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

Search Results

Showing 1061 - 1070 of 3320 results for "Trustees"

Sargon buyers tap former PEXA chief as adviser

KANIKA SOOD  |  FRIDAY, 1 MAY 2020
... payments on its debt to a Chinese lender, it put eight subsidiaries that hold its operating businesses (such as Diversa Trustees) in voluntary administration under EY to protect its interests. New York financier and Sargon investor Teddy Wasserman emerged ...

Adviser fears over ASIC relief

HARRISON WORLEY  |  THURSDAY, 30 APR 2020
... crisis, namely the early release of super. As part of this, ASIC issued a temporary no-action position for superannuation trustees to expand the scope of personal advice that can be provided under intra-fund advice. The other key measure sees the requirement ...

Former Spectrum Wealth, NAB advisers banned

ELIZA BAVIN  |  THURSDAY, 30 APR 2020
... financial institutions with respect to credit and retail lending, financial advice, fees for no service, superannuation trustees, insurance, unfair contract terms, and other licensee obligations.

Madison sale slated for May completion

KANIKA SOOD  |  WEDNESDAY, 29 APR 2020
... end of this week with to progress to exclusivity," OVH said in company filings. OneVue in 2019 sold Diversa and CCSL Trustees business to Sargon Capital for $43 million and was owed $31 million when Sargon's Chinese lenders sent administrators to the ...

ASIC urges insurance flexibility

ELIZA BAVIN  |  TUESDAY, 28 APR 2020
... genuinely, promptly, fairly and consistently. Additionally, as recognised in ASIC and APRA's recent letter to superannuation trustees, ASIC said there will be a range of insurance related issues that arise due to the effects of COVID-19 on superannuation ...

Former State Super investments chief returns

HARRISON WORLEY  |  MONDAY, 27 APR 2020
... year, when the fund merged with Catholic Super. She stayed on at the combined trustee board of the two funds - Togethr Trustees - sitting on its investment committee and its innovation and technology committee. State Super said Rasmussen was "instrumental" ...

IOOF, CountPlus, Iress want better path to fee consent

ELIZABETH MCARTHUR  |  FRIDAY, 24 APR 2020
... legislation, which is part of the government's Royal Commission reforms, requires platform operators and superannuation trustees to be satisfied that consent for ongoing service has been given to the adviser before deducting advice fees via a platform. ...

COVID-19 clogs custody mandate pipeline

ELIZABETH MCARTHUR  |  FRIDAY, 24 APR 2020
... able to do so when its authorised signatories are working from home." The law firm advised that responsible entities and trustees should be aware that third party processes may be interrupted as a result of the pandemic and efforts to slow its spread. ...

Adequacy argument headlines online CMSF

HARRISON WORLEY  |  TUESDAY, 21 APR 2020
... Having been called off like many other events thanks to the COVID-19 pandemic, the Australian Institute of Superannuation Trustees' major super funds conference is alive again, with sessions running online. The AIST is hoping to have more than 24 hours' ...

Should unused services on AFSLs be subject to ASIC levy?

KANIKA SOOD  |  FRIDAY, 17 APR 2020
... received an invoice from ASIC to pay industry funding levy of $7275, charging Polymath about $6000 in levy for wholesale trustees, $724 for custodian, and $547 for wholesale personal advise. The invoice was an over 1000% increase over the previous year ...