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Showing 391 - 400 of 4474 results for "Trustee"

CSC launches series of retirement options

ANDREW MCKEAN  |  FRIDAY, 23 AUG 2024
... for members to use in line with the requirements of the Retirement Income Covenant. This entailed the introduction of trustee default retirement options, that align with member profiles, seeking to assist them in making informed decisions about their ...

AET boosts Equity Trustees' FY24 performance

KARREN VERGARA  |  FRIDAY, 23 AUG 2024
... 2022 for $135 million. About 180 staff moved from AET to EQT as part of the transition. The integration of AET with the Trustee & Wealth Services (TWS) business was tipped to cost $22 million. This essentially replaced EQT's core client portfolio ...

Insignia Financial books $185m loss, halts dividends

JAMIE WILLIAMSON  |  THURSDAY, 22 AUG 2024
The costs associated with the wealth giant's transformation and increased remediation provisions have resulted in a $185.3 million net loss and the need to pause dividends as it undertakes a strategic review. Releasing its full-year results to the ASX ...

Equity Trustees names chief risk officer

MATTHEW WAI  |  TUESDAY, 20 AUG 2024
... with its business for various reasons. "With outstanding experience which is well aligned with our growing and unique trustee business, including a fulsome understanding of the regulatory environment and our key stakeholders, we're very pleased Nevein ...

Super's board requirements are sound: SMC

ELIZA BAVIN  |  TUESDAY, 20 AUG 2024
... standards of governance and performance and there is no evidence that a change in the model is required. "Representative trustee governance is not some quaint artefact of history - it's the predominant model used by high-performing workplace pension ...

Hostplus adds investment options, makes fee changes

ELIZA BAVIN  |  FRIDAY, 16 AUG 2024
... expanding our menu to suit a broader range of members' needs," it said. In addition, Hostplus said it will remove its trustee fee. Like many other funds, Hostplus introduced the trustee fee in 2022 following changes to super law. "The trustee fee ...

Fiducian posts strong result, share price jumps

ANDREW MCKEAN  |  THURSDAY, 15 AUG 2024
... from last year. In July, APRA imposed additional licence conditions on Fiducian Portfolio Services Limited (FPSL), the trustee of Fiducian Superannuation Service, which has nearly 9000 members and around $2.6 billion in assets under management, to address ...

'Our patience is running thin': ASIC

ELIZA BAVIN  |  THURSDAY, 15 AUG 2024
Australian Securities and Investments Commission (ASIC) commissioner Simone Constant did not hold back when addressing superannuation trustees at an industry event yesterday. Constant said the regulator expects much more from super funds in being transparent ...

Super performance test needs personal rate of return: Adviser

KARREN VERGARA  |  THURSDAY, 15 AUG 2024
... results of its superannuation performance test at the end of August. APRA has assessed MySuper products since 2021 while trustee-directed products (TDPs), a subset of the choice accumulation sector, were thrown in the fire last year. Ninety-six out of ...

APRA reprimands Cbus, BUSSQ over governance issues

ANDREW MCKEAN  |  WEDNESDAY, 14 AUG 2024
... in the wake of the CFMEU scandal. The prudential regulator's additional licence conditions stipulate that Cbus' trustee, United Super, and BUSSQ bring in an independent expert to investigate their compliance with Prudential Standard SPS 520 Fit ...