Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 961 - 970 of 10100 results for "Trust"

KKR nabs JP Morgan sales manager

ELIZABETH FRY  |  TUESDAY, 29 OCT 2024
... business development for Australia and New Zealand. KKR is set to acquire Perpetual's wealth management and corporate trust businesses for $2.18 billion.

Active managers find no saviour in dual access products

ANDREW MCKEAN  |  TUESDAY, 29 OCT 2024
... see dual access products as their ticket to a booming distribution channel, amid the ongoing secular decline of the unit trust industry. However, if they're hoping exchange-traded products (ETPs) will be a saviour - or at least a tailwind for their ...

CommSec names new chief economist

ELIZA BAVIN  |  MONDAY, 28 OCT 2024
CommSec has named Ryan Felsman as the new chief economist after Craig James announced he would be stepping down after more than 22 years with the firm. Felsman has been with CommSec since 2017 as senior economist. Prior to that he worked at Colonial ...

Cbus rolls out Advice Essentials Plus

KARREN VERGARA  |  MONDAY, 28 OCT 2024
... offering. "Following a survey of our members it became clear that they wanted Cbus to provide this service because they trust their fund and the fees associated with utilising external financial planners were cost prohibitive," she said. "We're really ...

APRA questioned on super performance test

ELIZA BAVIN  |  FRIDAY, 25 OCT 2024
APRA has been questioned by the House of Representatives around how it monitors superannuation fund performance and whether there should be more focus on fees over returns. Independent MP Allegra Spender questioned APRA deputy chair Margaret Cole on ...

Institutional outflows ensure mixed quarter for Insignia Financial

JAMIE WILLIAMSON  |  THURSDAY, 24 OCT 2024
... Insignia Financial reported its total FUMA has hit $319.6 billion, some 2.7% higher than the previous quarter. Its Master Trust (Superannuation) business grew by 2.6% in the quarter, with assets of $130.8 billion. This was attributed to positive market ...

Operational risk reserve targets trimmed for larger funds

JAMIE WILLIAMSON  |  THURSDAY, 24 OCT 2024
Following consultation, APRA has lowered the minimum operational risk financial requirement (ORFR) target amounts for larger superannuation funds. At present, all superannuation funds are expected to keep a minimum of 0.25% of funds under management ...

Down but not out: Busting defined benefit myths

ANDREW MCKEAN  |  WEDNESDAY, 23 OCT 2024
... looking to de-risk by transferring liabilities to insurers or consolidating into master trusts like Plum or Mercer Super Trust. This helps streamline operations and reduce the burden of managing these legacy structures, she said. Separately, the presence ...

APRA prioritises supervision of trustee spending

JAMIE WILLIAMSON  |  TUESDAY, 22 OCT 2024
The prudential regulator is clamping down harder on super trustees' spending, saying it has identified "deficient" and "questionable" practices among funds. APRA deputy chair Margaret Cole has informed all RSE licensees that it will be intensifying ...

IAM announces new product, appointment

ELIZA BAVIN  |  MONDAY, 21 OCT 2024
... material costs out and simplification within IAM following the execution of the recent agreement with Perpetual Corporate Trust. This raising was necessary to provide IAM with the balance sheet to focus on growing revenues and scaling the business." ...