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Showing 1381 - 1390 of 3320 results for "Trustees"

Retail super funds reject MySuper delays

KARREN VERGARA  |  TUESDAY, 4 SEP 2018
... time the transfers that may ultimately not have been in the best interests of members. AMP denied there was evidence its trustees failed to regard members' interests when approving those plans. In its submission, NAB accepts there had been a breach or ...

Praemium taps Netwealth analyst for head governance role

HARRISON WORLEY  |  FRIDAY, 31 AUG 2018
... Adelaide Bank, moving to Bendigo Wealth as a senior manager of its technical solutions team. He then moved to Sandhurst Trustees as a senior manager of research, before joining Netwealth in 2016 as a senior investment research analyst. Announcing its ...

Life insurers take the Royal Commission stand

HARRISON WORLEY  |  TUESDAY, 28 AUG 2018
... of claims under life insurance and general insurance policies. The administration of life insurance by superannuation trustees will also be covered, bringing super back into the Royal Commission spotlight after two weeks of scrutiny in the fifth round ...

Retail super funds in hot water: Royal Commission

KARREN VERGARA  |  MONDAY, 27 AUG 2018
... document. Counsel assisting Michael Hodge said it is open to Commissioner Kenneth Hayne to find that NAB and its two trustees, Nulis Nominees and MLC Nominees, breached the Corporations Act and Superannuation Industry Act with respect to plan service ...

Equity Trustees net profit up 28pct, execs get bonuses

KANIKA SOOD  |  WEDNESDAY, 22 AUG 2018
... the company says performed exceptionally, took home more than the STI ceiling set for them. Mark Blair, who is Equity Trustees superannuation portfolio services general manager was paid $130,000, above the $120,000 short term incentive set for him. Phillip ...

Super funds cop governance grilling

HARRISON WORLEY  |  TUESDAY, 21 AUG 2018
Governance experts have weighed in on the repercussions for superannuation fund executives and trustees after an unyielding fortnight of appearances at the financial services Royal Commission. Governance Institute of Australia chief executive Steven ...

ASIC defends enforceable undertakings at Royal Commission

KANIKA SOOD  |  FRIDAY, 17 AUG 2018
... together manage about $620 billion. "What the evidence as a whole suggests is that it may well be the case that some super trustees are not prioritising the interests of their members over the interests of others including themselves and the groups of ...

APRA banned one person in 10 years: Royal Commission

HARRISON WORLEY  |  FRIDAY, 17 AUG 2018
... enforceable undertaking, if needed," Rowell said. Hodge moved the morning's discussion to APRA's monitoring of superannuation trustees - focusing on AMP and NULIS initially. Asked whether the prudential regulator considered NAB trustee NULIS to be well-functioning ...

Royal Commission on social media: Former Treasurer weighs in

HARRISON WORLEY  |  FRIDAY, 10 AUG 2018
... highlighted his opinion of the gap in the performances of Ian Silk and Chris Kelaher in the Royal Commission witness box. NAB Trustees on whether services are being provided? #BankingRC pic.twitter.com/HYVbfzI4a6 - Tim Mackay ???? (@timqfadvice) August ...

MLC MySuper investment budget was tight-fisted: Royal Commission

KANIKA SOOD  |  WEDNESDAY, 8 AUG 2018
... Hodge said. Smith conceded, saying the words on the paper did read like that. Trustee sets goals for MLC MySuper The trustees set a goal of getting the MLC MySuper product to exceed the 60th percentile in the SuperRatings Survey in five years. At the ...