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Showing 121 - 130 of 4468 results for "Trustee"

Australian Ethical Super handed extra licence conditions

JAMIE WILLIAMSON  |  THURSDAY, 27 NOV 2025
... independence, rigour and transparency regarding expenditure decisions. "Superannuation fund members should be able to expect that trustee expenditure decisions are made for the benefit of members. APRA will not hesitate to utilise the full force of its ...

Super funds lagging RIC obligations: Pulse Check

ELIZA BAVIN  |  WEDNESDAY, 26 NOV 2025
ASIC and APRA have released the findings of the 2025 Pulse Check on retirement income covenant (RIC) implementation, painting a fairly dire picture of how super funds are understanding and meeting member needs. While the regulators said some improvements ...

APRA-regulated funds should not pay CSLR special levy: SMC

MATTHEW WAI  |  MONDAY, 24 NOV 2025
The Super Members Council (SMC) is urging the government to carve out APRA-regulated super trustees' responsibility in the FY27 Compensation Scheme of Last Resort (CSLR) special levy, claiming that it will be a "clear breach" of the scheme's principle ...

Conaghan holds ASIC accountable for Shield, First Guardian mess

KARREN VERGARA  |  THURSDAY, 20 NOV 2025
The shadow minister for financial services Pat Conaghan has thrust ASIC front and centre of the First Guardian and Shield Master Fund collapses, saying it should take accountability for its delayed action and it is high time for its reformation. Conaghan ...

SMC makes recommendations to safeguard super

ELIZA BAVIN  |  MONDAY, 17 NOV 2025
... ASIC-APRA-Treasury review, tasked with strengthening governance and executive accountability, which should also reassess the trustee-for-hire model where platforms outsource accountability. Third, reintroduce ASIC's 2010 Investing Between the Flags initiative ...

Former ASIC chair, FASEA chief launch trustee

JAMIE WILLIAMSON  |  MONDAY, 17 NOV 2025
... Stephen Glenfield have joined forces with the founding chief executive of Diversa to establish an independent superannuation trustee. Super Trustees Australia has launched to help super trustees meet increased governance expectations and improve outcomes ...

Estimated CSLR levy comes in at $127m for FY27

JAMIE WILLIAMSON  |  MONDAY, 17 NOV 2025
The Compensation Scheme of Last Resort (CSLR) is estimating the sub-sector levy to be payable by the financial advice industry in FY27 will be $126.9 million - but that doesn't account for First Guardian and Shield. In total, the initial estimate ...

Macquarie terminates more options

KARREN VERGARA  |  FRIDAY, 14 NOV 2025
... High Income Portfolio - currently have a "soft closure" status. Furthermore, Macquarie Investment Management (MIML), as trustee of the Macquarie Superannuation Plan, yesterday revised its list of options that will terminate in March 2026. As at October ...

Money laundering to become greater issue for super: AUSTRAC

ELIZA BAVIN  |  FRIDAY, 14 NOV 2025
Speaking at the ASFA Conference 2025, AUSTRAC deputy chief executive, regulation Katie Miller said superannuation trustees will likely encounter more issues of money laundering as a greater number of their members reach retirement. Miller said that ...

APRA to continue crackdown on super fund expenditure

ELIZA BAVIN  |  THURSDAY, 13 NOV 2025
... clear that where those practices fall short of legal requirements, APRA will use the full range of its powers to hold a trustee to account," she said. Beverley-Smith added that there is further work for funds to do to comply with the Retirement Income ...