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Showing 2411 - 2420 of 3321 results for "Trustees"

SMSF collectable insurance poses compliance risks

MELANIE TIMBRELL  |  MONDAY, 17 SEP 2012
Collectable assets held within a self-managed super fund (SMSF) are about to cause compliance problems for trustees failing to procure appropriate insurance, one service provider has warned. All new SMSF investments in art and collectables made on or ...

Treasury seeks to boost APRA powers

MELANIE TIMBRELL  |  THURSDAY, 13 SEP 2012
Proposed new changes from Treasury would see the prudential regulator awarded pre-emptive powers to remove trustees, directors or officers of a superannuation fund where a breach of law was anticipated. The move was part of a broad-reaching consultation ...

J.P. Morgan launches risk measure tool

BEN COLLINS  |  THURSDAY, 30 AUG 2012
... the new SPDS regime, via the "Standard Risk Measure" classification system. Introduced on 22 June 2012, superannuation trustees must disclose a Standard Risk Measure for each investment option offered in a superannuation product covered by the SPDS regime ...

Remove insurance from super: Cassidy

MELANIE TIMBRELL  |  WEDNESDAY, 29 AUG 2012
... differentiation between funds when considering choice." Any such scheme would remove insurance decisions from the hands of trustees, which Cassidy believes would be a further benefit, although funds could continue to collect the premiums to pass on to ...

FSC, ASFA endorse APRA's risk measure stance

MELANIE TIMBRELL  |  WEDNESDAY, 29 AUG 2012
... alliance composed of the Actuaries Institute, the Industry Super Network and the Australian Institute of Superannuation Trustees. The three industry bodies are concerned the requirement to disclose the risk of negative returns over a 20-year period across ...

APRAs' best intentions misleading: Super industry

BEN COLLINS  |  TUESDAY, 28 AUG 2012
... investment risk, said three industry organisations. In a letter sent to APRA, the Australian Institute of Superannuation Trustees (AIST), the Actuaries Institute and the Industry Super Network (ISN) said they had serious concerns about APRA's proposed ...

FSC super governance policy forces independence

BEN COLLINS  |  MONDAY, 27 AUG 2012
... management businesses, superannuation funds, life insurers, financial advisory networks, trustee companies and public trustees. It has over 130 members who are responsible for investing more than $1.8 trillion.

MySuper flipping ban passes lower house

BEN COLLINS  |  THURSDAY, 23 AUG 2012
... protection mechanism that we support, said Fiona Reynolds, chief executive of the Australian Institute of Superannuation Trustees (ASIT) - a representative body for Australia's $450 billion not-for-profit superannuation sector. Reynolds also said that ...

SMSF's need life cover education

BEN COLLINS  |  THURSDAY, 23 AUG 2012
... insurance within an SMSF is a real value-add for advisers and accountants and the changes to the SIS Act, which require trustees of SMSFs to consider insurance for their members as part of the fund's investment strategy, reinforces the importance of ...

Think big on scale, ORFR: APRA

MELANIE TIMBRELL  |  TUESDAY, 21 AUG 2012
... 0.25% of funds under management as a starting point. Jones emphasised this was not a requirement, while also noting that trustees are not constrained in how they calculate the ORFR, but the basis for the calculation should not be a cause for panic. "If ...