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Showing 191 - 200 of 3319 results for "Trustees"

New SMSF trustees drive financial advice uptake

ANDREW MCKEAN  |  WEDNESDAY, 28 MAY 2025
Trustees of newly established self-managed super funds (SMSFs) are behind a surge in the uptake of financial advice, according to a Vanguard/Investment Trends SMSF report. The report, while showing that adviser influence is growing in new SMSF set-ups ...

ASIC tells super: 'You have everything you need to not fail'

ELIZA BAVIN  |  WEDNESDAY, 28 MAY 2025
... we're looking at'," Constant said. Constant pointed to the raft of information the regulator has provided superannuation trustees based on its own surveillance and even provided them with suggestions for how to improve their services - yet shockingly ...

AMP super class action finally hits court

JAMIE WILLIAMSON  |  TUESDAY, 27 MAY 2025
... conduct represents a serious failure of duty, transparency and fairness. "The class action alleges that AMP superannuation trustees were deferential to the financial interests of the AMP Group at the expense of the interests of members. This had a harmful ...

'Tensions' identified between FAR and other requirements

ELIZA BAVIN  |  MONDAY, 26 MAY 2025
... components of the business not regulated by FAR," notes from the roundtable said. The regulators said it was important for trustees to identify related entities and understand their connections to effectively manage risks and fulfill RSE licensing obligations. ...

ASFA, EY release guidance on CPS 230

ELIZA BAVIN  |  THURSDAY, 22 MAY 2025
The Association of Superannuation Funds of Australia (ASFA) and EY have released guidance to help superannuation trustees navigate key aspects of APRA's new prudential standard, CPS 230. CPS 230 will come into effect on July 1, making super trustees ...

ASIC sues home loan manager over 'unlawful' hardship application handling

MATTHEW WAI  |  WEDNESDAY, 21 MAY 2025
... Investments Commission (ASIC) has filed legal proceedings against Resimac, which manages non-bank loans provided by Perpetual Trustees, for failing to provide appropriate care in responding to hardship applications. Resimac is an alternative lender for ...

NAB MySuper class action settlement approved

JAMIE WILLIAMSON  |  WEDNESDAY, 14 MAY 2025
... start receiving payments in March of this year, however the court approval was delayed. The class action alleged the trustees breached their duties by delaying the transition of about 330,000 members' accounts to cheaper MySuper products. Most members ...

Reducing super tax cap to $2m 'a concern': FAAA

ELIZA BAVIN  |  FRIDAY, 9 MAY 2025
... they must maintain a level playing field for all advice providers - including the many small businesses serving SMSF trustees," Burgess said. "The Association is concerned about the proposed collective charging model that allows large superannuation ...

Rest details internal program to reform death benefit processes

ANDREW MCKEAN  |  FRIDAY, 2 MAY 2025
... program comes on the back of ASIC's review into the death benefit claims handling practices of 10 superannuation trustees in March. ASIC's review found Rest had resolved just 8% of claims within 90 days - the lowest rate among the trustees assessed. ...

Future Group confirms more mergers ahead, undertakes review

JAMIE WILLIAMSON  |  THURSDAY, 24 APR 2025
... Smart Future Trust alongside the MLC Insurance Only product that currently sits inside an Insignia Financial fund. Equity Trustees serves as trustee of both the Smart Future and Zurich offerings and, following a review, decided Zurich members would be ...