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Showing 631 - 640 of 4478 results for "Trustee"

Institutions must raise the bar on cybersecurity resilience: APRA

CASSANDRA BALDINI  |  THURSDAY, 6 JUL 2023
Insights from APRA expose a lack of compliance with cybersecurity obligations is leaving hundreds of institutions open to financial crime. The regulator plans to have assessed more than 300 banks, insurers and super trustees' compliance with CPS 234 ...

More assets held in Choice over MySuper: APRA figures

ANDREW MCKEAN  |  MONDAY, 3 JUL 2023
More member assets are held in Choice products than in MySuper options, according to quarterly superannuation industry statistics by APRA. As of March 31, Choice products held $1.09 trillion of the total member assets held in APRA-regulated funds ($2.1 ...

Apostle links with venture capital firm

KARREN VERGARA  |  MONDAY, 3 JUL 2023
The $5 billion ethical fund manager has joined forces with a US venture capital firm that will expose sophisticated local investors to disruptive technology startups. Apostle Funds Management has partnered with Massachusetts-based Safar Partners, which ...

Performance test excluding retirement products is "crazy": Podcast

CASSANDRA BALDINI  |  THURSDAY, 29 JUN 2023
... a significant failing," he said. Linden said he is also concerned any further extension of the test will only include trustee-directed products. "That will leave out a whole range of other Choice investment options, which we know from the banking Royal ...

Trustees must do better on account consolidation: ASIC

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
... to have more than one account and automatically consolidated any multiple accounts identified. Meanwhile, ASIC said the trustee that failed to assess members' best interests in this regard has committed to rectifying this. Meantime, two trustees in the ...

Dealer group adopts profit-for-purpose model

CHLOE WALKER  |  THURSDAY, 29 JUN 2023
... Legacy Program will also comprise of a charity fund, Spark Hope, which will be overseen and governed by an independent trustee and become a mechanism for Spark advisers to contribute towards the program's initiatives. "Our new model will ultimately ...

abrdn sells local trustee business

CHLOE WALKER  |  TUESDAY, 27 JUN 2023
MSC Trustees has acquired abrdn's Australian trustee entity, becoming the corporate trustee of 10 funds. The fund book, comprising $1.5 billion in funds under management, includes the abrdn Sustainable Asian Opportunities Fund, abrdn Sustainable ...

ASIC nudges trustees on member fund compliance

ANDREW MCKEAN  |  TUESDAY, 27 JUN 2023
ASIC is appealing for superannuation trustees to adhere to their legal responsibilities concerning member funds following a review of 12 trustees. A recent review by ASIC revealed that most aren't meeting their legal responsibilities for managing incoming ...

Anti-hawking laws could dampen super fund advice: Academic

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
... he uses the current state of retirement income products. ASIC Regulatory Guide 38 The hawking prohibition states that a trustee can call a member "with information about different retirement income products, provided that the trustee does not make an ...

ISA welcomes back former chair

CASSANDRA BALDINI  |  MONDAY, 26 JUN 2023
Industry Super Australia (ISA) has reappointed Peter Collins as chair, replacing Greg Combet. Collins joined the ISA board in 2012 and served as its chair between 2013 and 2018. When he exited the role and became deputy chair, Combet replaced him as ...