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Showing 271 - 280 of 3319 results for "Trustees"

HESTA to pay members impacted by COVID revaluations

ELIZA BAVIN  |  TUESDAY, 19 NOV 2024
... out-of-cycle revaluations of unlisted assets were not adequate for the deteriorating market conditions faced by superannuation trustees in March 2020. In addition, APRA said it was concerned that HESTA's valuation decision in March 2020 was unfair ...

Lack of action on menopause driving gender inequity

JAMIE WILLIAMSON  |  MONDAY, 18 NOV 2024
... their retirement savings; 36% are significantly behind. In 2023, modelling by the Australian Institute of Superannuation Trustees - now part of Super Members Council - estimated menopause is costing Australian women about $17 billion in lost earnings ...

ASIC escalates super fund enforcement in 2025

KARREN VERGARA  |  FRIDAY, 15 NOV 2024
... savings". "We see this as an emerging and concerning area of vigilance and we are calling on superannuants and super trustees to exercise extreme caution in these circumstances," she said. ASIC will also expand its remit in member services failures. ...

AFCA names and shames in fresh Datacube release

ELIZA BAVIN  |  THURSDAY, 14 NOV 2024
... topped the list by far with 1550. This was followed by Australian Retirement Trust with 568 and Cbus with 493. Super fund trustees were responsible for 6288 of the total complaints. The majority of which (2034 or 56.93%) were around account administration ...

Cbus board still considering CFMEU directors

JAMIE WILLIAMSON  |  THURSDAY, 14 NOV 2024
... we've had the ability to look at the full detail and information is not going to be helpful." As of 1 January 2022, trustees cannot pay for penalties out of the assets of a super fund. However, many funds, including Cbus, introduced trustee services ...

ASIC sues Cbus over insurance claim delays: 'We're sorry'

ELIZA BAVIN  |  TUESDAY, 12 NOV 2024
... additional anxiety and pain these delays caused compounded the issues these members and their families faced," she said. "Trustees cannot outsource accountability when it comes to claims handling. It is the trustee's responsibility to ensure there ...

Link between super and banking major priority in 2025: APRA

ELIZA BAVIN  |  MONDAY, 11 NOV 2024
... APRA's understanding of transmission channels between industries. "That will especially be the case for superannuation trustees, who typically have less stress testing experience and capability than the banking sector," McCarthy Hockey said. McCarthy ...

Prime Super names investments lead

ELIZABETH FRY  |  FRIDAY, 8 NOV 2024
... financial services as an equities dealer and analyst, working for several companies, including Goldman Sachs, JBWere, ANZ Trustees and Myer Family Investments. As a dealer/analyst he executed trades for numerous portfolios, managed portfolio liquidity ...

FAAA moves to combat adviser shortage with new partnership

ANDREW MCKEAN  |  TUESDAY, 5 NOV 2024
... transition to Australia through networking opportunities with financial services firms, planning practices, and superannuation trustees. Moreover, it will open the door for Indian professionals to attain professional year placements. Mishra said in the ...

Super complaints rise in FY24: AFCA

ELIZA BAVIN  |  THURSDAY, 31 OCT 2024
... complaints were resolves at the registration or referral stage. "Superannuation complaints are notably complex, with trustees given 30 days for initial resolutions, 45 days for other complaints and 90 days for death benefit distribution complaints," ...