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Showing 321 - 330 of 3319 results for "Trustees"

Global outfit acquires Vasco Trustees

JAMIE WILLIAMSON  |  MONDAY, 8 JUL 2024
Vasco Trustees is to be bought by diversified financial services group TMF Group. Melbourne-based Vasco Trustees has been acquired by the group, which boasts more than 125 offices across 87 jurisdictions, offering employee, financial and legal administration ...

First advice reform bill passes parliament

KARREN VERGARA  |  FRIDAY, 5 JUL 2024
... "Division 1 of this Part repeals and replaces section 99FA of the SIS Act to provide greater clarity to superannuation trustees on their existing obligations about when and on what basis a trustee can charge a fee for financial product advice from a ...

APRA heightens expectations around trustees' spending

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
... Strategic Planning and Member Outcomes and its related guidance to "ensure members' interests are front-and-centre in trustees' strategic and business planning, financial resource management, implementation of the retirement income covenant and fund ...

Retirement Income Covenant still weak: APRA, ASIC

KARREN VERGARA  |  TUESDAY, 2 JUL 2024
... lack of member engagement as major barriers. This is according to joint oversight by ASIC and APRA, which surveyed 48 trustees who conceded that they have only made "incremental progress" to track their retirement income strategies. Three quarters of ...

AIA Australia releases new member insurance portal

ANDREW MCKEAN  |  MONDAY, 1 JUL 2024
... document uploads and integrated digital ID verification, which are intended to reduce the administrative burdens for trustees and expedite claims decisions. Additionally, it provides secure digital access for solicitors, carers, and other third-party ...

DASH secures $20m investment from Bailador

ANDREW MCKEAN  |  MONDAY, 1 JUL 2024
... new insurance solution, harnessing technology to simplify how insurance is offered and applied for by member of Equity Trustees' Super Simplifier product.

Super account advice fees a sticking point for advice bill: Senate inquiry

KARREN VERGARA  |  FRIDAY, 21 JUN 2024
... flexibility in producing the Financial Services Guides. Recommendation 7 in which Levy asked to provide more certainty to trustees about the deduction of adviser fees from members' accounts, however, dominated much of the inquiry's final report. ...

ASIC calls out licensees: 'We will take action'

ELIZA BAVIN  |  THURSDAY, 20 JUN 2024
... shows there was more work to do. "In this report, we examined the practices of advisers, licensees and superannuation trustees in situations where choice products had persistently underperformed against the benchmarks disclosed in their product disclosure ...

Trustee boards fail to challenge unlisted valuations: APRA

JAMIE WILLIAMSON  |  THURSDAY, 20 JUN 2024
APRA says there is room for improvement when it comes to trustees' oversight of unlisted asset valuations, finding most super fund boards don't question valuations. In a letter to all RSEs, APRA reminded them of the need to have a robust asset valuation ...

APRA updates industry on operational resilience guidance

ELIZA BAVIN  |  FRIDAY, 14 JUN 2024
... Australian Prudential Regulation Authority (APRA) has released its finalised prudential practice guide to help superannuation trustees, banks and insurers strengthen their management of operational risk and improve business continuity planning. The new ...