Financial Standard
WEBFinancial Standard provides trade news and education for superannuation trustees, financial planners, industry professionals and investment managers.
Australian banks among most fined | Financial Standard
WEBJan 12, 2021 · Australian banks among most fined. Australian banks have taken the inauspicious title of second most fined in the world for 2020, according to new data. The research from Finbold found that US banks had to pay the most in fines of anywhere in the world - with 12 fines against US banks adding up to US$11.11 billion.
AMG Super launches platform, product | Financial Standard
WEBNov 2, 2021 · AMG Super has launched a platform that coincides with unveiling a new superannuation product. AMG Super will migrate existing members and products to the new platform in 2022 as part of a major project that will be rolled out over the next 12 months. The new product, Acclaim Super & Pension, launched on October 27.
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 ...
AustralianSuper, LUCRF push ahead on merger - Financial Standard
WEBNov 8, 2021 · AustralianSuper, LUCRF push ahead on merger. The boards of $7.4 billion LUCRF Super and $230 billion AustralianSuper have approved a Heads of Agreement as they continue to advance discussions towards a merger. This agreement follows the successful completion of due diligence by the two funds and their respective advisers.
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.
Australian Catholic Super, UniSuper sign SFT deed
WEBJul 5, 2022 · BY JAMIE WILLIAMSON | TUESDAY, 5 JUL 2022 12:37PM. Australian Catholic Superannuation and Retirement Fund and UniSuper will merge before the end of the year. The two funds have now signed a Successor Fund Transfer deed. This follows the Heads of Agreement they signed in May, formally confirming the merger. The funds said preparation for the ...
iProsperity accused of being a Ponzi scheme - Financial Standard
WEBAug 14, 2020 · The administrator appointed to embattled investment group iProsperity, Cor Cordis, has released a damning creditors' report which includes accusations of Ponzi scheme style payments. The report suggests investor money was misappropriated by iProsperity for various purposes including repaying other investors.
Aware retires VicSuper brand, expands investment menu
WEBApr 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 …
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.
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