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Showing 621 - 630 of 3320 results for "Trustees"

The unintended consequences of the performance test

JAMIE WILLIAMSON  |  TUESDAY, 30 AUG 2022
... However, KPMG partner, actuarial and financial risk Platon Chris says the test now presents a challenge for APRA and trustees. One of the main reasons, he suggests, is because funds that have already undertaken substantial mergers or achieved significant ...

Focus on providing 'good advice': QAR draft proposals

JAMIE WILLIAMSON, CASSANDRA BALDINI  |  MONDAY, 29 AUG 2022
... relationship exists, the paper reads. Levy has also suggested allowing super funds to provide personal advice to members. Super trustees should also have discretion to decide how to charge members for that advice and the restrictions on collective charging ...

ASIC tells super trustees to improve TMDs

ANDREW MCKEAN  |  MONDAY, 29 AUG 2022
ASIC is calling on superannuation trustees to review and improve the effectiveness of target market determinations (TMD) for their products. The regulator's request follows a sample review of trustee compliance that found some poor practices. ASIC ...

Insignia Financial profits jump 59% to $234.5m

CASSANDRA BALDINI  |  THURSDAY, 25 AUG 2022
... one, funds by one, platforms to one to two and products to 20. As recently announced the sale of its Australian Executor Trustees (AET) business to EQT Holdings Limited (Equity Trustees) was executed for $135 million, with completion expected by end ...

Remediation bills revealed amid call for levy freeze extension

JAMIE WILLIAMSON  |  WEDNESDAY, 24 AUG 2022
... $24.7 million. On the above data, ASIC noted that the term 'customers' broadly refers to individuals, couples and SMSF trustees. It also said some customers may have been double counted as they may have been involved in more than one remediation program. ...

Equity Trustees celebrates new mandate

CHLOE WALKER  |  TUESDAY, 23 AUG 2022
Equity Trustees will become the responsible entity partner of Tanarra Credit Partners' new TCP Private Debt Income Fund. The TCP Private Debt Income Fund aims to provide investors attractive risk-adjusted returns with a focus on capital preservation ...

ASIC highlights strategic priorities

CASSANDRA BALDINI  |  TUESDAY, 23 AUG 2022
... due to industry consolidation," it said. On super, it will review industry practice, communicate expectations regarding trustees' disclosure obligations, and drive changes that improve transparency. It will conduct surveillance of trustees' oversight ...

NGS Super chief executive retires

JAMIE WILLIAMSON  |  MONDAY, 22 AUG 2022
... before the fund's merger with QIEC Super was finalised. Also commenting, the Australian Institute of Superannuation Trustees thanked Wright for her work in the profit-to-member sector and her commitment to achieving the best retirement outcomes for ...

Equity Trustees confirms AET acquisition

CASSANDRA BALDINI  |  MONDAY, 22 AUG 2022
Equity Trustees has announced it will acquire Insignia Financial's Australian Executor Trustees (AET) for $135 million. Following last week's market speculation, a statement said the acquisition will deliver significant growth for EQT, adding ...

Insignia Financial responds to EQT speculation

CASSANDRA BALDINI  |  FRIDAY, 19 AUG 2022
Insignia Financial has responded to media speculation that it's in discussions with Equity Trustees (EQT) over the sale of its Australian Executor Trustees (AET) business. In a statement to the ASX, Insignia confirmed discussions are underway but ...