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Showing 551 - 560 of 2501 results for "Legal"

Performance test comms criticised

JAMIE WILLIAMSON  |  FRIDAY, 24 JUN 2022
... test communications sent by the 12 trustees of the 13 failed products, finding that trustees generally complied with the legal obligations to notify members - but some, it says, may have risked confusing or misleading members. According to ASIC, seven ...

Squirrel Super to pay over false property claims

JAMIE WILLIAMSON  |  TUESDAY, 21 JUN 2022
More than 18 months after legal action was launched, Squirrel Super will pay $55,000 for claims made in marketing materials about investing in residential property. The SMSF administrator was found by the Federal Court to have distributed a brochure ...

Clear up uncertainty: AFA, FPA

JAMIE WILLIAMSON  |  FRIDAY, 17 JUN 2022
... a binding tax ruling. In the advice world, often when a licensee approaches ASIC, they will be advised to get their own legal advice. If a licensee refers to a compliance specialist, they might get different answers," the AFA said. "There is no forum ...

MSC Group launches Singaporean fund service

CASSANDRA BALDINI  |  FRIDAY, 17 JUN 2022
... will benefit from the flexibility of our services, as well as international managers who are attracted to the political, legal and tax settings in Singapore."

Crypto companies halt withdrawals

ANDREW MCKEAN  |  TUESDAY, 14 JUN 2022
... otherwise unable to repay its obligations, eligible digital assets and collateral may not be recoverable. "You may not have any legal remedies or rights in connection with Celsius' obligations to you other than your rights as a creditor of Celsius ...

The rise of the hybrid ETP

CASSANDRA BALDINI  |  TUESDAY, 7 JUN 2022
... environment helps to differentiate between organic growth - that comes from net flow - and growth that comes from a change in the legal structure of the product. When adjustment for this is made it reduces the funds under management from 157% to 146%," ...

Volatile crypto markets need better regulation: CHOICE

ANDREW MCKEAN  |  TUESDAY, 31 MAY 2022
... provide protection to consumers. It recommended that exchanges that sell or control crypto assets need to be subject to strong legal obligations, including a ban on market manipulation. CHOICE also made a blanket statement that people should have stronger ...

Calls for Indigenous super beneficiary changes renewed

ANDREW MCKEAN  |  MONDAY, 30 MAY 2022
... members disproportionately, as the settings prevent the ATO from providing this information to anyone else other than the legal personal representative, creating a problem when the deceased person does not have one." Established in 2013, the Indigenous ...

AIST proposes crisis preparedness standards to APRA

ANDREW MCKEAN  |  WEDNESDAY, 11 MAY 2022
... the trustee risks litigation funders chasing actions. AIST said that through discussions it had within the superannuation legal community, it understood that litigators generally wouldn't bother to peruse payouts below $30 million. Therefore, the quantum ...

Pension fund pushes for independent chair at Berkshire Hathaway

JAMIE WILLIAMSON  |  FRIDAY, 22 APR 2022
... that an independent chair is corporate governance best practice. The shareholder proposal was put forward by the National Legal and Policy Center (NLPC), a non-profit organisation. NLPC believes the roles of chief executive and chair are "greatly diminished" ...