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Showing 1141 - 1150 of 3320 results for "Trustees"

ASIC confirms SMSF negative returns

ELIZA BAVIN  |  TUESDAY, 14 JAN 2020
... associated with low-balance SMSFs, encouraging a higher level of diversification. Last year, the ATO wrote to over 17,000 SMSF trustees warning them their SMSF did not meet diversification requirements.

Sunsuper welcomes new board directors

ALLY SELBY  |  FRIDAY, 10 JAN 2020
... the Mother's Day Classic Foundation. Wood was formerly the president of the Australian Institute of Superannuation Trustees, as well as the assistant secretary of the Australian Services Union and the chief executive of the Trade Union Training Authority. ...

Faith-based super fund increases fees

ELIZABETH MCARTHUR  |  FRIDAY, 10 JAN 2020
... of scrutiny applied to investment practices and management leading to higher costs than other funds may incur." Equity Trustees, the trustee for Crescent Wealth Super, will issue a new PDS that will apply from 1 February 2020 and no other fees are expected ...

AMP to cull super trustee, five funds

HARRISON WORLEY  |  THURSDAY, 9 JAN 2020
... involve NM Super investing directly in superannuation assets, a shift from previous AMP practice whereby the firm's super trustees invested in life-backed insurance policies issued by AMP Life. According to AMP, NM Super will take a "more active role" ...

ASIC bans former Charter, NAB adviser

KANIKA SOOD  |  WEDNESDAY, 8 JAN 2020
... biggest financial institutions in areas of credit and retail lending, financial advice, fees for no service, superannuation trustees, insurance, unfair contract terms and other licensee obligations. In addition to the 64 advisers, ASIC has also banned ...

ASIC urges improved insurance outcomes

ELIZA BAVIN  |  FRIDAY, 13 DEC 2019
... change occurring in relation to insurance in superannuation." "In this dynamic phase, it is important that superannuation trustees remain focused and committed to improving outcomes for members." ASIC said the Code sets standards of practice with the ...

APRA releases MySuper heat map

HARRISON WORLEY  |  TUESDAY, 10 DEC 2019
... Australia's "underperforming tail" of superannuation products. As such, the regulator has already begun to contact those trustees most poorly represented by the heat map, seeking to understand how they will improve member outcomes. "Since releasing ...

Super consumer body grateful for intervention

HARRISON WORLEY  |  WEDNESDAY, 4 DEC 2019
... ongoing costs. The commission noted superannuation debates were dominated by bodies representing the interests of funds and trustees rather than members. To that end, CHOICE launched Super Consumers Australia earlier this year, an advocacy body designed ...

Equity Trustees renews custody mandate

ALLY SELBY  |  WEDNESDAY, 4 DEC 2019
Equity Trustees has renewed its mandate with State Street Corporation for custodial and investment administration services of its Equity Trustees wealth services funds. The new agreement will see State Street provide custody, fund accounting, regulatory ...

Sargon opens door to trustee tech

ELIZA BAVIN  |  TUESDAY, 3 DEC 2019
... announced its full-stack trustee technology will launch as a Software as a Service (SaaS) offering for superannuation trustees in Australia and New Zealand. The financial technology and infrastructure company said its Sargon Trustee Cloud software has ...