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Showing 31 - 40 of 4110 results for "Trustee"

Super's board requirements are sound: SMC

ELIZA BAVIN  |  TUESDAY, 20 AUG 2024
... standards of governance and performance and there is no evidence that a change in the model is required. "Representative trustee governance is not some quaint artefact of history - it's the predominant model used by high-performing workplace pension ...

Hostplus adds investment options, makes fee changes

ELIZA BAVIN  |  FRIDAY, 16 AUG 2024
... expanding our menu to suit a broader range of members' needs," it said. In addition, Hostplus said it will remove its trustee fee. Like many other funds, Hostplus introduced the trustee fee in 2022 following changes to super law. "The trustee fee ...

Fiducian posts strong result, share price jumps

ANDREW MCKEAN  |  THURSDAY, 15 AUG 2024
... from last year. In July, APRA imposed additional licence conditions on Fiducian Portfolio Services Limited (FPSL), the trustee of Fiducian Superannuation Service, which has nearly 9000 members and around $2.6 billion in assets under management, to address ...

'Our patience is running thin': ASIC

ELIZA BAVIN  |  THURSDAY, 15 AUG 2024
Australian Securities and Investments Commission (ASIC) commissioner Simone Constant did not hold back when addressing superannuation trustees at an industry event yesterday. Constant said the regulator expects much more from super funds in being transparent ...

Super performance test needs personal rate of return: Adviser

KARREN VERGARA  |  THURSDAY, 15 AUG 2024
... results of its superannuation performance test at the end of August. APRA has assessed MySuper products since 2021 while trustee-directed products (TDPs), a subset of the choice accumulation sector, were thrown in the fire last year. Ninety-six out of ...

APRA reprimands Cbus, BUSSQ over governance issues

ANDREW MCKEAN  |  WEDNESDAY, 14 AUG 2024
... in the wake of the CFMEU scandal. The prudential regulator's additional licence conditions stipulate that Cbus' trustee, United Super, and BUSSQ bring in an independent expert to investigate their compliance with Prudential Standard SPS 520 Fit ...

AFCA urges super trustees to improve processes

ELIZA BAVIN  |  TUESDAY, 13 AUG 2024
The Australian Financial Complaints Authority (AFCA) said the average loss on a superannuation scam complaint was just under $90,000. AFCA said of the nearly 11,000 complaints in relation to scams last financial year, less than 20 came from superannuation ...

EQT wins RE mandate from Woodbridge

KARREN VERGARA  |  MONDAY, 12 AUG 2024
Equity Trustees (EQT) has taken over as Responsible Entity (RE) for the Woodbridge Private Credit Fund. EQT Responsible Entity Services replaced AGP Investment Management from August 1. The Woodbridge Private Credit Fund aims to provide a return of ...

CFMEU fallout stokes governance debate

ANDREW MCKEAN  |  MONDAY, 12 AUG 2024
... research. Similarly, former Rainmaker Information research director Alex Dunnin sings the praises of the equal representation trustee model, though stresses that this doesn't mean it shouldn't ever change. "Bringing in directors who are independent ...

Vision Super closes property, infrastructure options

JAMIE WILLIAMSON  |  TUESDAY, 6 AUG 2024
... option, which returned 8.42% last financial year, unless they select otherwise. "From a medium to long-term perspective, the trustee considers the Balanced Growth investment option to be an appropriate replacement investment strategy for either the Property ...