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Showing 311 - 320 of 4510 results for "Trustee"

Tranche 2 of DBFO dumps SOAs, enables 'nudges'

JAMIE WILLIAMSON  |  FRIDAY, 21 MAR 2025
... considering the appropriateness of the advice for the group and taking steps to identify and manage any risks." Provided the trustee follows the guidelines, the advice will not be considered personal in nature. This round of draft legislation is open ...

Super fund consolidation to accelerate: Mercer

ANDREW MCKEAN  |  THURSDAY, 20 MAR 2025
... enforcement actions. "This includes a focus on retirement income delivery, insurance claims handling, investment governance and trustee governance. Funds must ensure that they are meeting regulatory expectations in these areas or face even greater scrutiny ...

India Avenue launches active ETF

KARREN VERGARA  |  WEDNESDAY, 19 MAR 2025
India Avenue Investment Management has launched its first active ETF on Cboe Australia. The India Avenue Equity Fund Active ETF (IAEF) was admitted on the exchange yesterday. The fund invests in predominantly publicly listed companies in India or generate ...

BUSSQ abandons appeal, concedes to licence conditions

ANDREW MCKEAN  |  THURSDAY, 13 MAR 2025
BUSSQ has pulled the plug on its Federal Court appeal for a judicial review of APRA's additional licence conditions, caving to the regulator's edict. At the same time, APRA has tweaked the conditions it slapped on BUSSQ last August, which force ...

ASIC, ASFA spar over super fund trustees 'not knowing' their business

ANDREW MCKEAN  |  THURSDAY, 13 MAR 2025
ASIC chair Joe Longo has torched the superannuation sector, branding it the "poster child" for what can and does go wrong when governance implodes, while accusing directors of "not knowing" their business. In a speech at the Australian Institute of ...

Beware creep of cancel culture into super fund governance: Lawyer

ANDREW MCKEAN  |  FRIDAY, 7 MAR 2025
The prudential regulator is calling for the consideration of perceived conflicts of interest and reputational risks when appointing directors, and while it's easy to think of cases where this would be appropriate, Gilbert + Tobin partner Luke Barrett ...

Perpetual appoints demerger specialist

ELIZABETH FRY  |  THURSDAY, 6 MAR 2025
... providers. He moved to AMP Capital from MLC Asset Management, where in a similar role, he managed the exit and transfer of trustee duties for multiple investments and carried out the operational risk review of the business. He also worked at NAB Asset ...

Super, insurance, and bank boards' 'poor practices' targeted by APRA

ANDREW MCKEAN  |  THURSDAY, 6 MAR 2025
The boards of superannuation trustees, insurers, and banks are on notice, with APRA proposing changes to "strengthen and streamline" governance requirements. The regulator has released eight proposals in what marks the first "significant update" of ...

Stockspot officially launches low-cost super offering

ELIZA BAVIN  |  WEDNESDAY, 5 MAR 2025
... that prioritises their savings over corporate sponsorships and hidden fees." Equity Trustees has been appointed as the trustee, MetLife has been named the insurer, DASH Promoter Services is serving as promoter and investment administrator, and DDH Graham ...

Freezing order slapped on First Guardian Master Fund, Falcon Capital

KARREN VERGARA  |  MONDAY, 3 MAR 2025
ASIC has taken action to freeze the assets of the First Guardian Master Fund and its responsible entity Falcon Capital nearly one year after investors were locked out from accessing their funds. The First Guardian Master Fund is run by First Guardian ...