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Showing 1001 - 1010 of 4485 results for "Trustee"

AMP in enforceable undertaking

JAMIE WILLIAMSON  |  TUESDAY, 16 NOV 2021
... customers. "There have been times in the past that we have not got this right and for this we apologise. We support our Trustee in offering this EU to APRA to address the regulator's concerns on these historical matters." She added that the business ...

APRA moves to force EISS Super merger

JAMIE WILLIAMSON  |  TUESDAY, 16 NOV 2021
... frivolous spending, which also saw the departure of EISS Super's chief executive, chair and some board members. "Being a trustee of an APRA-regulated super fund, and managing - and spending - billions of dollars of members' money, is a privilege ...

MSC Trustees strengthens relationship management efforts

JAMIE WILLIAMSON  |  FRIDAY, 12 NOV 2021
... right clients to ensure cycle proof sustainability," Fletcher said. "It is so pleasing to see our business attract senior trustee executives like Rebecca."

APRA finalises framework for insurance in super

ELIZABETH MCARTHUR  |  FRIDAY, 12 NOV 2021
APRA has finalised its revisions to guidance on insurance in superannuation, which was made in response to findings from the Royal Commission. APRA conducted extensive industry consultation on this matter over two years. Now, the completion of this ...

Cbus to create rainy day fund to cover fines

ELIZABETH MCARTHUR  |  THURSDAY, 11 NOV 2021
... pools of shareholder capital to draw on the way retail funds do, they will have to create a pool of capital held by the trustee. Cbus is not the only fund to already move on the issue, with QSuper also seeking to change its rules to create provisions ...

Trustees Executors awards technology mandate

ELIZABETH MCARTHUR  |  THURSDAY, 11 NOV 2021
New Zealand's oldest trustee company has chosen a technology partner for its new wealth management joint venture. Trustee Executors selected SS&C Aloha for the joint venture, called Flint Wealth, which is a wrap account wealth management solution. SS&C ...

Test-induced movement marginal: Data

JAMIE WILLIAMSON  |  WEDNESDAY, 10 NOV 2021
Only a handful of Aussies whose super fund failed the inaugural performance test have taken action and closed their accounts, according to APRA. Analysis by the prudential regulator shows that of the one million member accounts in products that failed ...

TelstraSuper releases retirement income solution

KARREN VERGARA  |  TUESDAY, 9 NOV 2021
TelstraSuper has launched its version of a retirement income product that has a flexible cash allocation feature. The new Lifestyle investment options aim to generate consistent income and tax efficiencies, grow and preserve capital, and manage retirement-specific ...

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 ...

Australia Post Super Scheme cuts premiums by 10%

ELIZABETH MCARTHUR  |  THURSDAY, 4 NOV 2021
... definition. In investments, the fund informed members: "Following a recent review of the APSS's investment strategy, the trustee has decided to gradually reduce exposure to less liquid assets within the private equity and alternative credit asset classes." ...