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Showing 11 - 20 of 25 results for "Independent trustees"

APRA trustee reforms, definition of independence yet to be finalised

ALEX DUNNIN  |  TUESDAY, 1 SEP 2015
APRA has released a discussion paper detailing the government's proposals for more independent trustees on super fund boards while conceding the definition of independence is yet to be finalised. The proposed changes to trustee operations have divided ...

Super board changes could cost funds $20m a year

LAURA MILLAN  |  FRIDAY, 24 JUL 2015
Appointing independent trustees to the boards of superannuation funds could cost about $20 million only on the first year, the Australian Institute of Superannuation Trustees (AIST) warned. "How can these costs be justified when there is no evidence ...

Industry super warns against uniform laws

AAP  |  FRIDAY, 26 JUN 2015
... Cooper review of the system but doesn't go as far as the David Murray review, which sought a majority of independent trustees.

Vertical integration not important anymore: Murray

LAURA MILLAN  |  TUESDAY, 9 DEC 2014
... welcomed the recommendation. FSC chief executive John Brogden said that super funds having a majority of independent trustees would break "inappropriate relationships between some trade unions and some industry funds."

MTAA hails 'a third, a third, a third' board structure a success

JAMES FERNYHOUGH  |  FRIDAY, 5 DEC 2014
... say about superannuation fund governance - namely, that the boards of super funds should have a quota of independent trustees. While many equal representation industry funds are up in arms about this, one industry fund - MTAA Super - has already gone ...

Independent trustees fix wrong problem

ALEX DUNNIN  |  TUESDAY, 12 AUG 2014
... Rafferty from the University of Sydney and Christopher Angus from the McKell Institute - note that while independent trustees in theory should add a layer of superior governance performance to super funds, the surprise is that it's retail rather than ...

Vision Super appoints first independent director

JAMES FERNYHOUGH  |  FRIDAY, 1 AUG 2014
... Catholic Church Insurance Limited. On the wider question of whether the government will mandate the third independent trustees rule, Rowe was circumspect: "I haven't got a view on the rights or wrongs of it. We'll just wait for public policy to come ...

Mercer appoints two independent directors

JAMES FERNYHOUGH  |  WEDNESDAY, 30 JUL 2014
... published its Superannuation Governance Survey 2014. The report came out broadly in favour of the inclusion of independent trustees on superannuation boards. It also found that well over half of super funds surveyed had no independent trustees.

Most super boards have no independent trustees

JAMES FERNYHOUGH  |  WEDNESDAY, 23 JUL 2014
... of idea of independent directors. Addressing the concern expressed by many industry funds that mandating independent trustees could undermine the equal representation model, it said: "Managing the balance between engaging independent directors and retaining ...

No clear case for independent trustee quota: Towers Watson

JAMES FERNYHOUGH  |  WEDNESDAY, 28 MAY 2014
The case for the compulsory appointment of independent trustees to the boards of superannuation funds has not yet been made, according a new paper by Towers Watson. The paper comes as the government considers mandating that independent directors comprise ...