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Showing 1641 - 1650 of 22869 results for "Super"

Super framework, SMSFs conducive to financial abuse: Inquiry

KARREN VERGARA  |  FRIDAY, 6 DEC 2024
... perpetrators of domestic violence to access victims' retirement savings, while the current framework for self-managed super funds (SMSFs) enables financial abuse to flourish, a parliamentary inquiry found. The Parliamentary Joint Committee on Corporations ...

MLC trustees to pay $65m in MySuper class action settlement

JAMIE WILLIAMSON  |  FRIDAY, 6 DEC 2024
... more than 300,000 members to cheaper MySuper options. Maurice Blackburn has today advised it reached a settlement with MLC Super Fund, NULIS Nominees and MLC Nominees in the class action it brought on behalf of MasterKey members in 2020. It was estimated ...

HESTA names general manager of retirement

MATTHEW WAI  |  FRIDAY, 6 DEC 2024
... new business and growth enablement, a position she held for two years. In this strategic position, O'Shea will lead the super fund's retirement function and cater to members' retirement needs. She will also be responsible for ensuring HESTA's compliance ...

Super funds should focus on 'simple' advice: Jones

ELIZA BAVIN  |  FRIDAY, 6 DEC 2024
... purpose of Tranche 2 of Delivering Better Financial Outcomes (DBFO)- which was previewed earlier this week - is to allow super funds to provide basic financial advice, not to see a repeat of issues raised during the Royal Commission. Speaking to ABC ...

GESB renews administration mandate

JAMIE WILLIAMSON  |  THURSDAY, 5 DEC 2024
... Group, has held the mandate since July 2014 when the Western Australian government first outsourced the management of its super admin services. The new agreement was effective December 1. GESB chief executive Ben Palmer said: "At GESB, our focus remains ...

Equity Trustees completes AET integration

ELIZA BAVIN  |  THURSDAY, 5 DEC 2024
EQT Holdings Limited (Equity Trustees) has completed the integration of Australian Executor Trustees Limited (AET). The completion was marked by the conclusion of the Transition Service Agreement that Equity Trustees had in place with Insignia Financial ...

HMC Capital makes $950m acquisition

ELIZA BAVIN  |  THURSDAY, 5 DEC 2024
HMC Capital has agreed to acquire Neoen's Victorian renewable generation and storage portfolio for $950 million. The portfolio comprises four operational assets and six development assets. HMC said the acquisition will further seed its inaugural Energy ...

Treasury gives Tranche 2 reform package preview

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
... entities - like insurance and superannuation - and will not be able to advise on more complex topics, like self-managed super funds or managed investment schemes. A blacklist will be prescribed in the regulations, Treasury said. It is hoped creating ...

Cbus lacks stringent director, expenditure policies: Deloitte

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
An independent review by Deloitte has found little evidence to suggest Cbus' pricey relationship with the CFMEU is in the best financial interests of members. It also found the fund's processes for determining the propriety of board directors ...

Trustees, advisers have 'insufficient focus' on performance

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2024
... to be available." The regulator found there was often insufficient focus on performance and a lack of evidence around how super trustees, financial advisers and advice licensees were considering persistently underperforming investment options. Kirkland ...