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Showing 41 - 50 of 2218 results for %22Superannuation Trustees%22

Treasury unveils advice reforms draft legislation

KARREN VERGARA  |  TUESDAY, 14 NOV 2023
... Financial Services Guide (FSG) (Recommendation 10). The legislation aims to clarify the legal basis in which superannuation trustees can charge individual members for financial advice from their account, as well as clarify any tax consequences (Recommendation ...

Adviser levy discount amounts to $8m saving

KARREN VERGARA  |  FRIDAY, 10 NOV 2023
... enforcement activities, paying more than listed companies that are apportioned $42,999,175. In other sectors, superannuation trustees will fund regulator activities with $29,603,269 in total. ASIC did not respond to Financial Standard 's request ...

Potential reporting relief for trustees: ASIC

CHLOE WALKER  |  TUESDAY, 7 NOV 2023
... to achieve the disclosure requirements in subsection 29QC. "In extending the exemption in [CO 14/541], superannuation trustees would continue to be exempt from complying with disclosure obligations," ASIC said. "Particularly in the absence of regulations ...

Westpac reports $7.2bn profit

KARREN VERGARA  |  MONDAY, 6 NOV 2023
... that between October 2017 to April 2023, BTFM and WSAL failed to adhere to several obligations owed as superannuation trustees and that WLIS was knowingly concerned with the alleged contraventions. The quantum of the claim is unspecified. Westpac announced ...

Future Super acquires GuildSuper

JAMIE WILLIAMSON  |  WEDNESDAY, 1 NOV 2023
... "Today is a milestone for Future Group as we continue to grow and scale... This makes us one of the top 15 largest superannuation groups by number of members served," Future Group chief executive Simon Sheikh said. "As Future Group continues to grow ...

'Critical shortcomings' demand urgent action from trustees: APRA

ANDREW MCKEAN  |  TUESDAY, 31 OCT 2023
APRA deputy chair Margaret Cole has sounded the alarm on gaps in superannuation trustees' plans to assist the "tidal wave of fund members" heading toward retirement. At the Australian Financial Review's Super and Wealth Summit today, Cole outlined ...

Super member loyalty on the rise: Data

JAMIE WILLIAMSON  |  FRIDAY, 27 OCT 2023
Loyalty among superannuation fund members is at a three-year high, with just 18% now intending to take their retirement savings elsewhere. That's according to the latest CSBA FEAL Superannuation CX Benchmarking report, which surveyed more than 7200 ...

ASIC loses case against Diversa

JAMIE WILLIAMSON  |  TUESDAY, 24 OCT 2023
... by service providers and others," ASIC deputy chair Sarah Court said. "ASIC will continue to work with superannuation trustees emphasising the importance of risk management when dealing with third-party providers and others." Meantime, in a statement ...

WAM launches unit trust, names RE

CHLOE WALKER  |  TUESDAY, 24 OCT 2023
... S&P/ASX 200 Accumulation Index by 5.2% per annum since inception. EQT executive general manager, corporate and superannuation trustee services Andrew Godfrey said: "We are excited to be selected as the responsible entity role for this unit trust by Wilson ...

Super fund, insurer admin issues draw AFCA complaints

KARREN VERGARA  |  MONDAY, 23 OCT 2023
Life insurers and superannuation funds continue to pin systemic issues on administrative and legacy systems that have drawn customer complaints and, in some cases, led to large compensation payouts, according to the Australian Financial Complaints Authority ...