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Showing 201 - 210 of 941 results for "Superannuation Trustees"

State Super sets net zero targets

JAMIE WILLIAMSON  |  MONDAY, 13 DEC 2021
... financial interests of the fund's 93,270 members, saying: "It has become abundantly clear therefore that... superannuation trustees must respond to the investment risks associated with climate change and seek to mitigate them." "It is equally important ...

New financial crisis standards proposed

JAMIE WILLIAMSON  |  THURSDAY, 2 DEC 2021
APRA is consulting on two new prudential standards aimed at strengthening how entities, including superannuation trustees, respond to financial crises. CPS 190 Financial Contingency Planning (CPS 190) and CPS 900 Resolution Planning (CPS 900) are the ...

APRA questions trustees on financial resilience

CHLOE WALKER  |  MONDAY, 22 NOV 2021
... Australian Prudential Regulation Authority (APRA) has issued a discussion paper seeking information from superannuation trustees on their plans to maintain the financial resilience needed to protect members' best financial interests. APRA's prudential ...

TelstraSuper releases retirement income solution

KARREN VERGARA  |  TUESDAY, 9 NOV 2021
... up its consultation on the Retirement Income Covenant exposure draft legislation. The new law would see superannuation trustees design a strategy for retirees or near-retirees that maximises their retirement income over their later years. The strategy ...

APRA to disclose MySuper product YFYS test values

JAMIE WILLIAMSON  |  THURSDAY, 4 NOV 2021
In updating its frequently asked questions (FAQs) on the Your Future, Your Super performance test, APRA has confirmed it will publish each MySuper products' test value in the December heatmap. APRA said it intends to publish the performance test ...

APRA to weed out underperforming choice products

KARREN VERGARA  |  FRIDAY, 29 OCT 2021
... inaugural Choice Product Heatmap, the prudential regulator released staggering statistics that will force superannuation trustees to lift their game and expose choice products that are failing members by charging high fees and delivering poor investment ...

Former Women in Super chief joins AIST

ANNABELLE DICKSON  |  FRIDAY, 29 OCT 2021
The Australian Institute of Superannuation Trustees (AIST) appointed the former chief executive of Women in Super as general manager, professional development. Sandra Buckley led Women in Super for the past eight years where she was responsible for ...

Super executives switching options in conflict: ASIC

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 OCT 2021
... The surveillance revealed conduct that fell below ASIC's expectations, the regulator said. "We expected superannuation trustees to have robust conflict of interest policies that dealt adequately with investment switching, including by their directors ...

CFS fined $20m over super misconduct

JAMIE WILLIAMSON  |  TUESDAY, 19 OCT 2021
... to a cheaper MySuper product. "The $20 million penalty handed down to Colonial is a timely reminder to superannuation trustees not to mislead members for their own benefit. Trustees have an obligation to provide their members with balanced and accurate ...

ASIC eyes employee super fund choice

KARREN VERGARA  |  MONDAY, 18 OCT 2021
... in a way that leads to financial product advice about the employees' superannuation arrangement. "Superannuation trustees should not encourage employers to act in a manner that is contrary to the law to promote their funds. Recent law reform has ...