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Showing 1071 - 1080 of 3320 results for "Trustees"

BAS agents to give financial advice

ELIZABETH MCARTHUR  |  FRIDAY, 17 APR 2020
... give advice to existing clients about the scheme without an AFSL; and issued a temporary no-action position for super trustees to expand the scope of personal advice that can be provided under intra-fund advice. The advice fee has been capped at $300 ...

ERS can be drawn from multiple funds: ATO

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
... proportioning rules and funds are required to make the payment tax-free. Meanwhile, APRA released an update to help super trustees understand their ongoing responsibilities. APRA said in dealing with payments to members under the ERS scheme RSE licensees ...

ASIC provides relief around early super access advice

JAMIE WILLIAMSON  |  TUESDAY, 14 APR 2020
... give advice to existing clients about the scheme without an AFSL; and issued a temporary no-action position for super trustees to expand the scope of personal advice that can be provided under intra-fund advice. The relief is temporary and comes on the ...

Will COVID-19 kill the balanced option?

ELIZABETH MCARTHUR  |  THURSDAY, 9 APR 2020
... buried deep within lengthy super fund product disclosure statements. He also sees a conflict of interest in the fact that trustees assess their own SRM. Geffin wants to see the SRM for every super fund assessed by APRA and put on a register that consumers ...

Sargon Capital to be liquidated

KANIKA SOOD  |  THURSDAY, 9 APR 2020
... yesterday voted unanimously to wind up the company, starting a liquidation process that could last 12 months. Taiping Trustees, which is Sargon Capital's only known secured creditor for about $97 million and other unsecured creditors all voted in ...

Hostplus responds to PDS controversy

ELIZABETH MCARTHUR  |  THURSDAY, 9 APR 2020
... to the PDS resulted from the government's early release initiative. The spokesperson for Hostplus said all super fund trustees have discretion to suspend or delay unit pricing in extraordinary situations to ensure fairness across members. "In Hostplus' ...

Super should shape up on unlisted valuations: WTW

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 APR 2020
... the ability to switch investment options or funds on a short-term basis. Because unlisted assets aren't valued daily, trustees must walk a fine line in determining what is equitable, transparent and defensible. "The speed at which markets have declined ...

Super funds face penalties over early release failures

ELIZABETH MCARTHUR  |  TUESDAY, 7 APR 2020
... government expects such a situation should not arise in the first place. "The government expects that superannuation trustees have managed their legal obligations responsibly over the years to ensure that they have appropriate liquidity to deal with ...

OneVue marks territory on Sargon sale proceeds

KANIKA SOOD  |  MONDAY, 6 APR 2020
... entitlements. "OneVue has asserted its unpaid vendor's lien over the shares of both these businesses (Diversa and CCSL Trustees). Having received notice of OneVue's interest and intention to enforce the lien, the voluntary administrators for ...

Super funds probed on liquidity, rental assistance measures

KANIKA SOOD  |  MONDAY, 6 APR 2020
... Submissions are due April 29. Wilson previously suggested the possibility of another round of hearings for superannuation trustees and APRA, saying the committee had been misled on liquidity issues, but a date has not been set.