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Showing 91 - 100 of 4109 results for "Trustee"

Australian Food Super closes failed investment option

JAMIE WILLIAMSON  |  TUESDAY, 14 MAY 2024
... international or Australian share markets if they desire it," the fund said. The fund's Shares option was one of 20 non-platform trustee directed investment options to fail last year's performance test; it was one of only two options from industry funds ...

ClearView closes ClearChoice Super Rollover, launches trauma options

KARREN VERGARA  |  MONDAY, 13 MAY 2024
... said. Separately, ClearView's ClearChoice Super Rollover ceases taking new monies as of today. "From 13 May 2024, if the Trustee receives a rollover into ClearChoice Super in excess of the insurance premium, the excess will be transferred to your nominated ...

'Just do what you say you'll do': ASIC's message to trustees

JAMIE WILLIAMSON  |  FRIDAY, 10 MAY 2024
... Financial Standard, Constant said that $20,000 fee cap is perhaps the starkest finding of all. "If you're sitting at a trustee board and you see a $20,000 fee can be deducted before it raises a flag, that's hard to understand as a simple policy," ...

ASIC slams funds' serious deficiencies over advice fee charges

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024
... advisers or licensees as unsuitable. On the flip side, some identified scores of unsuitable advisers or licensees, with one trustee with 973 licensees on its books finding 69 unsuitable advisers or licensees in the period. Further, three trustees were ...

APRA 'continuing to monitor' UniSuper outage

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024
UniSuper has commenced the restoration of its services, as APRA confirms it is monitoring the situation which arose when the fund's private cloud was inadvertently deleted. In a brief statement to Financial Standard, APRA said it is "aware of the ...

Perennial Partners takes over Australian Unity fund

ANDREW MCKEAN  |  WEDNESDAY, 8 MAY 2024
... Limited (AUFM) to take over the investment management of the latter's Future of Healthcare Fund. AUFM will also step down as trustee of the fund, with Perennial taking over as trustee. The fund's managers, Victor Windeyer and Sam Walker, will move to ...

ATO introduces trust taxation changes

ELIZA BAVIN  |  WEDNESDAY, 8 MAY 2024
... you'll need to get the information required in the trust income schedule from the trust. We recommend that you ask the trustee for a copy of the trust statement of distribution." The ATO said beneficiaries who receive a distribution of trust income from ...

ASIC clamps down on advisers, trustees cold calling

KARREN VERGARA  |  TUESDAY, 7 MAY 2024
Financial advisers, licensees, and superannuation trustees are facing the ire of ASIC after an investigation found they are profiting from boiler room tactics that convince members to switch funds. An overwhelming number of members are goaded into leaving ...

Performance test needs better metrics, durability

KARREN VERGARA  |  MONDAY, 6 MAY 2024
... super funds that failed to either join forces with another fund via a merger or close the options. The inaugural test for trustee-directed products (TDP) launched last year. Ninety-six TDPs failed the test, of which 20 were non-platform products and ...

Chief member officer leaves Insignia Financial

JAMIE WILLIAMSON  |  WEDNESDAY, 1 MAY 2024
... in governance and disclosure roles with the firm. Prior, she spent about 14 years with MLC working in the Office of the Trustee. A spokesperson for Insignia confirmed Coyne's resignation. "Anne has been instrumental in building the Member Office team ...