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Showing 1051 - 1060 of 3320 results for "Trustees"

How advice can conquer stigma

HARRISON WORLEY  |  WEDNESDAY, 20 MAY 2020
... as part of an online panel discussing how to solve the unmet advice gap for the Australian Institute of Superannuation Trustees Conference of Major Super Funds, Hostplus head of advice and financial planning Maurizio Lombardi pointed out many super fund ...

Industry funds revise ERS modelling

HARRISON WORLEY  |  WEDNESDAY, 13 MAY 2020
... estimates. The regulator's letter told ISA it was concerned the peak body had failed to follow ASIC's directives on how trustees should communicate the potential long-term impacts of accessing super early, by using different assumptions to those employed ...

APRA releases fund-level ERS data

JAMIE WILLIAMSON  |  MONDAY, 11 MAY 2020
... Services Superannuation Fund (11) and Mason Stevens Super (6). APRA deputy chair Helen Rowell said the figures show super trustees understand the importance of paying people quickly. Processing of ERS application resumed as of yesterday after having ...

Prodigy boutique to continue

KANIKA SOOD  |  FRIDAY, 8 MAY 2020
... boutique partners (Dalton Street Capital and Equus Point Capital) wound up their funds while the responsible entity Equity Trustees was considering alternative arrangements for small caps manager Flinders. Soon after the March 18 announcement, EQT gave ...

Trustee behaviour in a COVID-19 world

ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
... they assist in the illegal early release of super. Under the government's ERS scheme, a number of key issues face SMSF trustees and navigating those issues can be complex, as the ATO releases new information day by day. Interestingly, there is no hard ...

QSuper not to appeal AFCA win

KANIKA SOOD  |  THURSDAY, 7 MAY 2020
... not appeal a Federal Court order upholding an AFCA decision but says it creates further obligations for superannuation trustees. In April, QSuper's board appealed unsuccessfully to the Federal Court about an AFCA decision asking the fund to refund ...

No change of mind for ERS

ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
... determination will not be greater than $10,000," it said. "The ATO will not notify the trustee of any revocation and trustees should continue to make payments in response to any and all determinations received from the ATO, even in circumstances where ...

Court to decide OneVue claim over Sargon sale

KANIKA SOOD  |  WEDNESDAY, 6 MAY 2020
... claims decided in court. The sale, which was confirmed yesterday includes Diversa, CCSL, Tidswell and Australian Executor Trustees. OneVue yesterday said $29.6 million had been paid into an account controlled by the voluntary administrator for the purpose ...

Early release of super numbers revealed

ELIZABETH MCARTHUR  |  MONDAY, 4 MAY 2020
... requests according to APRA, with the average withdrawal being $8002. A total of 107 funds have made early release payments. Trustees are meeting APRA's five day deadline for payments too, with the average time for members to be paid after approval being ...

Super funds release $1.3bn

ELIZA BAVIN  |  MONDAY, 4 MAY 2020
... members in the first week of the scheme. Under APRA's Early Release Initiative (ERI) data collection, superannuation trustees were asked to submit data on a weekly basis covering the number and value of early release benefits paid to members and the ...