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| | | ... not appeal a Federal Court order upholding an AFCA decision but says it creates further obligations for superannuation trustees. In April, QSuper's board appealed unsuccessfully to the Federal Court about an AFCA decision asking the fund to refund ... |
| | | | ... members in the first week of the scheme. Under APRA's Early Release Initiative (ERI) data collection, superannuation trustees were asked to submit data on a weekly basis covering the number and value of early release benefits paid to members and the ... |
| | | | ... crisis, namely the early release of super. As part of this, ASIC issued a temporary no-action position for superannuation trustees to expand the scope of personal advice that can be provided under intra-fund advice. The other key measure sees the requirement ... |
| | | | ... financial institutions with respect to credit and retail lending, financial advice, fees for no service, superannuation trustees, insurance, unfair contract terms, and other licensee obligations. |
| | | | ... genuinely, promptly, fairly and consistently. Additionally, as recognised in ASIC and APRA's recent letter to superannuation trustees, ASIC said there will be a range of insurance related issues that arise due to the effects of COVID-19 on superannuation ... |
| | | | ... legislation, which is part of the government's Royal Commission reforms, requires platform operators and superannuation trustees to be satisfied that consent for ongoing service has been given to the adviser before deducting advice fees via a platform. ... |
| | | | ... Having been called off like many other events thanks to the COVID-19 pandemic, the Australian Institute of Superannuation Trustees' major super funds conference is alive again, with sessions running online. The AIST is hoping to have more than 24 hours' ... |
| | | | ... government expects such a situation should not arise in the first place. "The government expects that superannuation trustees have managed their legal obligations responsibly over the years to ensure that they have appropriate liquidity to deal with ... |
| | | | ... Submissions are due April 29. Wilson previously suggested the possibility of another round of hearings for superannuation trustees and APRA, saying the committee had been misled on liquidity issues, but a date has not been set. |
| | | | ... The transition was set for 2019. However, AMP has decided to temporarily delay the transfer. "AMP's superannuation trustees have the obligation and fiduciary responsibility to ensure the interests of all superannuation members are protected, including ... |
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