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Showing 271 - 280 of 4510 results for "Trustee"

New SMSF industry body launches

KARREN VERGARA  |  THURSDAY, 19 JUN 2025
The SMSF Innovation Council has launched to provide the SMSF sector with education, advocacy and a best-practice framework to help navigate the digital assets landscape. Chaired by Kate Cooper, the initiative is focused on collaborating and sharing ...

ASIC reads the riot act to the super industry: Longo

ANDREW MCKEAN  |  FRIDAY, 13 JUN 2025
... regards to super fund's governance and customer service. "ASIC's work has laid bare governance challenges, and exposed super trustee board blind spots around their data, systems, and processes. For example, our death benefits review found that even the ...

Super funds to take stock of information security controls

JAMIE WILLIAMSON  |  TUESDAY, 10 JUN 2025
The super funds that saw member accounts breached by cybercriminals in April have been instructed to undertake a "special purpose engagement," as APRA asks all trustees to review their compliance with Prudential Standard CPS 234 Information Security. ...

ASIC grants no-action on deficient advice fees consent

JAMIE WILLIAMSON  |  FRIDAY, 6 JUN 2025
... under an OFA from 10 January 2025 until 5 September 2025 but there was no account number included in the consent. A super trustee then deducted the fees from the relevant member's account as dictated in the consent form. To rely on the no-action position ...

SS&C lands mandate from local boutique fund services provider

ANDREW MCKEAN  |  WEDNESDAY, 4 JUN 2025
... its fund services operations. Fundhost, which has $2 billion in assets under management, provides responsible entity, trustee, fund administration, registry, operations and support services to boutique Australian and international fund managers. As part ...

Super needs customised, personalised approach: FSC

KARREN VERGARA  |  WEDNESDAY, 4 JUN 2025
The Financial Services Council (FSC) says superannuation funds have the power to provide a sophisticated and personalised approach to meet members' retirement needs and must prioritise this amid the government applying pressure via the Retirement ...

Iress completes sale of super business

MATTHEW WAI  |  MONDAY, 2 JUN 2025
Iress has today completed the sale of its superannuation business to Apex Group. Apex Group purchased the super business for $40 million cash and additional payments of up to $20 million over 12 months subject to agreed revenue milestones. The terms ...

Large penalties against super funds are appropriate: ASIC

ELIZA BAVIN  |  THURSDAY, 29 MAY 2025
ASIC commissioner Simone Constant told Financial Standard that many super fund trustees have taken accountability for not meeting their requirements to members, know they need to improve and accept the penalties that are brought against them. However ...

New SMSF trustees drive financial advice uptake

ANDREW MCKEAN  |  WEDNESDAY, 28 MAY 2025
Trustees of newly established self-managed super funds (SMSFs) are behind a surge in the uptake of financial advice, according to a Vanguard/Investment Trends SMSF report. The report, while showing that adviser influence is growing in new SMSF set-ups ...

ASIC tells super: 'You have everything you need to not fail'

ELIZA BAVIN  |  WEDNESDAY, 28 MAY 2025
ASIC commissioner Simone Constant has told Financial Standard the regulator has super funds in its sights for more than just claims handling delays. "The main focus is on member services more generally, this is a multi-year phased project" Constant ...