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Showing 1121 - 1130 of 3320 results for "Trustees"

Problems persist with PYSP communication: ASIC

ELIZA BAVIN  |  WEDNESDAY, 12 FEB 2020
ASIC said that common problems have been persistent in its review of superannuation trustees' PYSP communication with members, with some trustees failing to present facts and instead focusing on member and insurance retention. The regulator launched ...

OneVue takes control of Madison

JAMIE WILLIAMSON  |  THURSDAY, 6 FEB 2020
... saga, which began last Wednesday when Sargon entered external administration at the hands of one of its backers, Taiping Trustees. Sargon owed money to OneVue for the acquisition of its trustee business Diversa but failed to make the necessary payments. ...

Westpac also owed money by Sargon

KANIKA SOOD  |  THURSDAY, 6 FEB 2020
China's Taiping Trustees is not the only group owed money by Sargon and its related companies. There is also a roughly $35 million debt facility from Westpac bank, Financial Standard understands. The Westpac loan is in addition to previously reported ...

OneVue takes control of Sargon stake in Sequoia

KANIKA SOOD  |  THURSDAY, 6 FEB 2020
... price of 20 cents. The move comes as OneVue tries to recoup $31 million that is outstanding from its 2018 sale of Diversa Trustees to Sargon Capital Pty. On Tuesday OneVue appointed PwC as the receivers for SC Australian Holdings 1 Pty Ltd. "[The receivers] ...

Retirement income review must focus on women: KPMG

HARRISON WORLEY  |  WEDNESDAY, 5 FEB 2020
... Maroney said. "Dealing with regulatory change and uncertainty is commonly cited as the number one area of concern for SMSF trustees and advisers. The association believes that a successful retirement income system requires superannuation to be simpli ...

Sargon companies in administration

KANIKA SOOD  |  MONDAY, 3 FEB 2020
... In a statement to Financial Standard, Sargon said one of its creditors, Chinese state-owned insurance company Taiping Trustees has appointed McGrathNicol as administrator. The group also confirmed its chair, Robert Rankin, resigned on January 23. Rankin's ...

Frydenberg takes RC super advice

HARRISON WORLEY  |  FRIDAY, 31 JAN 2020
... recommendations of the Royal Commission, including banning directors of RSEs to hold any other roles and prohibiting trustees from charging advice fees in MySuper products. On the eve of the one-year anniversary of the release of Commissioner Kenneth ...

Ongoing fees, advice fees in super to be reformed

ELIZABETH MCARTHUR  |  FRIDAY, 31 JAN 2020
... is so. Also under the microscope are advice fees in superannuation. Draft legislation will remove the ability of super trustees to charge advice fees from MySuper products. Trustees would still be permitted to charge fees in relation to intra-fund advice ...

New MySuper outcomes tool set for release

HARRISON WORLEY  |  FRIDAY, 31 JAN 2020
A new tool will be released on Monday allowing trustees of superannuation funds to compare the outcomes of their MySuper option with those of their competitors. Superannuation investment solution provider Trustee Tailored Super (TTS) is planning to ...

K2 appoints head of research

ELIZA BAVIN  |  FRIDAY, 31 JAN 2020
... executive director and head of investment strategy at UBS and chief investment officer and head of asset management at Equity Trustees. Boubouras has also held senior roles at HSBC Global Asset Management, Macquarie Group, Westpac, NSW Treasury and UBS ...