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Showing 301 - 310 of 4473 results for "Trustee"

BUSSQ loses legal bid to overturn additional licence conditions

ANDREW MCKEAN  |  MONDAY, 3 FEB 2025
... its bid to overturn additional licence conditions. Last August, APRA imposed additional licence conditions on BUSSQ's trustee over concerns about fitness and proprietary processes and fund expenditure management. At the same time, APRA cracked down on ...

Super fund promotional expenses balloon: APRA

KARREN VERGARA  |  FRIDAY, 31 JAN 2025
... said APRA deputy chair Margaret Cole. "Increased transparency and scrutiny of super fund expenditure are crucial since trustee decisions have direct implications for their members," she said. "The first-time release of fund-level insurance data will ...

Transfer balance cap to rise on July 1

JAMIE WILLIAMSON  |  THURSDAY, 30 JAN 2025
... of release is met, Chow said it's important to review their circumstances before their 65 th birthday or notify the trustee if another condition of release - such as permanent retirement or terminal illness - is met. "If the condition of release ...

ASIC calls out super trustees over 'weak' anti-scam practices

ELIZA BAVIN  |  THURSDAY, 30 JAN 2025
... activity. In the letter, Constant said disrupting investment scams is a priority for ASIC and the regulator has observed "weak trustee practices" relating to scams and fraud. "Over the coming decade, an increasing number of superannuation fund members ...

K2 appoints chief executive, wins mandate

KARREN VERGARA  |  WEDNESDAY, 29 JAN 2025
... Wight has been promoted to chief executive after serving as managing director and head of responsible entity (RE) and trustee services since 2005. Wight joined the ASX-listed firm in 2000. Prior to K2, she worked at PwC within its assurance and business ...

Atrium winds up global listed infrastructure fund

KARREN VERGARA  |  TUESDAY, 28 JAN 2025
... terminated and wound-up in accordance with the relevant provisions of the fund's constitution," Atrium said. "As the trustee for the fund, we are committed to acting in the best interests of all unitholders and ensuring that the fund continues to ...

Super failures, greenwashing: ASIC's key issues in 2025

ELIZA BAVIN  |  TUESDAY, 28 JAN 2025
... on the changing dynamic between public and private markets, and superannuation members being let down by their fund and trustee and identified issues which undermine market confidence and lead to poor investment decisions, amongst other things. On the ...

Super admin providers face reckoning in 2025: Finura

KARREN VERGARA  |  MONDAY, 20 JAN 2025
More companies will divest their superannuation administration offerings in 2025, according to Finura, as super funds potentially move this service in-house amid tighter scrutiny from the regulators. ASIC suing Cbus for poor member claims experience ...

Super moves: Future Fund, QIC, Vanguard Super

ELIZABETH FRY  |  THURSDAY, 16 JAN 2025
... Super has added a former Australian Retirement Trust strategy chief and Sunsuper chief executive Teifi Whatley to the trustee board. Teifi Whatley brings more than 30 years of financial services experience to the trustee board, spanning customer, product ...

Mason Stevens rolls out super admin fee changes

MATTHEW WAI  |  WEDNESDAY, 15 JAN 2025
... respect to the treatment of reduced input tax credits (RITC) that can be claimed by platform super funds has meant the trustee has had to reassess its ability to meet significant increases in operational costs...," Mason Stevens said. According to the ...