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Showing 391 - 400 of 4511 results for "Trustee"

Link between super and banking major priority in 2025: APRA

ELIZA BAVIN  |  MONDAY, 11 NOV 2024
APRA executive member Therese McCarthy Hockey has outlined the regulator's big priorities in 2025, with the interconnectedness between banking and superannuation systems first on the agenda. McCarthy Hockey told FINSIA 's The Regulators event that APRA's ...

Systemic issues impact 20k consumers: AFCA

MATTHEW WAI  |  MONDAY, 11 NOV 2024
... accounts that their insurance will be cancelled unless they 'opt in' to keep their cover under the PYS legislation. The trustee had supposedly engaged an external mail house to send the letters to its members, but the external provider was unable to ...

Prime Super names investments lead

ELIZABETH FRY  |  FRIDAY, 8 NOV 2024
Prime Super has recruited a former Media Super chief investment officer to lead the investment team. Michael McQueen joins the $7 billion industry fund as general manager of investments, replacing Jane Kang who left last year. In the new role, McQueen ...

Commonwealth Super reports strong investment performance

ANDREW MCKEAN  |  THURSDAY, 7 NOV 2024
... annuity option in partnership with Challenger to address the risk of some members outliving their savings, a series of trustee default retirement options aligned to customer retirement profiles, and new online tools to guide members in their retirement ...

FAAA moves to combat adviser shortage with new partnership

ANDREW MCKEAN  |  TUESDAY, 5 NOV 2024
The Financial Advice Association Australia (FAAA) has entered a memorandum of understanding (MoU) with the Financial Planning Standards Board (FPSB) India as it attempts to bridge the adviser gap. One of the main goals of the MoU, which was signed between ...

Super complaints rise in FY24: AFCA

ELIZA BAVIN  |  THURSDAY, 31 OCT 2024
AFCA's Annual Review revealed the ombudsman service received a record 104,861 complaints from consumers and small businesses in 2023-24, up 8% on the year before. Of those, AFCA received 7325 superannuation complaints, a 5% increase from the previous ...

Cole puts funds on notice as expenditure data is revealed

ELIZA BAVIN  |  WEDNESDAY, 30 OCT 2024
APRA has published the in-depth data on super funds' expenditure from marketing costs and payments to industrial bodies to spending on member services, as the regulator puts a spotlight on how member money is being spent. AustralianSuper had the ...

EQT wins RE mandates for FIIG Securities, Nanuk AM

MATTHEW WAI  |  WEDNESDAY, 30 OCT 2024
... and the Nanuk New World Fund (Currency Hedged) Active ETF. EQT executive general manager, corporate and superannuation trustee services Andrew Godfrey said he is delighted to extend the group's existing partnerships with FIIG Securities and Nanuk ...

APRA questioned on super performance test

ELIZA BAVIN  |  FRIDAY, 25 OCT 2024
... In his opening remarks, APRA chair John Lonsdale said the regulator is continuing to drive continuous improvement and trustee accountability in delivering quality member outcomes. "The annual superannuation performance test, which assesses the long-term ...

Operational risk reserve targets trimmed for larger funds

JAMIE WILLIAMSON  |  THURSDAY, 24 OCT 2024
Following consultation, APRA has lowered the minimum operational risk financial requirement (ORFR) target amounts for larger superannuation funds. At present, all superannuation funds are expected to keep a minimum of 0.25% of funds under management ...