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Showing 1 - 10 of 700 results for %22State Trustees%22

James Mawhinney arrested as Mayfair 101 saga rolls on

JAMIE WILLIAMSON  |  WEDNESDAY, 10 APR 2024
... four occasions between 9 August 2019 and 21 April 2020 made representations to the trustee of the IPO Wealth Fund, Vasco Trustees, that it owned companies in Italy that it did not. He appeared in Melbourne Magistrates Court yesterday and is due to reappear ...

Tranche one of advice reforms hits parliament

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2024
... requirements for certain insurance commissions (Recommendations 13.7, 13.8 and 13.9). This amends the Corporations Act to state that a person who provides personal advice to a retail client about a life risk insurance product, general insurance product ...

Government consults on options to improve performance test

ANDREW MCKEAN  |  MONDAY, 11 MAR 2024
... reform options, the primary focus is on improving member outcomes through an enduring test that supports and incentivises trustees to achieve the best retirement outcomes for their members. The first option, maintaining the status quo, suggests refining ...

ASIC cracks down on scammers

CHLOE WALKER  |  MONDAY, 4 MAR 2024
... and respond to scams. The regulatory body will now shift its focus towards a wider range of banks and superannuation trustees to ensure that they are taking all necessary measures to protect their members and customers from malicious scammers. "We are ...

Bloom Impact, MSC pulled up for greenwashing

RACHEL ALEMBAKIS  |  THURSDAY, 29 FEB 2024
... Corp and Raytheon Technologies Corp. ASIC has also levied fines against Future Super, Black Mountain Energy, Diversa Trustees Limited, Vanguard Investments Australia, Tlau Energy and Northern Trust Asset Management. ASIC currently has three greenwashing-related ...

Super funds convene with assistant treasurer

ANDREW MCKEAN  |  MONDAY, 26 FEB 2024
... and higher service standards. Proposals included introducing a digital binding death nomination form and integrating all state and territory-issued ID documents into the government's digital verification service. This discussion also floated the ...

ASIC waves red flag at advisers, trustees over Choice products

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2024
An extensive review of processes across superannuation trustees, financial advisers and advice licensees has found very little evidence that consumers are aware of how poorly Choice products they're in are performing, and that such underperformance ...

ASIC to tighten grip on super fund misdemeanours

ANDREW MCKEAN  |  FRIDAY, 2 FEB 2024
... said remains a key focus for ASIC in 2024, Court said With proceedings underway against Mercer Super and Active Super, trustees will be aware that we will use every lever legislation affords us to eliminate this practice, and we will continue to monitor ...

Market performance fails to sway retirement confidence: State Street

ANDREW MCKEAN  |  FRIDAY, 19 JAN 2024
Despite positive investment market performance, Australians' retirement confidence is weakening, according to a State Street Global Advisors survey. Contrary to expectations, State Street's Global Retirement Reality report found that factors like inflation ...

Retirement phase of superannuation consultation opens

KARREN VERGARA  |  MONDAY, 4 DEC 2023
... lifetime income products more accessible. Released today, discussion paper Retirement phase of superannuation states that trustees must do more to understand their members' retirement needs and provide products and services tailored for their retirement. ...
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