Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 411 - 420 of 4511 results for "Trustee"

ASIC sees case against Rest thrown out

ANDREW MCKEAN  |  THURSDAY, 19 SEP 2024
ASIC's case against Rest, in which it alleged the super fund misled members about their ability to transfer superannuation out of the fund, has been thrown out by the Federal Court. The case focused on Rest's past practices around rollover requests ...

Government consults on laxing legacy super product rules

ANDREW MCKEAN  |  WEDNESDAY, 18 SEP 2024
The government is consulting on new regulations to relax restrictions on legacy superannuation products which would allow individuals to exit unsuitable products and remove barriers to closing legacy funds. The purpose of the draft Treasury Laws Amendment ...

FSU steps up calls for reproductive leave policies

JAMIE WILLIAMSON  |  MONDAY, 16 SEP 2024
The Finance Sector Union (FSU) is urging the financial services industry to adopt paid menopause leave policies as it finds more than one third of workers experiencing symptoms are likely to retire early as a result. In October 2023, the FSU launched ...

BUSSQ board members removed

ANDREW MCKEAN  |  FRIDAY, 13 SEP 2024
... thank them for their service..." Taylor said. Last month APRA announced plans to impose licence conditions on BUSSQ's trustee. These licence conditions related to the appointment of an independent third party to conduct a review of the trustees' fitness ...

Court appoints receivers to Keystone, Master Shield Fund

MATTHEW WAI  |  MONDAY, 9 SEP 2024
... and Palaghia are expected to: secure the property held by Keystone in its capacity as responsible entity of Shield and trustee of certain other funds; identify how Shield investor funds were used by Keystone; recover Shield investor funds; and provide ...

abrdn closes hedge fund

KARREN VERGARA  |  FRIDAY, 6 SEP 2024
... 31 and charged a 1.29% management fee. The fund required a minimum investment amount of $50,000. MSC Trustees was the trustee of the fund, along with nine other abrdn funds.

APRA alleges First Super co-chair breached director duties

JAMIE WILLIAMSON  |  FRIDAY, 6 SEP 2024
... him as well. It also wants the court to disqualify O'Connor from acting as a responsible officer of any corporate trustee or superannuation entity for a period. In a statement to Financial Standard, First Super said: "We have been informed that APRA ...

Former ASIC commissioner joins Insignia Trustees

KARREN VERGARA  |  WEDNESDAY, 4 SEP 2024
A former ASIC commissioner will join Insignia Financial as the chair of its trustees business on September 19. Danielle Press also assumes the position of non-executive director at Insignia Financial Trustees, replacing Lindsay Smartt. Press had a five-year ...

Super fund merger prompts investment changes

ANDREW MCKEAN  |  TUESDAY, 3 SEP 2024
... services are covered by the administration fees paid by members. General advice, currently provided by Quadrant First - a trustee-owned service - will continue under a new name; from November 1, it will be rebranded as 'CareSuper Advice.' Regarding ...

Betashares completes Bendigo Superannuation acquisition

KARREN VERGARA  |  MONDAY, 2 SEP 2024
... ASX-listed Bendigo Bank declined to confirm the total consideration for the super business. Bendigo Superannuation was the trustee and issuer of Bendigo SmartStart Super and Bendigo SmartStart Pension products, which were part of the Bendigo Superannuation ...