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Showing 501 - 510 of 3320 results for "Trustees"

Industry funds' illiquid assets scrutinised

ANDREW MCKEAN  |  THURSDAY, 11 MAY 2023
... 80% of its value encompasses liquid assets. "In the absence of explicit guidance, the best we can hope for is that fund trustees are focused on their Liquidity Management Plans and how they stand up to different market conditions," she said. "Notably ...

NALI measure receives mixed response

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAY 2023
... use of a factor-based approach "is neither a practical nor desirable solution for the sector." "It will require SMSF trustees to determine if a general expense has been undercharged and by how much," Burgess explained. "This may sound like a simple task ...

UK to ban cold calling on all financial products

JAMIE WILLIAMSON  |  FRIDAY, 5 MAY 2023
... Meanwhile, in 2021 anti-hawking legislation was introduced. Earlier this year, the Australian Institute of Superannuation Trustees (AIST) called out advice firms that use third parties to solicit business through cold calling. Unsolicited calls to consumers ...

Industry funds gain ground in retirement asset battle: KPMG

ANDREW MCKEAN  |  FRIDAY, 5 MAY 2023
... longevity. To address these concerns, the Retirement Income Covenant, which took effect in July 2022, mandates super fund trustees to develop a retirement income strategy that maximises expected retirement income, manages risks, and provides flexible ...

Dalton Street fund terminated

JAMIE WILLIAMSON  |  THURSDAY, 4 MAY 2023
... Trust is to be terminated this month as it is "no longer economically viable." As responsible entity for the fund, Equity Trustees said the fund will be wound up no later than May 10, primarily due to its low assets under management. Equity Trustees ...

Jones calls for taxonomy to clarify greenwashing

RACHEL ALEMBAKIS  |  WEDNESDAY, 3 MAY 2023
... having a look at the benchmarking exercise that was set up by the previous government," Jones said. "I support holding trustees to account for the performance of their funds. We want to make sure, however, that there's an alignment between what we're ...

Payday super to boost retirement savings for millions

ANDREW MCKEAN  |  TUESDAY, 2 MAY 2023
... superannuation industry bodies Association of Superannuation Funds of Australia (ASFA) and Australian Institute of Superannuation Trustees (AIST) also welcomed the government's move to pay super with wages. ASFA deputy chief executive Glen McRea ...

HESTA adds Dahn to board

KARREN VERGARA  |  FRIDAY, 28 APR 2023
... and Cabinet and Treasury and Finance. She was named trustee of the year by the Australian Institute of Superannuation Trustees in 2021.

Biggest super funds face human rights complaints

ANDREW MCKEAN  |  THURSDAY, 27 APR 2023
... economic rights, as well as the failure to obtain free, prior, and informed consent. Complaints were also sent to the trustees of AMP, Australian Retirement Trust, Aware Super, Brighter Super, BT, Cbus, Colonial First State, Commonwealth Superannuation ...

Equity Trustees, OnePath dominate choice heatmap failure

KARREN VERGARA  |  WEDNESDAY, 26 APR 2023
A host of Equity Trustees and OnePath options once again dominated the worst-performing and most expensive Choice products in APRA's newly published heatmap results. Of the 407 options with an eight-year return history APRA analysed, 182 or 45% ...