Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 641 - 650 of 4480 results for "Trustee"

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 ...

Small super funds admonish APRA

ANDREW MCKEAN  |  FRIDAY, 23 JUN 2023
... superannuation funds expressed disproportionally high discontent with the regulator. APRA observed that superannuation and trustee respondents gave distinctly lower ratings for almost all items in the survey, particularly smaller super responsible entities. ...

Equity Trustees reviews UK, Ireland businesses

ANDREW MCKEAN  |  FRIDAY, 23 JUN 2023
... clients." Equity Trustees' financial results for the half year ended 31 December 2022 revealed that its UK/Ireland corporate trustee services segment yielded $1.6 million revenue, an improvement from the $1.3 million recorded during the same period in ...

SMSFs brace for more reforms: Expert

KARREN VERGARA  |  TUESDAY, 20 JUN 2023
As June 30 approaches, self-managed superannuation funds (SMSFs) must brace themselves for more regulatory reforms that could impact their hard-earned savings, according to a superannuation expert. HLB Mann Judd superannuation partner Mitchell Markwick ...

Labor advances super performance test changes

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... Choice products to adjust for flag cost considerations. Trustees must therefore take into account the nature of different trustee-directed products (TDPs) Jones is introducing changes to representative administration fees and expenses or RAFE for platform ...

SMSF advisers navigate new regulation: Survey

CHLOE WALKER  |  FRIDAY, 16 JUN 2023
New policy proposals, including indexation of the transfer balance cap and the $3 million cap present a variety of engagement opportunities for SMSF advisers, according to Investment Trends' latest report. The 18th annual edition of the 2023 SMSF Adviser ...

OnePath fined over MySuper bungle

JAMIE WILLIAMSON  |  WEDNESDAY, 14 JUN 2023
Insignia Financial and OnePath Custodians will pay $1.5 million for failing to direct member contributions to a MySuper product. APRA has fined OnePath Custodians $1.46 million after it was made aware 125 default member contributions were not directed ...

King's birthday honours for industry executives

CHLOE WALKER  |  TUESDAY, 13 JUN 2023
... for the family's philanthropic ventures (through the Schwartz Family Office). Former Aware Super board member and trustee Steer has been a longstanding leader in the not-for-profit sector in Australia and globally, having founded UNHCR in Australia ...

Industry bodies respond to QAR recommendations

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
The wealth management industry has broadly welcomed the bulk of the Quality of Advice Review recommendations Labor will prioritise, with many agreeing that the reforms will fix financial advice and ultimately benefit consumers. In releasing the first ...