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Showing 91 - 100 of 686 results for %22Interests First%22

NGS Super chief executive retires

JAMIE WILLIAMSON  |  MONDAY, 22 AUG 2022
... to the industry, but in particular to NGS Super. Her commitments both personally and professionally to advancing the interests of members is outstanding and she is leaving the fund in excellent shape," NGS Super chair Dick Shearman said. "Laura will ...

ASIC flags 'significant' IDR compliance issues at super funds

JAMIE WILLIAMSON  |  WEDNESDAY, 10 AUG 2022
... issue a response. "A trustee's approach to dispute resolution is a meaningful measure of whether they are focused on the interests of their members. It also indicates the maturity of the trustee's approach to risk. When done well, dispute resolution ...

APRA releases annual corporate plan

CASSANDRA BALDINI  |  MONDAY, 8 AUG 2022
... expectations. Particularly around fund expenditure including trustees' practices as they relate to their 'best financial interests duty' (BFID) obligations, investment governance, successor fund transfers and financial resilience, strategic ...

ASIC continues crack down on deceptive advertising

CHLOE WALKER  |  TUESDAY, 2 AUG 2022
... proof'. An interim stop order was placed on Fawkner Property Ltd (Fawkner) to prevent the fund issuing or transferring interests in its Private Property Trust No. 20 (marketed as Essential Services Trust No. 20). Under the 21-day order, Fawkner cannot ...

ASIC issues first DDO stop orders

JAMIE WILLIAMSON  |  THURSDAY, 28 JUL 2022
... UGC Global Group companies, UGC Global Alpha Limited and UGC Global Alpha Fund Limited. RES is prohibited from issuing interests in PPM Units - a class of interests in RES Investment Fund - as well as providing a product disclosure statement about PPM ...

Foreign investment fees to double

JAMIE WILLIAMSON  |  FRIDAY, 22 JUL 2022
... will help the Albanese government deliver its ambitious housing reform agenda. "We will always put Australian interests first. That means ensuring Australians benefit from foreign investment in Australia," Chalmers said. "Tackling housing affordability ...

AFA hits back at QAR submissions from Choice, ISA

CASSANDRA BALDINI  |  MONDAY, 11 JUL 2022
... it might significantly reduce the cost of providing advice," the AFA said. Choice has opposed any change to the Best Interests Duty safe harbour until ASIC has provided empirical evidence that shows it is ineffective. "Seemingly they are oblivious to ...

Review of YFYS receives mixed response

ANDREW MCKEAN  |  FRIDAY, 8 JUL 2022
... We are pleased that the new government has acted quickly and will review the test so that it works in the long-term interests of fund members." The Financial Services Council (FSC) was also laudatory of the government's decision to pause the extension ...

Performance test expansion paused as government announces review

RACHEL ALEMBAKIS  |  FRIDAY, 8 JUL 2022
... superannuation products." The review will also consider concerns relating to the regulatory complexity of best financial interests duty requirements, Treasury said. The announcement is the fulfilment of an announcement made by Jones during the Responsible ...

Rest secures investment in historic tower

CHLOE WALKER  |  WEDNESDAY, 6 JUL 2022
... Quarter Tower is the redeveloped AMP Tower. Rest first entered a contract to acquire the interest in 2018. The remaining interests are owned by the AMP Capital Wholesale Office Fund and Dexus Wholesale Property Fund. The building features a 5.5 Star ...