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Showing 2741 - 2750 of 3323 results for "Trustees"

MySuper gets Government tick

RUTH LIEW  |  MONDAY, 2 AUG 2010
... new duties that require fund providers to deliver "value for money" or be stripped of their licence by the regulator. Trustees will have to apply for a licence from the Australian Prudential Regulation Authority to operate the MySuper fund. "The MySuper ...

Industry backs MySuper reforms

MICHAEL HOBBS  |  MONDAY, 2 AUG 2010
... The move means the super funds can use TFNs to identify and get money into super accounts quicker and also allows fund trustees to easily consolidate multiple accounts within a fund, she said. ASFA also welcomed the new implementation date, which will ...

First SG raise costs no more than a cuppa

MEDIA RELEASE  |  FRIDAY, 30 JUL 2010
... with the first rise to cost no more than a cup of coffee a week, according to the Australian Institute of Superannuation Trustees (AIST). Businesses and employment prospects were not unduly affected by past SG increases, which were far greater, and less ...

Coalition details stance on commissions

MICHAEL HOBBS  |  THURSDAY, 29 JUL 2010
... wealth management over the next two decades. Fiona Reynolds, chief executive of the Australian Institute of Superannuation Trustees (AIST), which represents not for profit super funds, fears many of the reforms flagged by the Labor government will not ...

FEAL Conference cuts through the noise

MICHAEL HOBBS  |  WEDNESDAY, 28 JUL 2010
... attend this year's Fund Executives Association Limited (FEAL) Conference, which kicks off next Wednesday and will confront trustees with the question: whose interests are you really serving? The conference will be held on 4 August at the Westin in Sydney. ...

Planners cycle for charity

MEDIA RELEASE  |  FRIDAY, 23 JUL 2010
Two of the founding trustees of financial planning foundation, Future2, will cycle 1,250km from Bourke to Sydney to raise money for disadvantaged young Australians. The inaugural BT Future2 Wheel Classic is an initiative of Ray Griffin and Peter Bobbin ...

Infrastructure mandates tough for super funds

RUTH LIEW  |  THURSDAY, 22 JUL 2010
... should invest in Australian infrastructure, the final Cooper Review report stated governments should not seek to direct trustees to invest in particular assets or asset classes, unless there were prudential or regulatory reasons for the decision, regardless ...

US pension funds get $800m from class action

MEDIA RELEASE  |  MONDAY, 19 JUL 2010
... Ohio Police and Fire Pension Fund, represented by the attorney general, led the class action suit. "The OPERS Board of Trustees has been an active participant in securities litigation cases on behalf of our members and retirees," said Ken Thomas, OPERS ...

Nationwide signs Mercer for asset consulting

MICHAEL HOBBS  |  WEDNESDAY, 14 JUL 2010
... contract with the fund expired in June this year. Ian Morante, fund secretary at Nationwide Superannuation, said the trustees were impressed with Mercer's research and service. "Mercer presented a good path for the future in moving from our current traditional ...

Trustee outsourcing deals in regulator spotlight

ALEX DUNNIN  |  TUESDAY, 13 JUL 2010
... function of minimising member expense. In some cases, third parties can provide services at a cost less than that were the trustees to perform the function themselves.... but for some retail funds might be viewed as part of the business model," noted ...