Financial Standard
The number of complaints the Australian Financial Complaints Authority received rose over FY24. UniSuper's collaborative approach to capital deployment and sound governance makes it a solid choice, according to Morningstar. Active managers see dual access products as their ticket to a booming distribution channel, amid the ongoing secular ...
Federal Court approves BT Super $30m settlement
Dec 12, 2023 · The Federal Court approved the $29.95 million class action settlement against Westpac after subsidiaries BT Funds Management (BTFM) and Westpac Life Insurance Services (WLIS) allegedly failed to manage conflicts of interest when investing BT Super member money in …
ANZ, OnePath settle $50m class action | Financial Standard
Oct 4, 2024 · ANZ, OnePath settle $50m class action. ANZ and OnePath superannuation customers may be entitled to get their super back after Slater and Gordon secured a $50 million class action settlement. The no-fault settlement was reached with ANZ and its former subsidiaries, OnePath Custodians (OPC) and OnePath Life (OPL) (now Zurich Australia).
Industry Events - Financial Standard
Nov 1, 2024 · Financial Standard provides trade news and education for superannuation trustees, financial planners, industry professionals and investment managers.
New shareholder, governance services firm enters market
Oct 10, 2024 · New shareholder, governance services firm enters market. BY MATTHEW WAI | THURSDAY, 10 OCT 2024 12:21PM. The firm aims to navigate Australian companies through the complex landscape of investor expectations and corporate governance, it said.
Aware retires VicSuper brand, expands investment menu
Apr 28, 2023 · Aware Super will finally retire the VicSuper brand next month, just shy of its 30 th birthday. The brand was retained in the merger with First State Super in 2020 and members were kept in a separate division. Effective May 11, Aware will combine its memberships. At the same time, Aware Super said it has reviewed its investment menu, introducing ...
Magellan advances MGF conversion to open class
May 17, 2024 · Magellan Asset Management will go ahead with converting its Global Fund (ASX: MGF) into an open class structure. As the fund's responsible entity, Magellan Asset Management has advanced the conversion process since it was flagged in October of last year, in a bid to address MGF trading at discount to its net asset value (NAV) per unit.
New CFS platform at the cutting Edge: Quirk - Financial Standard
Aug 1, 2023 · CFS chief distribution officer Bryce Quirk told Financial Standard that CFS Edge was uniquely co-developed with advisers and paraplanners from the very start. "For our design process, we had 12 to 14 advice practices across Australia involved over an 18-month window, starting in February 2022," he said. "They met with us on a monthly basis, and ...
Farewell TelstraSuper: Largest corporate fund explores merger …
May 6, 2024 · A merger has the potential to deliver further fee reductions for members into the future," a statement from TelstraSuper said. The $26 billion super fund was initially created in 1990 exclusively for Telstra employees 30 years ago, but it now has a much broader membership, having allowed family and friends of employees to join in recent years.
ASIC sees case against Rest thrown out | Financial Standard
Sep 19, 2024 · BY ANDREW MCKEAN | THURSDAY, 19 SEP 2024 12:49PM. ASIC's case against Rest, in which it alleged the super fund misled members about their ability to transfer superannuation out of the fund, has been thrown out by the Federal Court. The case focused on Rest's past practices around rollover requests from 'Determination Members' - those whose ...