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Showing 1081 - 1090 of 3320 results for "Trustees"

Bigger balances, bigger blow: Elia

JAMIE WILLIAMSON  |  THURSDAY, 2 APR 2020
... dismissed talk of liquidity issues. Just yesterday APRA and ASIC publicised the fact they had jointly written to super fund trustees to ensure they prioritise liquidity, undertaking regular stress-testing and reviewing their securities lending processes. ...

Super fund transfer delayed amid COVID-19

KANIKA SOOD  |  THURSDAY, 2 APR 2020
... The transition was set for 2019. However, AMP has decided to temporarily delay the transfer. "AMP's superannuation trustees have the obligation and fiduciary responsibility to ensure the interests of all superannuation members are protected, including ...

Super fighting a war on three fronts: KPMG

HARRISON WORLEY  |  THURSDAY, 2 APR 2020
... different fronts, as the economic fallout of COVID-19 continues to bite. New analysis from KPMG shows superannuation trustees are facing three competing sets of problems as they deal with the unprecedented challenges posed by the pandemic, with investment ...

How PYS changes caused 34% premium hikes

ELIZABETH MCARTHUR  |  THURSDAY, 2 APR 2020
... Bankfirst and Beyond Bank are all part of a single CUBS Super fund and are therefore insured under one group policy. Equity Trustees, the trustee for the funds, said that the premium rate change was deemed appropriate in the current environment. "Recent ...

Super funds must prioritise liquidity: Regulators

HARRISON WORLEY  |  WEDNESDAY, 1 APR 2020
... the necessary liquidity to meet their obligations to release members' super savings early. According to the regulators, trustees should undertake regular liquidity stress testing, using scenarios which reflect changes in future net cash flows, member ...

Hume calls for diversity in super fund mergers

HARRISON WORLEY  |  TUESDAY, 31 MAR 2020
... diversify fund membership can be as dangerous as failure to diversify investments," Hume said. "This is something for trustees to think about as the industry may be on the cusp of a round of mergers." Hume is pushing for smaller industry funds to forego ...

Early access nightmare for administrators

ELIZABETH MCARTHUR  |  MONDAY, 30 MAR 2020
... these payments by mid-April, when the ATO starts approving requests," Bloch said. "We are working with the ATO and our trustees to ensure we can make payments to members as soon as practicable. There are still a number of details that are yet to be worked ...

SMSFs in flashback to 2008

ELIZABETH MCARTHUR  |  FRIDAY, 27 MAR 2020
Self-managed super fund professionals and trustees may be feeling some deja-vu, as the same measures that were used in 2008 have been brought in to guide the sector through the COVID-19 pandemic. Terry Pinnell, chair of the Ethical Advisers' Co-op ...

Super scammers pose as authorities

HARRISON WORLEY  |  FRIDAY, 27 MAR 2020
... can,'" Craggs said. "Hats off to the ATO." Earlier this week Intrust Super and the Australian Institute of Superannuation Trustees both warned superannuation members of the dangers posed by scammers who were attempting to use the government's early access ...

Sargon trustee businesses sale expected soon

KANIKA SOOD  |  THURSDAY, 26 MAR 2020
... revealed. At the time of acquisitions, Sargon's agreed to a purchase price of $94.6 million across three assets Diversa Trustees, CCSL and Australian Executor Trustees. OneVue was owed $31 million by Sargon Capital, from when it sold its Diversa ...