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Showing 481 - 490 of 3320 results for "Trustees"

Apostle links with venture capital firm

KARREN VERGARA  |  MONDAY, 3 JUL 2023
... Massachusetts Institute of Technology, Harvard University and the University of Rochester. Many of Safar's board members, trustees, and partners come from these institutions. Safar's Fund I was launched in May 2019 with US$287 million ($431.1m) ...

Trustees must do better on account consolidation: ASIC

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
Super funds are not doing enough to address duplicate member accounts, with an ASIC review forcing some trustees to remediate members. Under the Superannuation Industry (Supervision) Act 1993, super trustees must have processes in place to tackle multiple ...

abrdn sells local trustee business

CHLOE WALKER  |  TUESDAY, 27 JUN 2023
MSC Trustees has acquired abrdn's Australian trustee entity, becoming the corporate trustee of 10 funds. The fund book, comprising $1.5 billion in funds under management, includes the abrdn Sustainable Asian Opportunities Fund, abrdn Sustainable ...

ASIC nudges trustees on member fund compliance

ANDREW MCKEAN  |  TUESDAY, 27 JUN 2023
ASIC is appealing for superannuation trustees to adhere to their legal responsibilities concerning member funds following a review of 12 trustees. A recent review by ASIC revealed that most aren't meeting their legal responsibilities for managing incoming ...

Anti-hawking laws could dampen super fund advice: Academic

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
... be "overkill to apply it [anti-hawking legislation] to a superannuation fund of which one is a member and insulting to trustees". "They have a duty to act in their members best interest to begin with, but the anti-hawking legislation effectively assumes ...

ISA welcomes back former chair

CASSANDRA BALDINI  |  MONDAY, 26 JUN 2023
... almost two decades, joining the Hostplus board in 2006. Collins is a fellow of the Australian Institute of Superannuation Trustees (FAIST) and founding chair of the Sydney Financial Forum. He has also had a 22-year-long career with the NSW Parliament ...

Small super funds admonish APRA

ANDREW MCKEAN  |  FRIDAY, 23 JUN 2023
... factors like efficiency, competition, contestability, as well as promoting financial stability, only 35% of superannuation trustees responded positively. In contrast, authorised deposit-taking institutions (ADIs) and life insurers were more favourable ...

Equity Trustees reviews UK, Ireland businesses

ANDREW MCKEAN  |  FRIDAY, 23 JUN 2023
EQT Holdings, the parent company of Equity Trustees, is reviewing its investment and scrutinising the future of its operations in the UK and Ireland. Equity Trustees' managing director Mick O'Brien commented: "While the businesses are now well established ...

SMSFs brace for more reforms: Expert

KARREN VERGARA  |  TUESDAY, 20 JUN 2023
... expert. HLB Mann Judd superannuation partner Mitchell Markwick pointed to recent changes proposed by the government that trustees must be mindful of. The introduction of a new cap which could see earnings on super balances above $3 million taxed at an ...

Labor advances super performance test changes

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... As the government unveils a raft of updates to the superannuation performance test, due to take effect in August, some trustees are worried that it subjects Choice products to a rigid criterion. As previously flagged, all products will be subject to ...