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Showing 131 - 140 of 1085 results for "Superannuation trustee"

Adviser levy discount amounts to $8m saving

KARREN VERGARA  |  FRIDAY, 10 NOV 2023
Financial advisers are set to pay $400 less in the ASIC funding levy, saving the industry $8 million in total, according to new estimates from the Financial Advice Association Australia (FAAA). Based on two legislative instruments dated November 3 ...

Potential reporting relief for trustees: ASIC

CHLOE WALKER  |  TUESDAY, 7 NOV 2023
ASIC is proposing to extend the temporary relief for superannuation trustees' disclosure and reporting consistency obligations for two years. ASIC is seeking feedback on the potential extension, including whether the current arrangement is operating ...

Westpac reports $7.2bn profit

KARREN VERGARA  |  MONDAY, 6 NOV 2023
Soaring interest rates bolstered Westpac home and business loan books which ultimately saw the bottom line jump by 26% to $7.2 billion. The major bank's full-year performance to September reaped from $70 billion worth of home loans that transitioned ...

Dispute resolution failures land TelstraSuper in Federal Court

KARREN VERGARA  |  MONDAY, 6 NOV 2023
... subject of ASIC proceedings so we're unable to provide further details at this time." Complaints to a superannuation trustee can cover a range of issues, from members who were inconvenienced by confusing information, to more serious complaints that ...

'Critical shortcomings' demand urgent action from trustees: APRA

ANDREW MCKEAN  |  TUESDAY, 31 OCT 2023
APRA deputy chair Margaret Cole has sounded the alarm on gaps in superannuation trustees' plans to assist the "tidal wave of fund members" heading toward retirement. At the Australian Financial Review's Super and Wealth Summit today, Cole outlined ...

ASIC loses case against Diversa

JAMIE WILLIAMSON  |  TUESDAY, 24 OCT 2023
The Federal Court has found in favour of Diversa in the case brought by ASIC in 2021 which alleged the trustee knew about a now banned adviser's dodgy behaviour but failed to act. In October 2021, ASIC commenced civil penalty proceedings against ...

WAM launches unit trust, names RE

CHLOE WALKER  |  TUESDAY, 24 OCT 2023
... 200 Accumulation Index by 5.2% per annum since inception. EQT executive general manager, corporate and superannuation trustee services Andrew Godfrey said: "We are excited to be selected as the responsible entity role for this unit trust by Wilson Asset ...

Calls for paid menopause leave gather momentum

JAMIE WILLIAMSON  |  WEDNESDAY, 18 OCT 2023
Aware Super will now offer employees paid menopause leave, as the Finance Sector Union (FSU) launches an industry-wide survey on the impact of menopause and menstruation in the workplace in tandem with World Menopause Day. The Australian Institute of ...

FIIG Securities picks Equity Trustees for new fund

CASSANDRA BALDINI  |  WEDNESDAY, 4 OCT 2023
... range of fixed-income securities." Meanwhile, Equity Trustees executive general manager of corporate and superannuation trustee services Andrew Godfrey said the firm is delighted to be selected as trustee for the new fund, adding that the firm is focused ...

FEAL appoints NGS Super chief to board

CASSANDRA BALDINI  |  FRIDAY, 29 SEP 2023
... AMP as a senior manager of trustee governance and two years at Suncorp as manager of the office of the superannuation trustee. Previtera also formerly worked at Perpetual and Commonwealth Bank in similar roles. Welcoming the new member to the board ...