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Showing 171 - 180 of 3319 results for "Trustees"

ASIC bans advisers for dodgy Shield Master Fund advice

KARREN VERGARA  |  WEDNESDAY, 9 JUL 2025
... was invested in Shield by at least 5800 consumers, who accessed Shield primarily through superannuation platforms, the trustees for which were Macquarie Investment Management and Equity Trustees Superannuation. "The investigation to date suggests that ...

AMP actions impacted 'hundreds of thousands' of customers: Shine

ELIZA BAVIN  |  FRIDAY, 4 JUL 2025
... and insured by AMP Life. The firm alleges that NM Superannuation Pty Limited and AMP Superannuation Limited (the AMP trustees) failed to act in the best interests of their members by providing them with expensive insurance policies, resulting in significant ...

ASFA publishes new service standards on claims handling

ELIZA BAVIN  |  FRIDAY, 4 JUL 2025
... required for members to receive a benefit payment. The service standard takes effect immediately and ASFA encouraged all trustees to adopt the standard as soon as possible, and no later than 1 July 2026. ASFA said it led detailed collaboration and consultation ...

ASIC targets advisers, platforms, research houses in super switching scams

KARREN VERGARA  |  THURSDAY, 3 JUL 2025
... value chain - from the lead generator to the financial adviser and super fund to platforms such as Macquarie and Equity Trustees - there is evidence of misconduct and the pocketing of commissions and incentive payments. "So, we are investigating every ...

BUSSQ's boardroom brass cleared, CFMEU spend deemed sound

ANDREW MCKEAN  |  WEDNESDAY, 2 JUL 2025
... prudent management. KPMG also determined that the current directors remain fit and proper under SPS 520, which requires trustees of APRA-regulated super funds to assess whether individuals in responsible person positions demonstrate the competence, character ...

APRA expects 'no cutting corners' with CPS230

KARREN VERGARA  |  TUESDAY, 1 JUL 2025
... are at the standard required." This is in light of ASIC handing down a scathing review on the state of superannuation trustees failing to monitor or report on their death benefit claims handling processes from start to finish. All the while, many super ...

Super funds, banks say cybersecurity is now their biggest concern

ANDREW MCKEAN  |  FRIDAY, 27 JUN 2025
... 48% said the same for operational risk. Notably, cyber security risk was rated particularly high among superannuation trustees. Financial risks such as credit risk and market risk, financial system stability, and climate risk, received a critical and ...

First Super deputy CEO jumps ship

ELIZABETH FRY  |  THURSDAY, 26 JUN 2025
... aligning business strategy with customer needs and expectations. Boucher earlier held a senior marketing role at State Trustees, the state government-owned company and the public trustee for Victoria.

Pension leaders urge US 401(k) plans to embrace private markets

ANDREW MCKEAN  |  THURSDAY, 26 JUN 2025
Pension trustees and investment strategists see an opportunity to expand US DC savings into private market assets, particularly real estate. According to discussions at the Pension Real Estate Association (PREA) Spring Conference, experts including ...

APRA acknowledges need to reduce regulatory burden

JAMIE WILLIAMSON  |  THURSDAY, 26 JUN 2025
... of regulatory burden and benefit, 33% said there is too little benefit to the industry for the level of burden. Super trustees rated the balance at 71%, while life insurers put it at just 63%. More positively, 93% of respondents said APRA's supervision ...