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Showing 2261 - 2270 of 10366 results for "Trust"

Four MySuper products fail for second time: APRA

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2022
Five MySuper products have failed the second annual MySuper performance test, with four of them failing for a second time. The product that failed this year's performance test for the first time is Westpac Group Plan MySuper. Westpac must now identify ...

The unintended consequences of the performance test

JAMIE WILLIAMSON  |  TUESDAY, 30 AUG 2022
While the annual Your Future, Your Super performance test is focused on stamping out underperformance, its impact on industry consolidation is likely already shifting, according to KPMG. The results of the second annual performance test are expected ...

Spirit Super consortium withdraws from port acquisition

ANDREW MCKEAN  |  TUESDAY, 30 AUG 2022
The Spirit Super and Palisade Investment Partners Consortium has not proceeded with its Port of Geelong acquisition, withdrawing its request for merger clearance from the ACCC. The ACCC recently informed the Spirit Super Palisade Consortium that it ...

Chant West launches platform rankings

CASSANDRA BALDINI  |  TUESDAY, 30 AUG 2022
Chant West has expanded its apple rating scale to investment platforms, launching today with ratings for five platforms. Previously used to assess super and pension funds, Chant West will now use the rating service to review the features, services and ...

Focus on providing 'good advice': QAR draft proposals

JAMIE WILLIAMSON, CASSANDRA BALDINI  |  MONDAY, 29 AUG 2022
... been asked to make recommendations about the regulatory framework but explained that cannot do much to encourage greater trust and confidence in the industry that ASIC will not take disproportionately punitive action. She proposed ASIC adopt a facilitative ...

ASIC tells super trustees to improve TMDs

ANDREW MCKEAN  |  MONDAY, 29 AUG 2022
ASIC is calling on superannuation trustees to review and improve the effectiveness of target market determinations (TMD) for their products. The regulator's request follows a sample review of trustee compliance that found some poor practices. ASIC ...

Super giants, investment firms join Future IM/Pact

CASSANDRA BALDINI  |  MONDAY, 29 AUG 2022
... movement that recruits and fosters young women in Australia's investment sector. The latest members join Australian Retirement Trust, QIC, VFMC and HESTA who already back the program. "Australia's most influential investment leaders are recognising the ...

MobiSuper, licensee to pay $250k penalty

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
MobiSuper and its licensee will pay a $250,000 penalty for breaching superannuation advice laws while promoting the MobiSuper fund. MobiSuper and ZIB Financial will pay the combined penalty after the Federal Court found MobiSuper representatives had ...

ASIC capability review released

CASSANDRA BALDINI  |  FRIDAY, 26 AUG 2022
The Financial Regulator Assessment Authority (FRAA) reviewed ASIC and said it's generally effective and capable but there are still some important opportunities to enhance performance. The FRAA released its report, Effectiveness and Capability Review ...

Vanguard granted RSE licence

JAMIE WILLIAMSON  |  FRIDAY, 26 AUG 2022
Vanguard expects to launch its product before the end of the year, having been handed a registrable superannuation entity licence. APRA granted a new RSE licence to Vanguard Super Pty Ltd, the trustee of Vanguard Super, yesterday. In an update, Vanguard ...