Financial Standard
WEBProduct Showcases. Financial Standard provides trade news and education for superannuation trustees, financial planners, industry professionals and investment managers.
Lutheran Super prepares for merger | Financial Standard
WEBJan 12, 2022 · Lutheran Super informed members it has found its preferred merger partner, following a decision last September to assess the fund's options. In December the corporate fund, which holds less than $1 billion in funds under management, told members that a shortlist of "three great options were evaluated by the trustee with members best interest for the future being the driving factor" and that a ...
ANZ to pay $57.5m to settle class action - Financial Standard
WEBMar 25, 2024 · The class action related to certain interest charged on specific ANZ personal credit cards in the period from 1 July 2010 to 1 January 2019. As part of the settlement, ANZ will pay $57.5 million, which is covered by a provision held at 30 September 2023. The settlement is without admission of liability and remains subject to court approval.
Cost of 'comfortable retirement' increases again: ASFA
WEBAug 21, 2024 · BY ANDREW MCKEAN | WEDNESDAY, 21 AUG 2024 12:23PM. The cost of a comfortable retirement increased by about 1% last quarter, with couples aged 65 now needing $73,337 per year, and singles requiring $52,085, according to the latest data from the Association of Superannuation Funds of Australia (ASFA). To fund this standard of retirement, couples ...
Cbus, Media Super set merger date | Financial Standard
WEBFeb 23, 2022 · Media Super has confirmed the two funds will merge on April 9 and that its members will see their administration and investment fees increase slightly in return for a more comprehensive offering. In an update to members, Media Super said its merger with Cbus is progressing well and, if all goes to plan, will occur on 9 April 2022.
AustralianSuper, LUCRF Super agree to SFT - Financial Standard
WEBApr 11, 2022 · The merger will see an additional $7.25 billion added to AustralianSuper's existing $260 billion, along with just shy of 132,000 new members. "The teams at LUCRF Super and AustralianSuper have worked hard to deliver a quick and seamless merger and the result will be scale benefits delivered for all members from day one," LUCRF Super deputy chief executive and chief operating officer Antony ...
Low investor demand sees equities funds wound up
WEBMar 4, 2024 · Low investor demand sees equities funds wound up. BY JAMIE WILLIAMSON | MONDAY, 4 MAR 2024 12:44PM. An Australian equities fund from a global manager and an emerging markets equities offering from a local boutique will both be terminated. Both T. Rowe Price and Paradice Investment Management are shuttering funds, citing investors' best interests.
Integrity Life to cease writing new retail policies
WEBSep 5, 2023 · Integrity Life will not take on any new retail advised business, saying the decline in risk advisers has forced a strategic pivot. Integrity Group, the parent company of Integrity Life, said it undertook a review of the business' strategy, considering several options, and found no longer writing any new life insurance policies is the option that provides the most stability to existing ...
FASEA to reword Standard 3
WEBNov 3, 2021 · The Financial Adviser Standards and Ethics Authority has opened a round of consultation to amend the wording of Standard 3. Following concerns raised by the industry, FASEA is now asking stakeholders what they want the wording of Standard 3 to state so that its purpose and intent are clear and effective in its implementation.
Link agrees to $3bn takeover - Financial Standard
WEBDec 23, 2021 · Link agrees to $3bn takeover. BY KARREN VERGARA | THURSDAY, 23 DEC 2021 12:33PM. A North American software provider is set to acquire Link Group for $2.9 billion, ousting private equity firm Carlyle Group in the bidding process. Dye & Durham is willing to pay $5.50 for every Link share in exchange for …