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Showing 1 - 10 of 30 results for "PST"

Kaplan winds up pooled super trust

KARREN VERGARA  |  MONDAY, 31 AUG 2026
Kaplan Funds Management has shuttered its $12.6 million Kaplan Pooled Superannuation Trust (PST) amid merger pressure from prudential regulator APRA. As trustee, Diversa Trustees told investors the move reflects the rising costs and compliance obligations ...

Hostplus extends Citi mandate

KARREN VERGARA  |  MONDAY, 20 APR 2026
... years. Citi first won the contract in 2013 as part of Hostplus' transformation to becoming a pooled superannuation trust (PST). In awarding the mandate, Hostplus chief investment officer Sam Sicilia said at the time that Citi won the tender after ...

New NALE rules, AFCA's super powers passed

KARREN VERGARA  |  THURSDAY, 27 JUN 2024
Two separate laws that regulate how superannuation funds deal with non-arm's length expenses (NALE) and income (NALI) and expands the Australian Financial Complaints Authority's (AFCA) remit over super passed Parliament on June 25. Treasury ...

Hostplus, Maritime Super make merger official

JAMIE WILLIAMSON  |  THURSDAY, 1 DEC 2022
... benefited from its involvement with Hostplus to date. "We have been invested in the Hostplus Pooled Superannuation Trust (PST) for around two years. And whilst we know that past investment outcomes do not guarantee future outcomes, I am very pleased ...

Hostplus hits members with new fee

ELIZABETH MCARTHUR  |  THURSDAY, 10 FEB 2022
... response to recent changes to the SIS Act which broaden the type of penalties trustees and directors can incur. "As the fund and PST are operated on a profit-for-member basis, the trustee does not currently hold sufficient capital that could be used ...

Maritime Super criticises unfair YFYS test

JAMIE WILLIAMSON  |  MONDAY, 30 AUG 2021
... began investing its MySuper option - which accounts for just 15% of members - in the Hostplus Pooled Superannuation Trust (PST). The deal was widely criticised as many, including several politicians, labelled the move an attempt to avoid merging. "It ...

Hostplus deal doesn't rule out a merger: Maritime

KANIKA SOOD  |  FRIDAY, 9 JUL 2021
... as a "quasi-merger" in a letter to APRA. "All we've done is buy units into the Hostplus pooled superannuation trust or PST -- in the same way we would buy units in any other pooled investment vehicle," Robertson said at the July 8 hearings. He added ...

Industry funds pool $61bn of assets

KARREN VERGARA  |  THURSDAY, 11 FEB 2021
... billion of assets under management will combine with the $55 billion Hostplus via the Hostplus Pooled Superannuation Trust (PST), subject to final board approval. Maritime Super chief executive Peter Robertson told Financial Standard that the branding ...

BT fund to wind up

KANIKA SOOD  |  WEDNESDAY, 12 FEB 2020
... multi-asset fund managed by Pendal after 52 years, as investor demand ebbs out. The BT Institutional Diversified Balanced PST was managed by Stuart Eliot and invested in local and global shares, fixed interest, listed property, and alternatives. The ...

Bond king left midnight resignation letter

MARK SMITH  |  WEDNESDAY, 6 APR 2016
... addressed to "CEO, PIMCO" and stated: "This letter will confirm my resignation from PIMCO as of Sept. 26th, 2014 at 6:29 AM PST," It was signed "William H. Gross." The resignation letter was among new evidence provided by PIMCO as Gross seeks some US$200 ...
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