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Showing 681 - 690 of 4480 results for "Trustee"

Illegal early release of super sees director banned

CHLOE WALKER  |  TUESDAY, 18 APR 2023
... period as a result. Edden-Brown was the sole director and shareholder of Edden Brown Holdings Pty Ltd (EBH), the corporate trustee for the Enigma Corporation Trust (Enigma Corporation) and the Equitibanx Australian Trust (Equitibanx). From 2019 to 2021 ...

Government divulges vision for superannuation

ANDREW MCKEAN  |  FRIDAY, 14 APR 2023
Assistant treasurer and minister for financial services Stephen Jones has detailed a three-pronged approach to superannuation reform that will forge national consensus, shift the focus from savings to retirement income, and elevate service standards ...

ASIC warns super funds on member communication failure

KARREN VERGARA  |  WEDNESDAY, 12 APR 2023
... must also be more consistent on communicating performance results on their websites. "As the performance test expands to trustee-directed products, I strongly encourage trustees to assess their approach to member communications, reflecting on the suggested ...

Investor education combats emotions: Experts

ANDREW MCKEAN  |  TUESDAY, 11 APR 2023
... advice Steven O'Donoghue says that members can be driven by emotions in their investments or retirement, even though a trustee's obligation is to protect their financial interests. "This underlines the challenge of financial literacy," O'Donoghue told ...

YFYS recommendations not enough: AIST

JAMIE WILLIAMSON  |  THURSDAY, 6 APR 2023
... the MoneySmart website and product dashboards for MySuper products," Scheerlinck said. "Although applying the test to trustee-directed products from this year broadens the scope of scrutiny, it was not unexpected and falls short of our position that ...

Consumer interests prioritised in YFYS review

ANDREW MCKEAN  |  WEDNESDAY, 5 APR 2023
Industry groups have welcomed the Your Future, Your Super (YFYS) review's focus on consumer interests by targeting poor performing super funds. Responding to yesterday's release, Financial Services Council (FSC) commended the government for ...

Super performance test consultation opens

KARREN VERGARA  |  WEDNESDAY, 5 APR 2023
Assistant treasurer Stephen Jones has opened consultations that aim to make the superannuation performance test more accurate by updating the benchmarks and extending the testing period. These are among the proposed changes to the Your Future, Your ...

Jones releases Your Future, Your Super review outcomes

KARREN VERGARA  |  TUESDAY, 4 APR 2023
... with relatively poor investment performance that have temporarily lowered fees. "The performance test will be extended to trustee-directed products (TDPs) for the 2023 testing period. Any changes to the Tool should take this extension of the performance ...

Mantis Funds wins new distribution mandate

CHLOE WALKER  |  MONDAY, 3 APR 2023
Mantis Funds has teamed up with UK-based Atlantic House to launch the Atlantic House Defined Returns Fund in Australia later this quarter. As a part of a deal, and in conjunction with Equity Trustees as responsible entity, Atlantic House will build ...

Curbing super tax breaks for the wealthy: Consultation opens

ANDREW MCKEAN  |  MONDAY, 3 APR 2023
The government has opened consultation on its proposal to increase the concessional tax rate for superannuation balances over $3 million. Under the proposal, individuals with super balances over $3 million would see their tax rates on earnings double ...