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Showing 1371 - 1380 of 3320 results for "Trustees"

SMSF cash allocation dips

KARREN VERGARA  |  WEDNESDAY, 12 SEP 2018
... their money where they want it," LaGreca said. Changes to the contribution rules could also explain the shift, as many trustees took their last opportunity to make large non-concessional contributions to superannuation, he added. CommSec also released ...

Insurance in super code weak: ASIC

KARREN VERGARA  |  MONDAY, 10 SEP 2018
... weaknesses" despite the launch of the voluntary code of practice nine months ago. Over 2017-18, ASIC reviewed 47 superannuation trustees, which included 11 life insurance providers. From the outset, there was "a very high level of variation" in TPD definitions ...

Philanthropic sector advocates transparency facelift

DARREN SNYDER  |  MONDAY, 10 SEP 2018
... subject area, support strategy, organisation name, year, size, keyword, grant-maker type and transaction type. Perpetual Trustees national manager philanthropy and non-profit services Caitriona Fay said the initiative "enables us to cross leverage data ...

ASIC to ramp up trustee visits

KARREN VERGARA  |  FRIDAY, 7 SEP 2018
... Superannuation funds should get accustomed to leaving the front door open for ASIC as the regulator flagged it will pay trustees more periodic visits. Presenting a regulatory update at the AIST Super Investment Conference? in Cairns yesterday, ASIC senior ...

Super industry welcomes Age Pension backflip

HARRISON WORLEY  |  THURSDAY, 6 SEP 2018
... the day. Speaking at the 2018 Super Investment Conference in Cairns yesterday, Australian Institute of Superannuation Trustees chief executive Eva Scheerlinck said the AIST was relieved to see some common sense finally coming to the discourse over the ...

Trustees caught in a balancing act

KARREN VERGARA  |  THURSDAY, 6 SEP 2018
The financial services Royal Commission exposed substantial breaches of fiduciary duties that show superannuation trustees have to lift their game and improve governance standards, a legal expert says. Holding Redlich partner Paul Faure told the AIST ...

Managed accounts could outstrip super sector on CIPRs

KANIKA SOOD  |  WEDNESDAY, 5 SEP 2018
... Australia. In its May budget, the Federal Government said it would introduce a retirement income covenant requiring super fund trustees to offer Comprehensive Income Products for Retirement (CIPRs) and a consultation period was held in the same month. ...

No time for complacency: AIST

KARREN VERGARA  |  WEDNESDAY, 5 SEP 2018
... the retail super sector but can't afford to be complacent, according to the Australian Institute of Superannuation Trustees. Kicking off the 2018 Super Investment Conference in Cairns this morning, AIST chief executive Eva Scheerlinck said the Commission ...

APRA to reopen old wounds for CBA, IOOF

KARREN VERGARA  |  WEDNESDAY, 5 SEP 2018
... serious compliance questions not in accordance with the Superannuation Industry (Supervision) Act. APRA warned namely the trustees of Suncorp, Colonial First State and IOOF it is reviewing material to identify further steps to be taken. APRA said it ...

SMSFA questions three-year audits

KARREN VERGARA  |  TUESDAY, 4 SEP 2018
... SMSFA chief executive John Maroney said the shift to three-year audits would not result in significant costs savings for trustees and may pose "potential integrity risks." "We believe any cost reductions for SMSFs trustees would not be substantial and ...