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Showing 2001 - 2010 of 3321 results for "Trustees"

AIST and Mercer launch new super tracker

STAFF WRITER  |  FRIDAY, 9 JAN 2015
The Australian Institute of Superannuation Trustees (AIST) has teamed up with Mercer to develop a "super tracker" designed to evaluate the Australian superannuation system and measure policy changes. In a joint statement the two companies said the new ...

Royal commission must look at 'full picture': TWUSUPER CEO

JAMES FERNYHOUGH  |  THURSDAY, 11 DEC 2014
... talk to people. The relationship between unions and super funds is often painted as a political conspiracy that benefits trustees and unions, but not necessarily members. Sayer, however, said this was a misconception as it ignores the role of employer ...

Vertical integration not important anymore: Murray

LAURA MILLAN  |  TUESDAY, 9 DEC 2014
... welcomed the recommendation. FSC chief executive John Brogden said that super funds having a majority of independent trustees would break "inappropriate relationships between some trade unions and some industry funds."

Industry funds reject majority independent directors

JAMES FERNYHOUGH  |  MONDAY, 8 DEC 2014
... with the recommendation it must get the definition of independence right. The Australian Institute of Superannuation Trustees (AIST) and Industry Super Australia (ISA) firmly opposed the recommendation, with AIST chief executive Tom Garcia saying: "There ...

Boost impact investing, says FSI

MARK SMITH  |  SUNDAY, 7 DEC 2014
... in funding social service delivery. FSI chair David Murray also called for guidance to be provided to superannuation trustees on the appropriateness of impact investment. The report said that impact investing, which is growing in prominence globally ...

Financial System Inquiry recommendations wrap

STAFF WRITER  |  SUNDAY, 7 DEC 2014
... competition and efficiency in the superannuation system. The retirement phase of superannuation: Require superannuation trustees to pre-select a comprehensive income product for members' retirement. The product would commence on the member's instruction ...

MTAA hails 'a third, a third, a third' board structure a success

JAMES FERNYHOUGH  |  FRIDAY, 5 DEC 2014
... say about superannuation fund governance - namely, that the boards of super funds should have a quota of independent trustees. While many equal representation industry funds are up in arms about this, one industry fund - MTAA Super - has already gone ...

ATO cold calling to test SMSF trustees

LAURA MILLAN  |  FRIDAY, 5 DEC 2014
The Australian Taxation Office is calling self-managed super fund (SMSF) trustees to test their fund knowledge and restricting their ability to operate the fund if they fail. Legal document provider Topdocs said in a technical article that "examples ...

SMSF court case highlights penalty uncertainties

LAURA MILLAN  |  WEDNESDAY, 3 DEC 2014
The Federal Court's ruling on a case involving two self-managed super fund (SMSF) trustees who used their fund for personal matters has highlighted the uncertainty around penalties. The fund, totaling more than $260k, was used to purchase residential ...

APRA's IT infrastructure strains

ALEX DUNNIN  |  FRIDAY, 28 NOV 2014
In an extraordinary admission, the Australian Prudential Regulation Authority (APRA) has written to super fund trustees telling them APRA's information technology and data management systems are struggling to deal with the new data reporting regime ...