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Showing 581 - 590 of 3320 results for "Trustees"

Crescent Wealth responds to PDS error criticism

ANDREW MCKEAN  |  THURSDAY, 1 DEC 2022
... estimated costs weren't calculated or disclosed correctly, calling the coverage of its errors "misrepresented." Equity Trustees, the trustee of Crescent Wealth, recently issued a significant events notice following the discovery of a disclosure issue ...

Marketing oversight must improve: ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 30 NOV 2022
... performance and risk. The five funds are the Allan Gray Australia Stable Fund and Dent Sector Fund, both overseen by Equity Trustees; the Funding Investment Trust, of which Melbourne Securities Corporation is RE; the Maxiron Monthly Income Trust under ...

Millions of retirees will benefit from QAR

CASSANDRA BALDINI  |  TUESDAY, 29 NOV 2022
... retirement. It will also improve access to retirement specific advice and member engagement through reforms that enable trustees to better guide and engage members through tools and guidance deterred by the current regulatory framework, it said. FSC ...

Crescent Wealth misreports indirect costs, breaches regulatory standards

ANDREW MCKEAN  |  MONDAY, 28 NOV 2022
Equity Trustees, the trustee of Crescent Wealth Superannuation, has said the fund's estimated costs weren't calculated or disclosed correctly, breaching regulatory standards. The finding follows a review by Equity Trustees, of the fund's ...

Super fund board renewals need work: APRA

JAMIE WILLIAMSON  |  MONDAY, 28 NOV 2022
APRA deputy chair Margaret Cole says there is "material scope" for improvement in super fund board renewal strategies. In a speech to the AIST Chairs Forum, Cole outlined the regulator's expectation of trustee boards, saying the issue of board governance ...

APRA urges entities to strengthen risk management

CASSANDRA BALDINI  |  FRIDAY, 25 NOV 2022
... opportunity for ADIs to evolve their accountability framework. "And it is never too early for insurers and superannuation trustees to start reviewing and reflecting on their governance and accountability arrangements in preparation for the FAR," he reminded. ...

Cbus retirement lead jumps to AustralianSuper

ELIZABETH FRY  |  FRIDAY, 25 NOV 2022
... implementing product strategies. Before arriving at Cbus in 2015, Sedawie worked as a product manager at ESSSuper, State Trustees, Aviva, and National Australia Bank. His move to AustralianSuper comes just one week after the $220 billion fund recruited ...

Super fund reporting requirements 'a dog's breakfast'

ANDREW MCKEAN  |  THURSDAY, 24 NOV 2022
... by Financial Standard, former APRA chair Wayne Byres said: "Transparency has been key to increasing the discipline on trustees to ensure they are always managing members' money in their best interests." Specifically, he cited that the transparency ...

Goldman Sachs charged over ESG failures

JAMIE WILLIAMSON, RACHEL ALEMBAKIS  |  WEDNESDAY, 23 NOV 2022
... Goldman Sachs also shared the policies and procedures it failed to follow with intermediaries and the funds' board of trustees, the SEC said. Goldman Sachs did not admit or deny the conduct but agreed to a cease-and-desist order, a censure, and a US$4 ...

AFCA secures $900m in compensation

CASSANDRA BALDINI  |  MONDAY, 21 NOV 2022
... 200 complaints per day, over the past four years. AFCA explained banks, general insurers, credit providers, super fund trustees and or advisers as well as underwriting agencies generate the most complaints. The one-stop-shop for disputes added the highest ...