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Showing 631 - 640 of 1193 results for "Principle"

International pension fund creates stewardship group

DARREN SNYDER  |  THURSDAY, 24 MAR 2016
One of the world's largest pension funds has established a "Stewardship Enhancement Group" as part of an obligation it sees to increase understanding of responsible investment principles. Japan's Government Pension Investment Fund (GPIF) recently created ...

Super governance at top of APRA agenda

MARK SMITH  |  MONDAY, 21 MAR 2016
The Australian Prudential Regulation Authority has highlighted three superannuation governance issues it will prioritise in its regulatory agenda for 2016. The first of these issues is what the regulator called "the robustness of strategic and business ...

Fund managers not ready to enter new MIT tax regime

DARREN SNYDER  |  MONDAY, 21 MAR 2016
A tax partner at business law firm Hall & Wilcox believes some small to mid-size fund managers will struggle to be ready to enter the new tax regime for managed investment trusts (MITs). The new tax regime is expected to become law from 1 July 2016 ...

Emslie departs AIST board

DARREN SNYDER  |  FRIDAY, 18 MAR 2016
The Australian Institute of Superannuation Trustees (AIST) will have a new president from April following the resignation of Angela Emslie yesterday. Emslie has served on the board of AIST and the Conference of Major Superannuation Funds, for a joint ...

Adequacy benchmark to help define super

DARREN SNYDER  |  WEDNESDAY, 16 MAR 2016
Australian Institute of Superannuation Trustees (AIST) chief executive Tom Garcia believes one of the keys in defining super's purpose will be including an adequacy benchmark. Garcia admits an adequacy benchmark will be "devilishly hard to define" but ...

Senate recommends immediate adviser bans following "bitter harvest"

ALEX BURKE  |  TUESDAY, 15 MAR 2016
The Senate Economics References Committee has recommended legislative amendments which would allow ASIC to immediately suspend a financial adviser if "egregious misconduct" is suspected. Released today, the committee's report on the agribusiness managed ...

Board members lose independence after 12 years: CalPERS

DARREN SNYDER  |  TUESDAY, 15 MAR 2016
... director as non-independent or provide a detailed explanation as to why the director continues to be independent." This new principle will be closely watched by the Australian superannuation industry as it works through an industry wide governance debate ...

Up to 2.4m super members affected by CommInsure scandal

MARK SMITH  |  THURSDAY, 10 MAR 2016
... governance approach of CommInsure," the fund said. "We apply these standards across any review process as a matter of principle, and if any of our business partners do not meet these standards, this may trigger a new partner tender." Plan For Life numbers ...

Govt announces superannuation's objective

ALEX DUNNIN  |  WEDNESDAY, 9 MAR 2016
The government has released a discussion paper outlining the formal objective of Australia's superannuation system that it proposes to enshrine in legislation. The words the government is proposing are the same as those recommended by the Financial ...

Fraser Review compounds board independence impasse

DARREN SNYDER  |  WEDNESDAY, 9 MAR 2016
If no government is brave enough to mandate one-third independent directors on superannuation boards then funds should at least be accountable to members for their hires via an industry-wide governance code. This view is a key theme from responses to ...