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

Search Results

Showing 1271 - 1280 of 3320 results for "Trustees"

IOOF responds to class action

ELIZABETH MCARTHUR  |  FRIDAY, 12 APR 2019
... IOOF Investment Management and Questor Financial Services, subsidiaries of IOOF, breached their duties as superannuation trustees. The law firm initially said it would file the action in mid-March. Revelations that IOOF's directors and officers were ...

Super funds hungry for global stocks, alternatives

KANIKA SOOD  |  THURSDAY, 11 APR 2019
... income mandates is unexpected given sentiment surrounding the global economic environment. But it may be that super fund trustees and their investment committees are already factoring in the rebounds notwithstanding equities mandates appointments has ...

Clime taps retail market

KARREN VERGARA  |  THURSDAY, 11 APR 2019
... Bristow said: "It's becoming quite evident that self-directed investors, and especially self-managed super fund (SMSF) trustees, want ease of access to professional investment managers, and that is what the OpenInvest platform offers." OpenInvest ...

ASIC delays choice product dashboards

KARREN VERGARA  |  THURSDAY, 11 APR 2019
The Australian Institute of Superannuation Trustees has slammed ASIC's move to defer consumer disclosure requirements for choice superannuation products for up to four years. Currently, superannuation funds with more than five members must disclose ...

Fee for no service on APRA and ASIC radar

KARREN VERGARA  |  WEDNESDAY, 10 APR 2019
... the provision of relevant services, pointing to the controversy exposed by the financial services Royal Commission. "Trustees should consider all necessary steps to make sure that members are clearly aware of fees being deducted from their account," ...

Government bans superannuation funds treating employers

KARREN VERGARA  |  WEDNESDAY, 10 APR 2019
New legislation has put an end to trustees incentivising employers to appoint them as their default superannuation fund. Part of the Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No 1) Bill 2019 bans ...

APRA receives new super powers

KARREN VERGARA  |  FRIDAY, 5 APR 2019
... prudential regulator's powers have been bolstered thanks to new laws that will enable it to take tougher action on trustees and underperforming funds. The Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures ...

AMP overhauls wealth leadership

ELIZABETH MCARTHUR, JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2019
... investment officer. Joining at the end of June, his focus will be on ensuring strong superannuation returns by supporting trustees. He was previously head of portfolio management at Credit Suisse. Also from Credit Suisse, Fraser Herd has been appointed ...

Federal Budget: Industry responds

HARRISON WORLEY  |  WEDNESDAY, 3 APR 2019
... the age pension and support better financial futures for all Australians." The Australian Institute of Superannuation Trustees were more critical of the Government however, maintaining the voluntary super contribution changes would not have much of an ...

NFP intra-fund advice is not a distribution channel

KARREN VERGARA  |  WEDNESDAY, 3 APR 2019
... separation of product and advice is underpinning advice discussions among retail funds. "Profit-to-member superannuation trustees put members' interests first and this extends to the financial advice their funds provide," she said. While many retail ...