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Showing 221 - 230 of 3319 results for "Trustees"

BUSSQ abandons appeal, concedes to licence conditions

ANDREW MCKEAN  |  THURSDAY, 13 MAR 2025
... challenge his ruling. Separately, as previously reported by Financial Standard, APRA is proposing changes to superannuation trustees, insurers, and bank board's governance requirements. The regulator wants to ratchet up minimum standards for the ...

ASIC, ASFA spar over super fund trustees 'not knowing' their business

ANDREW MCKEAN  |  THURSDAY, 13 MAR 2025
... governance of super funds didn't know their business extremely well." Delahunty also said that publicly deriding trustees who oversee institutions that provide Australians with excellent returns on one of their most important investments is "puzzling." ...

Beware creep of cancel culture into super fund governance: Lawyer

ANDREW MCKEAN  |  FRIDAY, 7 MAR 2025
... contributions to help members achieve a dignified and enjoyable retirement. That's a huge responsibility and one trustees take very seriously, so we have always been keenly focused on ensuring funds are well governed and best prepared to navigate ...

Super, insurance, and bank boards' 'poor practices' targeted by APRA

ANDREW MCKEAN  |  THURSDAY, 6 MAR 2025
The boards of superannuation trustees, insurers, and banks are on notice, with APRA proposing changes to "strengthen and streamline" governance requirements. The regulator has released eight proposals in what marks the first "significant update" of ...

Stockspot officially launches low-cost super offering

ELIZA BAVIN  |  WEDNESDAY, 5 MAR 2025
... "Australians deserve a super fund that prioritises their savings over corporate sponsorships and hidden fees." Equity Trustees has been appointed as the trustee, MetLife has been named the insurer, DASH Promoter Services is serving as promoter and investment ...

Freezing order slapped on First Guardian Master Fund, Falcon Capital

KARREN VERGARA  |  MONDAY, 3 MAR 2025
... done primarily through their superannuation and using platforms linked to Macquarie Investment Management and Equity Trustees Superannuation. Also in 2022, ASIC banned Perth-based director Sharree Grace Hutchinson from providing financial services for ...

Treasury drafts superannuation retirement income principles

ANDREW MCKEAN  |  MONDAY, 24 FEB 2025
... retirement income solutions, extending beyond the obligations of the Retirement Income Covenant. The principles seek to help trustees gain a "detailed understanding" of their funds' membership, develop quality solutions that provide better outcomes for ...

Multiple account bungle costs AustralianSuper $27m

KARREN VERGARA  |  FRIDAY, 21 FEB 2025
... take strong action where we consider that members are not getting the service they deserve from their superannuation trustees," Court said. This was the first case that ASIC has brought in its capacity as a co-regulator with APRA alleging contraventions ...

Bragg accuses ASIC of secrecy

ELIZA BAVIN  |  THURSDAY, 20 FEB 2025
... benefits," Constant said. "We have had a multi-year program, focused on member services and superannuation, focused on holding trustees to account for ensuring the delivery of those services meet the fair expectations and standards of law of their members. ...

BUSSQ handed stricter licence conditions by APRA amid appeal

ANDREW MCKEAN  |  THURSDAY, 20 FEB 2025
... initially handed down in August 2024 but were on hold while BUSSQ challenged the move. The regulator said super fund trustees must act in the best financial interests of members and have robust processes to assess the fitness and propriety of their directors. ...