approve new investment advisory arrangements with the new company. If approved by the boards, and shareholders ...

Mergers prompt 13% fee drop

KARREN VERGARA  |  TUESDAY, 23 FEB 2021
... director of research Alex Dunnin said fees do not go down just because a super fund merges, they go down because the trustees redesign the product. "Products are more likely to be redesigned in a merger but not when funds just combine their back offices," ...

ASIC zeroes in on bad SMSF advice, conduct

KARREN VERGARA  |  TUESDAY, 23 FEB 2021
... said. While ASIC does not regulate the sector directly, it does however, oversee firms that provide financial service to trustees such as advisers, auditors and products that SMSFs invest in. The Hayne Royal Commission adjusted the roles of ASIC and ...