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Showing 1231 - 1240 of 3320 results for "Trustees"

Increasing SG costly for middle Australia: Grattan

KARREN VERGARA  |  WEDNESDAY, 10 JUL 2019
... position held by Paul Keating, Bill Shorten and the Fair Work Commission in 2013. The Australian Institute of Superannuation Trustees head of advocacy Ailsa Goodwin said adjusting the taper rate is critical to the integrity of superannuation and the ...

MLC faces class action over adviser fees

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 JUL 2019
... information, our understanding is that excess fees charged to MLC Super members likely exceed $100 million. Superannuation trustees have an obligation to act in the best interest of their members. In charging fees to members in order to pay these adviser ...

PYSP communication divides opinion

KARREN VERGARA  |  TUESDAY, 9 JUL 2019
... reforms were communicated is mixed, according to Financial Standard 's recent spot poll. We sought to find out if trustees communicated the PYSP legislation in a clear, timely and effective manner after finding that superannuation fund contact centres ...

Putting Members' Interests First Bill reintroduced

KARREN VERGARA  |  FRIDAY, 5 JUL 2019
Legislation that prevents trustees from providing opt-out insurance to new members under 25 and low balance account holders was reintroduced in Parliament overnight. The Treasury Laws Amendment (Putting Members' Interests First) Bill 2019, which was ...

APRA warns trustees on PYSP deadline breach

KARREN VERGARA  |  WEDNESDAY, 3 JUL 2019
APRA has warned trustees that failed to comply with the July 1 Protecting Your Superannuation Package deadline to inform the prudential regulator straight away. A trustee that breaches the PYSP legislation at the product level application or the fixed-term ...

Whistleblowers given new protection

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 JUL 2019
... may receive in line with the legislative requirements." Large proprietary companies, public companies, and corporate trustees of registrable superannuation entities are now required to have a whistleblower policy in line with the changes.

Associations raise member outcomes concern

KARREN VERGARA  |  FRIDAY, 21 JUN 2019
... Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No.1) Bill 2019 requires trustees to promote the financial interests of members, the Australian Institute of Superannuation Trustees pointed out that the ...

Dealer group buys bank advice arm

ELIZABETH MCARTHUR  |  MONDAY, 17 JUN 2019
... as the sale allows MyState to simplify its business and look to other growth areas. "Through our Tasmanian Perpetual Trustees (TPT) brand, we are building a simplified national and highly scalable wealth management business focussed on managed funds ...

AMP Super, board slapped with licence conditions

KARREN VERGARA  |  FRIDAY, 14 JUN 2019
... experience, AMP added. "This, together with a new trustee operating model, is designed to strengthen the independence of the trustees and ensure they continue to work in the best interests of members," it said. This morning, AMP sent a memo to its representatives ...

Fund manager exits global debt, chief resigns

JAMIE WILLIAMSON  |  THURSDAY, 13 JUN 2019
... Global Investors, holding the role of director, institutional business and director, adviser services. Last month Equity Trustees, as responsible entity, announced SIAL would retire as investment manager of the Supervised Global Income Fund and be replaced ...