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Regulation
08 July 2025 by Maja Garaca Djurdjevic

No rate cut in July, but Bullock says call was about timing rather than direction

In a sharp rebuke to market expectations, the Reserve Bank held the cash rate steady at 3.85 per cent on Tuesday, defying near-unanimous forecasts of ...
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Platforms hold their ground with fund managers amid advice shift

Fund managers are keeping platforms firmly in their ETFs, confident in their growing role reshaping financial advice and ...

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‘Set-and-forget portfolios no longer serve’, says BlackRock as it adopts tactical stance

Immutable economic laws and mega forces are keeping BlackRock overweight US equities, but the fund manager is adopting a ...

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New active ETF provider aims to be ‘new Betashares’ with active ETFs

A specialist active ETF provider believes it has what it takes to become “the new Betashares”. Savana Asset ...

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RBA delivers closely watched decision amid mounting easing signals

The RBA has handed down its much-anticipated rate decision, following widespread expectations of a close call

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DigitalX secures institutional backing as bitcoin strategy gains momentum

DigitalX’s latest strategic placement signals strong institutional endorsement of its cryptocurrency strategy by leaders ...

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Unisuper stays with Custodian

  •  
By Christine St Anne
  •  
2 minute read

The $21 billion industry fund remains with its custodian after a 17-year partnership.

Unisuper has reappointed NAB Custodian Services (NCS) as the fund's master custodian following a 12-month tender.

NCS will provide the $21 billion industry fund with custody and investment reporting services.

NCS has been the fund's custodian since 1991.

"It's still important to review all our supplier relationships regularly, even the long-standing ones, to ensure that they continue to deliver superior services for our members at a highly competitive price," Unisuper chief investment officer David St John said.

 
 

Over its 17-year partnership with NCS, the fund has managed to improve its unit pricing, transition management and compliance monitoring, according to St John.

"We will continue to invest in this relationship, innovating to enhance the service we deliver, while maintaining our focus on everyday fundamentals," NCS general manager Leigh Watson said.