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Showing 21 - 30 of 4017 results for "Trustee"

Super advice fee deductions compound red tape: JAWG

KARREN VERGARA  |  MONDAY, 8 APR 2024
The Joint Associations Working Group (JAWG) says new laws that enable superannuation funds to deduct financial advice fees will have the opposite effect of reducing red tape and can make advice even more unaffordable. Treasury Laws Amendment (Delivering ...

Super funds' IDR process weak, inadequate: AFCA

KARREN VERGARA  |  FRIDAY, 5 APR 2024
... trustees' IDR process." More importantly, members who come straight to AFCA do so "because the consumer has lost trust in the trustee and is unwilling to let the trustee try to resolve the issue and/or the trustee has not correctly identified the ...

AustralianSuper hires data strategy lead

ELIZABETH FRY  |  TUESDAY, 2 APR 2024
... Fraser joins the asset owner as a member resolution manager. Fraser joins from Insignia Financial where she worked as a trustee claims specialist and for MLC Australia before that. She earlier worked in insurance at KPMG and OneView and as a senior claims ...

Super fund expenditure to be exposed

ANDREW MCKEAN  |  THURSDAY, 28 MAR 2024
... industry, and for each fund, by more detailed categories, including administration, advice, member services, marketing, trustee board (including director remuneration), and other corporate overheads such as travel and entertainment. APRA will also publish ...

AFCA flags legal uncertainty on SMSF wholesale test

KARREN VERGARA  |  THURSDAY, 28 MAR 2024
... AFCA Member Forum to highlight a grey area that advisers can overlook after one AFCA complainant, who was the corporate trustee of an SMSF, engaged an advice firm to provide advice and broking services. The complainant argued that the SMSF receiving ...

QMV Legal folds, managing partner to launch new firm

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2024
Novigi will wind up QMV Legal as its managing partner Jonathan Steffanoni embarks on launching a new specialist superannuation law firm. QMV Legal will fold on April 26, shortly after Novigi acquired the QMV Solutions business on February 1. "Novigi ...

Tranche one of advice reforms hits parliament

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2024
The legislation housing the first tranche of financial advice reforms that promise to reduce red tape was introduced in parliament today. Some of the recommendations from the Quality of Advice Review (QAR) include amending ongoing fee arrangements (OFA) ...

AvSuper prepares members for merger, fee changes

KARREN VERGARA  |  FRIDAY, 22 MAR 2024
... older members, while its voluntary fixed TPD cover ceases at age 67 and not age 70. AvSuper also told members that its trustee "is satisfied that ART will qualify as a successor fund and has decided to transfer members from AvSuper to ART on that basis. ...

Deloitte eyes more mergers and product innovation

ANDREW MCKEAN  |  FRIDAY, 22 MAR 2024
Superannuation funds will be focused on ongoing merger activity and strengthening retirement strategies and product solutions in the next few years, according to Deloitte's Dynamics of the Australian Superannuation System report. The report forecasted ...

Financial services class actions surge

JAMIE WILLIAMSON  |  WEDNESDAY, 20 MAR 2024
... offering retail investors the ability to trade CFDs. In October 2023, a class action was filed against BT Funds Management as trustee of BT Super, while IG Markets was the target of two class actions filed in May 2023. Overall, the number of class actions ...