Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1261 - 1270 of 3320 results for "Trustees"

SMSF wind-ups spike: ATO

ELIZABETH MCARTHUR  |  THURSDAY, 9 MAY 2019
... further explained the increase in SMSF wind-ups could simply be the passage of time. "The first cohort of original SMSF trustees is now reaching age 80-90 and their balances may be getting low or they have lost interest in running a SMSF. It is good ...

Communication fails to keep member interests at heart

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2019
Many superannuation fund members are feeling confused after receiving communication from trustees attempting to explain the new Protecting Your Superannuation Package laws. Some super funds however, are outshining others. APRA wrote to trustees today ...

Name and shame super sectors: AIST

HARRISON WORLEY  |  MONDAY, 6 MAY 2019
The Australian Institute of Superannuation Trustees wants Australian Financial Complaints Authority to report which superannuation sectors are most complained about. In a submission to AFCA's consultation paper on proposed arrangements for comparative ...

Aon exits advice

HARRISON WORLEY  |  TUESDAY, 30 APR 2019
... superannuation and its investment offering, including smartMonday. "That decision has been reflected in Aon's alliance with Equity Trustees and the merger of the Executive Superannuation Fund and the Aon Master Trust in 2017 to create a $5 billion superannuation ...

Members dismiss intra-fund advice: Poll

KARREN VERGARA  |  MONDAY, 29 APR 2019
... charge members for advice, unless the advice is given for a related pension fund and is not ongoing. "Superannuation trustees should carefully consider whether they can collectively charge for certain TTR advice, depending on whether the advice is ongoing ...

IOOF breaches APRA licence conditions

HARRISON WORLEY  |  FRIDAY, 26 APR 2019
... has issued IOOF's three APRA regulated entities - IOOF Investment Management Limited (IIML), Australian Executor Trustees (AET) and IOOF - with show cause notices, having formed the "preliminary view" the entities have breached their licence conditions. ...

Study unveils state with largest superannuation gender gap

KARREN VERGARA  |  FRIDAY, 26 APR 2019
... male and female employees, at nearly 40%. The study by Women in Super and the Australian Institute of Superannuation Trustees of large industry superannuation funds found the gender savings gap is worst in Western Australia, hitting a disparity of 39% ...

Superannuation mergers strike oligopoly fears

KARREN VERGARA  |  TUESDAY, 23 APR 2019
... Meanwhile, APRA has been armed with new powers to weed out poor performers, and impose civil and criminal consequences if trustees and directors breach sections 52 and 52A of the SIS Act. "In some instances, acting in the best interests of members will ...

ASIC targets misleading member communication

KARREN VERGARA  |  WEDNESDAY, 17 APR 2019
... reforms, which are due to take effect on 1 July 2019. ASIC Commissioner Danielle Press said: "It is not appropriate for trustees to encourage all members to maintain insurance - many members with inactive accounts will be better off allowing the insurance ...

Superannuation bills on hold

KARREN VERGARA  |  MONDAY, 15 APR 2019
... Treasury Laws Amendment (Putting Members' Interests First) Bill 2019, a highly anticipated Bill that aims to prevent trustees from providing insurance on an opt-out basis to members under 25 years old and those with balances below $6000, has faced another ...