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| | | 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | 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 ... |
| | | | 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... benchmark potentially different to the PDS disclosure and a product's Target Market Determination without assessing the trustee. FSC chief executive Blake Briggs said the current one-size-fits-all approach to superannuation regulation prioritises ... |
| | | | ... its website about seven Sustainable Plus investment options offered in the Mercer Super Trust, of which Mercer is the trustee. The options promised to exclude companies involved in carbon intensive fossil fuels like thermal coal, alcohol production and ... |
| | | | The AMP Super Fund trustee, N.M. Super, has had its additional licence conditions lifted, marking the end of all outstanding matters raised by the Financial Services Royal Commission. N.M. Super, which controls the AMP Super Fund and Wealth Personal ... |
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