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Showing 3311 - 3320 of 3323 results for "Trustees"

APRA disqualifies two superannuation trustees

... trustee, investment manager or custodian of any regulated superannuation entity. APRA disqualified the two superannuation trustees on the grounds that they had failed the 'fitness and propriety' test required by the Superannuation Industry (Supervision) ...

Government acts on super system "designed to fail"

... political reality, the very least we can do is ensure the members have a clear understanding of the responsibility of the trustees, how they are appointed, and have a say on it," the Parliamentary Secretary to the Treasurer, Ian Campbell said. "We have ...

Former CNAL director added to APRA's banned list

Former Commercial Nominees Ltd (CNAL) of Australia director Peter Cain has been disqualified from acting as a responsible officer of a superannuation trustee, investment manager or custodian, the Australian Prudential and Regulation Authority (APRA) ...

APRA hits back at hedge fund policy criticism

... funds specialist Select Asset Management, said that APRA had been unnecessarily alarmist in its warning to superannuation trustees, released in early March. "A well run conservative fund of hedge funds that can deliver consistent absolute returns and ...

EDS Superannuation Fund replaces Watson Wyatt with Towers Perrin

... Frank Russell's global manager research to provide an exceptional platform for the delivery of the type of advice that trustees require in today's tougher environment," Laband added. Laband said that the capabilities that large funds should seek from ...

APRA urges increase in DB funding as solvency levels fall

The Australian Prudential and Regulation Authority (APRA) is urging superannuation trustees and employers in Defined Benefit (DB) funds to increase their level of funding after finding that falling equity markets had decreased solvency rates. Although ...

Super fund director gets four year ban

... believes caused the fund to suffer losses of more than $1 million. This is an important reminder that directors of corporate trustees of superannuation funds have duties of care under the Corporations Act and are subject to ASIC regulation in that respect." ...

APRA warns super trustees on due diligence, members interests

... "APRA does not regard these poor returns, at either industry level or the individual fund level, as an indication that trustees are not doing their job well," Littrell said at the annual conference of Major Superannuation Funds in Hobart. "APRA accepts ...

IFSA lines up against Labor on voting and disclosure

... today threw its considerable weight against Labor Party proposals that would obligate fund managers and superannuation trustees to vote on all company resolutions and disclose how and why they voted. "IFSA was not consulted during the development of ...

Footscray super accounting assistant pleads guilty to fraud

... accounting assistant, Hoang Mo Ngo, pleaded guilty in the County Court of Victoria to 22 charges of fraudulently inducing the trustees of various superannuation funds to pay out cash benefits to his clients. The charges were filed against Ngo by the ...