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

Search Results

Showing 431 - 440 of 4474 results for "Trustee"

APRA: RSE licensees show 'common areas of weakness'

ELIZA BAVIN  |  FRIDAY, 28 JUN 2024
... savings that they oversee. "Ensuring the safety of this money is imperative to members and the Australian financial system. Trustee boards of these RSE licensees need to be well-prepared for events that may impact the financial viability of their RSE ...

New NALE rules, AFCA's super powers passed

KARREN VERGARA  |  THURSDAY, 27 JUN 2024
... Solutions head of education and connect Lyn Formica said in the lead up to the proposed changes. "For example, an SMSF trustee undertaking a renovation on the fund's property and not charging the fund for their labour. Or administrative services ...

Super account advice fees a sticking point for advice bill: Senate inquiry

KARREN VERGARA  |  FRIDAY, 21 JUN 2024
... indirectly pass the cost of providing financial product advice on to the member unless it agreed to by the member; the trustee passes on the cost with a member's written consent; and an ongoing fee arrangement exists. Walsh wrote that while the committee ...

ASIC calls out licensees: 'We will take action'

ELIZA BAVIN  |  THURSDAY, 20 JUN 2024
Australian Securities and Investments Commission (ASIC) commissioner Alan Kirkland issued a blunt warning to licensees not meeting their obligations. Speaking at an industry event, Kirkland said the regulator has spent two years warning licensees to ...

Trustee boards fail to challenge unlisted valuations: APRA

JAMIE WILLIAMSON  |  THURSDAY, 20 JUN 2024
APRA says there is room for improvement when it comes to trustees' oversight of unlisted asset valuations, finding most super fund boards don't question valuations. In a letter to all RSEs, APRA reminded them of the need to have a robust asset valuation ...

APRA updates industry on operational resilience guidance

ELIZA BAVIN  |  FRIDAY, 14 JUN 2024
The Australian Prudential Regulation Authority (APRA) has released its finalised prudential practice guide to help superannuation trustees, banks and insurers strengthen their management of operational risk and improve business continuity planning. ...

Super Members Council renews calls for anti-hawking extension

JAMIE WILLIAMSON  |  THURSDAY, 13 JUN 2024
... cold calling in relation to pensions, except where the caller is authorised by the Financial Conduct Authority, or is the trustee or manager of an occupational or personal pension scheme, or where the recipient has consented to the calls.

Performance test covers managed accounts, SMAs: APRA

KARREN VERGARA  |  WEDNESDAY, 12 JUN 2024
... Future, Your Super. "Per SIS Regulation 9AB.2(2)(c) of the SIS Regulations, if a beneficiary of the fund cannot require the trustee of the fund to alter an amount attributable to the beneficiary to be invested in a particular covered asset class in an ...

AustralianSuper bears brunt of complaints: AFCA

KARREN VERGARA  |  TUESDAY, 11 JUN 2024
... Prospero Markets (now in liquidation), and eToro. This is followed by managed investments (24.3%), and superannuation non-trustee related issues (12.2%), and timeshare and strata title schemes (3.5%). This story was updated at 4.10 pm.

Super leaders take out King's Birthday honours

ELIZABETH FRY  |  TUESDAY, 11 JUN 2024
... president Nicolette Rubinsztein, and one-time deputy chair of AustralianSuper Greg Combet. Also recognised was Ray Sputore, a trustee at Cbus, the industry fund that serves the building and construction industry. Mostyn, a former president of Chief Executive ...