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

Search Results

Showing 1 - 9 of 9 results for "Trustee Act"

All MySuper products pass super performance test

KARREN VERGARA  |  FRIDAY, 30 AUG 2024
All MySuper products passed this year's superannuation performance test with flying colours for the first time, while some trustee directed products (TDPs) need to lift their game, according to APRA. APRA assessed the performance of 57 MySuper products ...

APRA reprimands Cbus, BUSSQ over governance issues

ANDREW MCKEAN  |  WEDNESDAY, 14 AUG 2024
APRA has imposed additional licence conditions on Cbus and BUSSQ over governance concerns in the wake of the CFMEU scandal. The prudential regulator's additional licence conditions stipulate that Cbus' trustee, United Super, and BUSSQ bring ...

Magellan advances MGF conversion to open class

KARREN VERGARA  |  FRIDAY, 17 MAY 2024
... application with the Supreme Court of New South Wales for a hearing to obtain judicial advice under section 63 of the Trustee Act 1925 (NSW) in respect of the proposal. This involves seeking judicial advice to, among other things, convene meetings of ...

Boutique fund manager launches LIT

KARREN VERGARA  |  MONDAY, 29 APR 2019
A boutique fund manager is launching a listed investment trust in a bid to raise $500 million. Regal Funds Management's Regal Investment Fund (RF1) provides exposure to a selection of alternative investment strategies and risk-adjusted absolute ...

Australian Unity appoints trustee GM

DARREN SNYDER  |  FRIDAY, 17 MAR 2017
Australian Unity's newly-formed trustee business is welcoming the appointment of a general manager. The internal promotion sees Emma Sakellaris take the top role. She will be responsible for developing the business building a specialist, client-focused ...

Australian Unity enters trustee services

JAMIE WILLIAMSON  |  THURSDAY, 2 MAR 2017
Marking the first trustee financial services licence issued in more than two decades, Australian Unity has launched its trustee services business. Revealed in the group's interim results, Australian Unity Trustees will provide estate planning, trustee ...

Strong returns put UniSuper back in the black

ALEX DUNNIN  |  TUESDAY, 6 AUG 2013
Strong investment returns from rebounding capital markets have strengthened UniSuper's balance sheet sufficiently to enable the fund trustee board to announce they no longer need to consider reducing members' benefits to maintain the fund's solvency. ...

Fund advertising is essential: Retailers Assoc

The Australian Retailers Association, the employer group that is the principal sponsor of the public offer industry fund REST, has told the Senate Super Inquiry that post-choice super funds have no choice but to advertise. "Advertising is an essential ...

APRA warns super funds over choice advertising

The Australian Prudential Regulation Authority has written to superannuation trustees warning them that some advertising and marketing campaigns before the introduction of choice may breach the sole purpose test and a trustee's duty to members. The ...
PAGE:
1