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Showing 911 - 920 of 2575 results for "Treasury"

Financial software firm strengthens leadership

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
... joins the firm from Simcorp, where he was Australasian head of sales. He has previously held roles at RBC Investor & Treasury Services, Royal Bank of Canada and SimCorp. "I am delighted to be joining the team at SS&C," Tremelling said. "As the investment ...

Superannuation bills on hold

KARREN VERGARA  |  MONDAY, 15 APR 2019
... protection of young superannuation members and low-balance accounts from default insurance premiums, have been put on ice. Treasury Laws Amendment (Putting Members' Interests First) Bill 2019, a highly anticipated Bill that aims to prevent trustees from ...

J.P. Morgan still the top custodian

KANIKA SOOD  |  FRIDAY, 12 APR 2019
... Citigroup ($461 billion), State Street ($447 billion), Northern Trust ($403 billion), HSBC ($180 billion), RBC Investor and Treasury Services ($106 billion), Bond Street ($98 billion), Ausmaq ($53 billion), BNY Mellon ($24 billion) and Netwealth ($19 ...

Government bans superannuation funds treating employers

KARREN VERGARA  |  WEDNESDAY, 10 APR 2019
... has put an end to trustees incentivising employers to appoint them as their default superannuation fund. Part of the Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No 1) Bill 2019 bans trustees from using ...

AMP announces board changes

ELIZABETH MCARTHUR  |  MONDAY, 8 APR 2019
... chief executive of Mizuho Bank in Australia and Commonwealth Bank in Japan. She is also a non-executive director for the Treasury Corporation of Victoria, Persol Australia Holdings and the Australia-Japan Foundation and has previously served on the board ...

APRA receives new super powers

KARREN VERGARA  |  FRIDAY, 5 APR 2019
... been bolstered thanks to new laws that will enable it to take tougher action on trustees and underperforming funds. The Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No 1) Bill 2019, which passed on ...

Financial product design and distribution law passes

KARREN VERGARA  |  THURSDAY, 4 APR 2019
... must comply with new laws to improve design and distribution obligations or else face civil or criminal penalties. The Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Bill 2019 passed both Houses of Parliament ...

Chief economist update: Rosy assumptions a Budget surplus make

BENJAMIN ONG  |  WEDNESDAY, 3 APR 2019
"The Budget is back in the black and Australia is back on track." That's how Federal Treasurer Josh Frydenberg opened his Budget 2019-20 speech delivered last night. Well, technically we all will have to wait until next fiscal year for the underlying ...

Budget: RC response to cost over $600m

HARRISON WORLEY  |  TUESDAY, 2 APR 2019
... mechanisms such as the Financial Ombudsman Service. The Financial Services Reform Implementation Taskforce set up within Treasury to carry out the Government's responses and co-ordinate reform efforts with APRA, ASIC and other agencies through an implementation ...

Treasury proposes standardised default insurance definitions

KARREN VERGARA  |  FRIDAY, 29 MAR 2019
Commissioner Kenneth Hayne's push to have standardised terms and definitions for group insurance is open for consultation until April 26. Treasurer Josh Frydenberg is taking recommendation 4.13 from the Royal Commission's final report further by determining ...