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Showing 41 - 50 of 4110 results for "Trustee"

Choice products require fairer framework: FSC

KARREN VERGARA  |  TUESDAY, 6 AUG 2024
... 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 ...

Mercer Super cops landmark $11.3m greenwashing penalty

KARREN VERGARA  |  FRIDAY, 2 AUG 2024
... 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 ...

AMP Super trustee has additional licence conditions removed

ANDREW MCKEAN  |  FRIDAY, 2 AUG 2024
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 ...

AFCA complaints surge in FY24

KARREN VERGARA  |  THURSDAY, 1 AUG 2024
The Australian Financial Complaints Authority (AFCA) received a record number of complaints in the 2024 financial year, jumping 9% to more than 105,000. Preliminary numbers show scam-related complaints drove the surge, together with motor vehicle insurance ...

Future Fund hires Fortlake investments deputy

ELIZABETH FRY  |  MONDAY, 29 JUL 2024
... deal, CFS will get 12% of future revenue and, in return, will assume back-office functions such as responsible entity, trustee, and distribution and marketing. Fortlake recently added Cathie Drysdale as portfolio manager of fixed income and data science ...

SMSFs thrive amid ATO compliance complications

MATTHEW WAI  |  THURSDAY, 25 JUL 2024
The average adviser today is managing more clients than a year ago, resulting in a ratio of around 20 self-managed super fund (SMSF) clients per SMSF specialists, Investment Trends head of research Irene Guiamatsia told the SMSF Association Technical ...

OnePath Custodians fined $11m for MySuper failures

JAMIE WILLIAMSON  |  MONDAY, 22 JUL 2024
OnePath Custodians is entering a court enforceable undertaking with APRA and will pay close to $11 million, as it continues to identify super members whose contributions weren't directed to a MySuper option when they should have been. APRA has agreed ...

Beaconsfield takes control of New Quantum

ANDREW MCKEAN  |  MONDAY, 22 JUL 2024
... but we were left with no option after increasing misalignment between Beaconsfield and Keystone Asset Management, the trustee of an unsecured lender to New Quantum Holdings, on the financing of the company and other key issues. "This misalignment threatened ...

Industry funds defend CFMEU board ties

ANDREW MCKEAN  |  FRIDAY, 19 JUL 2024
... reassessments required. A source told Financial Standard that there are also requirements for trigger events, which may prompt a trustee to conduct a fit and proper check of an implicated director. While these directors might not be directly implicated ...

The most popular fund types launched in Australia

ANDREW MCKEAN  |  WEDNESDAY, 17 JUL 2024
Of the latest 100 funds launched into the Australian investment market by Equity Trustees, most were related to global fixed income, however, the asset class didn't attract the highest flows. There were 19 new global fixed income funds, 18 Australian ...