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| | | ... clients concerning the true nature of their investments. In some instances, he took money from their self-managed super funds (SMSFs) without their knowledge or consent. He advised his clients their money was in the Australian Diversified Sector Investment ... |
| | | | ... billion. IFM was created in the 1980s following a trade union campaign pushing for compulsory superannuation and industry super funds wanting to establish an institutional investment manager. Garry Weaven was inaugural chair of IFM until his retirement ... |
| | | | ... are also CFMEU officers. The industry fund, while supportive of the prudential regulator's role in overseeing super funds, contended that concerns raised in the recent licence conditions imposed on the fund have already been the subject of "extensive ... |
| | | | ... expect Cbus to adopt the findings of this review," he said. "However, an outstanding weakness in the regulation of super funds is that boards get to 'mark their own homework', only needing to self-assess whether a director is a 'fit and proper' ... |
| | | | ... introduction in 2011 due to taking time out of the workforce to have children. Superannuation industry groups and super funds are eager to see the bill passed quickly. "This legislation is more than just a victory for fairness - it's an acknowledgment ... |
| | | | ... said the fit and proper test is "more robust" than the assessments made of directors at ASX-listed companies. "If super funds had the governance model of listed companies, there's no evidence it would mean stronger governance or performance," she said. ... |
| | | | ... relevant part of clients' portfolio construction going forward," Cadzow said. Three out of five of Australia's largest super funds allocate around 30% of their assets to private capital, according to Preqin. However, globally and in Australia, private ... |
| | | | ... addressing superannuation trustees at an industry event yesterday. Constant said the regulator expects much more from super funds in being transparent and delivering better outcomes to members. "You are a driving force in the increasing privatisation ... |
| | | | ... calculates the performance of the superannuation fund rather than the performance of an individual member's account. Super funds, instead, should undertake an assessment that measures individual account performance to see if member outcomes are indeed ... |
| | | | ... Entertainment from running gambling ads. Ethinvest, a financial planning group, and Future Group, the parent company of super funds including Guild Super and Verve, are supporting the campaign, which is spearheaded by fintech trading platform, SIX. SIX ... |
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