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

Search Results

Showing 1 - 10 of 239 results for "Custodians"

Asset managers prioritising product quality: Northern Trust

ANDREW MCKEAN  |  FRIDAY, 3 MAY 2024
... "... the survey found that many managers are looking to enhance their data management strategies by engaging their custodians for outsourced solutions."

Vanguard backs current performance test

ANDREW MCKEAN  |  FRIDAY, 19 APR 2024
... failed; 96 of these were TDPs, with 75% used by four trustees: AMP, Nulis Nominees, Oasis Funds Management, and OnePath Custodians - Nulis, Oasis and OnePath are all Insignia Financial trustees. Treasury has noted that while the test effectively holds ...

CSLR kicks off, 2k await compensation

KARREN VERGARA  |  TUESDAY, 2 APR 2024
... issues relating to tax treatment, the Corporate Collective Investment Vehicle regime, or the rights and obligations of custodians. Prior to the CSLR, Berry said there was no opportunity for redress where a determination had been made by the Australian ...

Half of super funds to close in coming decade: Mercer

JAMIE WILLIAMSON  |  FRIDAY, 15 MAR 2024
... The consequences for third-party providers supporting the system are clear, Mercer said, looking at administrators, custodians, insurers, investment managers and asset consultants, and actuaries and auditors. Having already reduced in line with industry ...

OnePath cops $5m fine over fees for no service

CASSANDRA BALDINI  |  THURSDAY, 30 NOV 2023
The Federal Court has imposed a $5 million penalty on OnePath Custodians for unlawfully deducting adviser service fees from members. According to court documents, the trustee made misleading representations about its right to continue charging fees ...

Wealth managers seek better data warehouse solutions: BNP Paribas

CHLOE WALKER  |  FRIDAY, 10 NOV 2023
Wealth managers are increasingly demanding better ways to access and utilise data from their custodians and expect advances in artificial intelligence (AI) to make this possible, according to BNP Paribas. "They want to know what we know and what we ...

Ninety-seven super products fail performance test

JAMIE WILLIAMSON  |  THURSDAY, 31 AUG 2023
... assessed. Three quarters of those that failed are issued by AMP, Nulis Nominees, Oasis Funds Management, and OnePath Custodians - Nulis, Oasis and OnePath are all Insignia Financial trustees. Looking at trustee-directed products on platform, APRA assessed ...

Selfwealth chief in sudden exit

KARREN VERGARA  |  FRIDAY, 7 JUL 2023
... one point, Selfwealth was rumoured to be looking to acquire Openmarkets. However, in April, Selfwealth moved to FNZ Custodians from Openmarkets for its Australian equities execution, clearing and settlements.

Rising costs bite asset owners

KARREN VERGARA  |  MONDAY, 3 JUL 2023
... institutional clients via non-fee costs or performance-based fee structures. On the flip side, asset servicing providers, like custodians, can easily introduce price hikes to asset owners. As a result, about one in three asset managers have experienced ...

ETF explainer: Understanding their structure

ANDREW MCKEAN  |  FRIDAY, 16 JUN 2023
... units, ready to deploy as necessary. Further, clarifying the logistics of ETFs, Montgomery underscored the role of custodians in this process. Once ETF units are created, the underlying assets are transferred to a third-party custodian. In the case of ...
PREVIOUS
NEXT