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Showing 1 - 10 of 862 results for "Superannuation Trustees"

Super advice fee deductions compound red tape: JAWG

KARREN VERGARA  |  MONDAY, 8 APR 2024
... cost of advice and will likely result in a poor consumer experience. "Under the proposed legislation, superannuation trustees that allow fee deductions will need to check every piece of advice individually and duplicate valid checks already undertaken ...

QMV Legal folds, managing partner to launch new firm

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2024
... in 2019 to provide legal advice from a perspective that is closely placed to the business operations of superannuation trustees. We are grateful to have advised clients on a broad range of matters, including successor fund transfers, regulatory change ...

Tranche one of advice reforms hits parliament

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2024
... make the information publicly available on their website. The bill also contains the legal basis on which superannuation trustees can charge members for financial advice from their account and the associated tax consequences (Recommendation 7). The new ...

Overhaul of TPD structure, pricing needed: MLC Life

CHLOE WALKER  |  WEDNESDAY, 6 MAR 2024
... According to MLC, the paper aims to improve outcomes for Australian workers who face illness or injury and for superannuation trustees, who must act in the best financial interests of their members. "As one of Australia's oldest life insurers, we're ...

ASIC cracks down on scammers

CHLOE WALKER  |  MONDAY, 4 MAR 2024
... and respond to scams. The regulatory body will now shift its focus towards a wider range of banks and superannuation trustees to ensure that they are taking all necessary measures to protect their members and customers from malicious scammers. "We are ...

ASIC waves red flag at advisers, trustees over Choice products

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2024
An extensive review of processes across superannuation trustees, financial advisers and advice licensees has found very little evidence that consumers are aware of how poorly Choice products they're in are performing, and that such underperformance ...

Payday super protects most vulnerable: SMC

CHLOE WALKER  |  MONDAY, 4 DEC 2023
... the SMC was formed after the merger of Industry Super Australia (ISA) and the Australian Institute of Superannuation Trustees (AIST). SMC comprises eight foundation funds, being Australian Retirement Trust, AustralianSuper, Aware Super, Cbus, HESTA ...

Changing retirement landscape needs regulatory framework: Actuaries Institute

CASSANDRA BALDINI  |  MONDAY, 4 DEC 2023
The government has been encouraged to create a regulatory framework that empowers superannuation trustees to offer members targeted help, guidance, and advice (HGA) on issues outlined in the Retirement Income Review (RIC). The Actuaries Institute dialogue ...

OnePath cops $5m fine over fees for no service

CASSANDRA BALDINI  |  THURSDAY, 30 NOV 2023
... fees," she said. "Members should be confident that their retirement savings are not reduced over time by superannuation trustees making deductions from their accounts they are not entitled to make." The penalty marks ASIC's second decision pertaining ...

Super Members Council names chief executive

ANDREW MCKEAN  |  TUESDAY, 21 NOV 2023
... council, which was formed after the merger of Industry Super Australia (ISA) and the Australian Institute of Superannuation Trustees (AIST). "This is a great responsibility and opportunity to build a powerful voice for those 10 million Australians who ...
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