Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 121 - 130 of 865 results for "Superannuation Trustees"

More work needed to end financial abuse

ELIZABETH MCARTHUR  |  MONDAY, 17 JAN 2022
... superannuation industry is calling for action on financial abuse and control. The Australian Institute of Superannuation Trustees (AIST) chief executive Eva Scheerlinck said while the government's plan is commendable it should also consider the superannuation ...

Smart default fund to boost retirement incomes

CHLOE WALKER  |  MONDAY, 10 JAN 2022
... showing another seven, including some of Australia's biggest MySuper funds only marginally passed the test. "Superannuation trustees need to focus on improving retirement outcomes for their members, that's what they're paid to do," Bucknell said. "Our ...

Proxy advice reforms force transparency, AFS licensing

KARREN VERGARA  |  MONDAY, 20 DEC 2021
... provides its advice free of charge to companies the subject of the advice." The Australian Institute of Superannuation Trustees general manager of advocacy Mel Birks also criticised the reforms, arguing that they will drive up the cost of proxy advice ...

Industry responds to heatmap findings

CHLOE WALKER  |  FRIDAY, 17 DEC 2021
... to the choice sector and supports APRA's work to extend it further." Meanwhile, Australian Institute of Superannuation Trustees (AIST) general manager, advocacy Mel Birks responded in unison, saying she welcomed the release of the first Choice heatmap ...

State Super sets net zero targets

JAMIE WILLIAMSON  |  MONDAY, 13 DEC 2021
... financial interests of the fund's 93,270 members, saying: "It has become abundantly clear therefore that... superannuation trustees must respond to the investment risks associated with climate change and seek to mitigate them." "It is equally important ...

New financial crisis standards proposed

JAMIE WILLIAMSON  |  THURSDAY, 2 DEC 2021
APRA is consulting on two new prudential standards aimed at strengthening how entities, including superannuation trustees, respond to financial crises. CPS 190 Financial Contingency Planning (CPS 190) and CPS 900 Resolution Planning (CPS 900) are the ...

APRA questions trustees on financial resilience

CHLOE WALKER  |  MONDAY, 22 NOV 2021
... Australian Prudential Regulation Authority (APRA) has issued a discussion paper seeking information from superannuation trustees on their plans to maintain the financial resilience needed to protect members' best financial interests. APRA's prudential ...

TelstraSuper releases retirement income solution

KARREN VERGARA  |  TUESDAY, 9 NOV 2021
... up its consultation on the Retirement Income Covenant exposure draft legislation. The new law would see superannuation trustees design a strategy for retirees or near-retirees that maximises their retirement income over their later years. The strategy ...

APRA to disclose MySuper product YFYS test values

JAMIE WILLIAMSON  |  THURSDAY, 4 NOV 2021
In updating its frequently asked questions (FAQs) on the Your Future, Your Super performance test, APRA has confirmed it will publish each MySuper products' test value in the December heatmap. APRA said it intends to publish the performance test ...

APRA to weed out underperforming choice products

KARREN VERGARA  |  FRIDAY, 29 OCT 2021
... inaugural Choice Product Heatmap, the prudential regulator released staggering statistics that will force superannuation trustees to lift their game and expose choice products that are failing members by charging high fees and delivering poor investment ...