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Showing 371 - 380 of 3319 results for "Trustees"

Bloom Impact, MSC pulled up for greenwashing

RACHEL ALEMBAKIS  |  THURSDAY, 29 FEB 2024
... Corp and Raytheon Technologies Corp. ASIC has also levied fines against Future Super, Black Mountain Energy, Diversa Trustees Limited, Vanguard Investments Australia, Tlau Energy and Northern Trust Asset Management. ASIC currently has three greenwashing-related ...

MLC Life Insurance hires from Cbus

CHLOE WALKER  |  TUESDAY, 27 FEB 2024
... life insurance group to offer a positive experience for its advisers and customers, as well as superannuation funds, trustees, and their members. MLC Life Insurance chief executive Kent Griffin said he is pleased to have someone with Robinson's background ...

Super funds convene with assistant treasurer

ANDREW MCKEAN  |  MONDAY, 26 FEB 2024
... claimants, individuals with complex relationship histories, or instances where no clear binding death nominations exist - trustees are bound by strict legal requirements to perform thorough verifications prior to disbursing payments. "... we're acutely ...

ESSSuper welcomes strategy lead

ELIZABETH FRY  |  FRIDAY, 23 FEB 2024
... in the financial services industry, she has worked with Bank of New York Mellon, Advance Funds Management, Perpetual Trustees, and AXA. ESSSuper group executive of strategy brand and insights Duncan Winton said the expertise deVries brings to support ...

ASIC waves red flag at advisers, trustees over Choice products

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2024
An extensive review of processes across superannuation trustees, financial advisers and advice licensees has found very little evidence that consumers are aware of how poorly Choice products they're in are performing, and that such underperformance ...

ASIC vigilant on bad SMSF advice

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2024
... years, ASIC's review of SMSF advice uncovered inappropriate advice, adviser fraud and dishonesty to the detriment of trustees. Some cases have resulted in criminal charges. Sciacca named one example where a company director was sentenced to over ...

ATO cracks down on illegal early SMSF access

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2024
... about $635 million of superannuation savings left the system illegally via SMSFs. "Prohibited loans are another way that trustees inappropriately provide financial benefits to many parties in the 2020 and 2021 years. Our analysis found that SMSFs entered ...

Aussies do not underspend in retirement, say super funds

JAMIE WILLIAMSON  |  WEDNESDAY, 21 FEB 2024
... advice reforms to be expedited, allowing contributions to be made in retirement, and no mandated use of annuities by trustees. In formulating its submission on Superannuation in retirement, the Super Members Council (SMC) - which comprises AustralianSuper ...

Superannuation fund returns underperformed SMSFs: Research

ANDREW MCKEAN  |  WEDNESDAY, 14 FEB 2024
... precisely what happened in 2021-22 relative to the US." SMSFs' performance was also attributed to a significant number of trustees adopting defensive asset allocations and asset classes. SMSF Association chief executive Peter Burgess said the research ...

EQT winds up Mirae Asia equity fund

CHLOE WALKER  |  FRIDAY, 9 FEB 2024
Equity Trustees (EQT) is set to close the Mirae Asset Asia Great Consumer Equity Fund, with final termination expected on or around April 5. As the fund's responsible entity, EQT said the decision to close the Asia Great Consumer Equity Fund was ...