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Showing 1131 - 1140 of 3320 results for "Trustees"

SMSF data misleading: BGL

ALLY SELBY  |  FRIDAY, 31 JAN 2020
... administrator BGL Corporate Solutions has called out ASIC over a "misleading" fact sheet it published and distributed to SMSF trustees last year. It comes after SMSF Association chief John Maroney slammed the regulator over the data used in the same ...

Sargon runs out of steam

KANIKA SOOD, JAMIE WILLIAMSON  |  THURSDAY, 30 JAN 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. Shaun Robert Fraser and Jason Preston have been appointed as the receivers and ...

AMP cuts super fees

JAMIE WILLIAMSON  |  THURSDAY, 30 JAN 2020
... was announced earlier this month. The changes will see the removal of five of its seven existing funds and one of its trustees. AMP is currently defending a class action brought by Maurice Blackburn that alleges two million superannuation accounts were ...

UK regulator fined for pension failure

HARRISON WORLEY  |  TUESDAY, 28 JAN 2020
... compliant," the FCA's statement read. In a statement also provided to FT, TPR said it was not afraid to take action against trustees of non-compliant pension schemes, no matter who they are. "The FCA pension plan did not comply with the law because ...

SMSFA chief slams regulators, FASEA

ALLY SELBY  |  FRIDAY, 24 JAN 2020
SMSF Association chief executive John Maroney has slammed ASIC for a fact sheet published and distributed to SMSF trustees last year. During a speech at a Pritchitt Partners event in Sydney, the SMSFA chief also took aim at FASEA and the ATO. Maroney ...

Your Super, Your Choice debate heats up

ELIZABETH MCARTHUR  |  THURSDAY, 23 JAN 2020
The Financial Services Council and the Australian Institute of Superannuation Trustees aired some grievances about the planned Your Superannuation, Your Choice legislation. FSC chief executive Sally Loane said while the FSC broadly supports the new ...

Class action accuses NAB of super rip-off

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 JAN 2020
... did not perform their duties and exercise their powers in the best interest of beneficiaries. It also alleges that the trustees failed to give priority to the interests of beneficiaries where a conflict of interest arose. NAB is accused of failing to ...

DIY SMSF platform launched

ELIZA BAVIN  |  TUESDAY, 21 JAN 2020
A new software application that enables trustees of SMSFs to manage their own fund has been launched. DIY Super Online (DIYSOL) was developed by accountant and SMSF trustee Jeff Bain who said the application was designed to save trustees money on accounting ...

ASIC increases levy costs

ELIZA BAVIN  |  THURSDAY, 16 JAN 2020
The Australian Securities and Investment Commission has hiked the levies owed by superannuation trustees, up over 22% from what the regulator estimated in March 2019. ASIC had published the indicative levies for superannuation trustees as a minimum ...

Cbus Super chief to exit

KANIKA SOOD  |  WEDNESDAY, 15 JAN 2020
... Atkin has also spoken about the flaws in CIPRs legislation and the fund's stance that retirement products must give trustees the discretion to tailor them for their members' needs. "Cbus members fought for and won the right to superannuation ...