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Showing 1091 - 1100 of 3320 results for "Trustees"

Super funds raise scam concerns

HARRISON WORLEY  |  THURSDAY, 26 MAR 2020
... need a third party to assist with this application," the fund told members. The Australian Institute of Superannuation Trustees is also concerned, with chief executive Eva Scheerlinck pointing out unscrupulous operators were already doing what they could ...

APRA heat map update in doubt

HARRISON WORLEY  |  MONDAY, 23 MAR 2020
... policy and supervision agenda in January, but right now it is more important that banks, insurers and superannuation trustees - as well as APRA - devote their energy and resources to responding to the impact of COVID-19," Byres said. "We will be working ...

Australia to lean on super

HARRISON WORLEY  |  MONDAY, 23 MAR 2020
... we are in a position to make a 'Team Australia' response," he said. The Australian Institute of Superannuation Trustees chief executive Eva Scheerlinck also weighed in, and said the package would have "potentially far-reaching implications" on ...

Platforms maintain cash rate on RBA cut

ALLY SELBY  |  FRIDAY, 20 MAR 2020
... and everyone in the value chain have the obligation to clean up their act and stop charging cash fees. "I believe the trustees should be obligated to provide members with, at the minimum, RBA cash rate." She called for a regulatory shake up among the ...

APRA locks in mid-year heat map update

HARRISON WORLEY  |  THURSDAY, 19 MAR 2020
... to releasing an updated portion of its controversial MySuper heat map in June to reflect the actions of superannuation trustees over the seven months since its initial release. The prudential regulator is set to release an updated version of the fees ...

Prodigy folds, two boutiques to shut

KANIKA SOOD  |  WEDNESDAY, 18 MAR 2020
... return capital to investors. Both of their funds are currently under their benchmarks. The responsible entity, Equity Trustees, is considering alternative arrangements for Flinders. Prodigy's two offices will close as well. Prodigy's first boutique ...

AMP Life, AMP Capital fined

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
... it engaged in misleading communication with members. Following the introduction of legislation in 2012 that required trustees to offer members a default MySuper product, ASIC alleges CFS communicated with members of the FirstChoice Fund in a misleading ...

ASIC drags CFS to court over MySuper

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
... it engaged in misleading communication with members. Following the introduction of legislation in 2012 that required trustees to offer members a default MySuper product, ASIC alleges CFS communicated with members of the FirstChoice Fund in a misleading ...

Sunsuper Labor donations rile Bragg

HARRISON WORLEY  |  FRIDAY, 13 MAR 2020
... and the amount of $11,000 in the context of a $60 billion fund like Sunsuper is immaterial," Rowell said. "We expect trustees to have robust processes for managing their expenses and their operations and [to] make appropriate decisions in the best interests ...

Major industry events cancelled amid pandemic

ELIZABETH MCARTHUR  |  FRIDAY, 13 MAR 2020
... financial services sectors big events, including charity fundraiser FICAP. The Australian Institute of Superannuation Trustees has cancelled the annual CMSF after the World Health Organisation declared a pandemic. The conference was scheduled to run ...