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Showing 21 - 30 of 48 results for "Equal representation"

No evidence that independence would boost performance: CIFR

MARK SMITH  |  WEDNESDAY, 16 MAR 2016
... sector. However, the application of independence in the superannuation industry had been constrained by 'equal representation' rules. These rules require superannuation fund boards to have an equal number of member and employer representatives. Donald ...

Industry fund flags DB issues in Fraser review

DARREN SNYDER  |  WEDNESDAY, 10 FEB 2016
... that would replace employer representatives with independents. It said in the lead up to the GFC the trustee equal representation rules meant that the employer-sponsor investment risk would have been considered key investment decisions. It added that ...

Choice of super fund won't always work: REST

DARREN SNYDER  |  FRIDAY, 8 JAN 2016
... advisory networks, supports more super fund choice. It said institutional links between super funds with equal representation boards and trade unions gives rise to conflicts of interest that may have a negative impact on consumers. "The absence of competition ...

Former NSW politician joins Media Super

DARREN SNYDER  |  FRIDAY, 11 DEC 2015
... director to the board will be an easy transition." Noonan added Media Super remains resolutely committed to the equal representation model that provides direct representation for employees and employers in the printing, media, entertainment and arts ...

Super fund governance bill enters final debate

DARREN SNYDER  |  MONDAY, 30 NOV 2015
... it was a "big concern" to him. He said Treasury told the Senate Economics Legislation Committee that the equal representation model had lost its utility and was now detrimental to governance. Muir said a submission from CHOICE chief executive Alan Kirkland ...

O'Dwyer outlines government superannuation push

LAURA MILLAN  |  MONDAY, 16 NOV 2015
... "Despite misleading claims by some vocal agitators against the legislation in the Senate, it will not preclude equal representation of the remaining two-thirds of the trustee board, nor will it change successful investment strategies. What it will do ...

APRA trustee reforms, definition of independence yet to be finalised

ALEX DUNNIN  |  TUESDAY, 1 SEP 2015
... trustee operations have divided the superannuation industry because the government is in effect abandoning the equal representation trustee model that has operated in Australia for decades. "The Bill proposes to amend the SIS Act to improve governance ...

New draft super governance standards released

MARK SMITH  |  WEDNESDAY, 19 AUG 2015
... have a full three-years to transition to the new standards. It has also clarified that neither the current equal representation rules nor the new independence requirements will apply where an APRA compliant transition plan is in place. These measures ...

Murray slams "silly suggestions"

MARK SMITH  |  TUESDAY, 11 AUG 2015
... Governance Institute's national director of policy and publishing, Judith Fox, weighed in next. She said the equal representation model no longer makes sense under a defined contribution system because the employer does not have to meet liabilities. ...

ISA voices strong opposition to "radical" super reform

LAURA MILLAN  |  MONDAY, 27 JUL 2015
Industry Super Australia (ISA) has warned that the government's proposal to remove equal representation in super fund boards "is radical" and constitutes the most significant change to the system since its inception. "There is a real risk that importing ...