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Showing 51 - 60 of 321 results for "SIS"

OnePath fined over MySuper bungle

JAMIE WILLIAMSON | WEDNESDAY, 14 JUN 2023

... by the member as to where the money should be invested. This occurred from mid-2022 onwards, the regulator said. Under the SIS Act, trustees must direct contributions to a MySuper product where the member has not advised where they should go. In addition ...

AustralianSuper mistake spurs call for regulatory intervention

ANDREW MCKEAN | MONDAY, 15 MAY 2023

... unintentional and contrary to the interests of members," he said. "The duty to identify duplicate accounts under section 108A of the SIS Act provides room for trustees to exclude defined benefit and income stream accounts and places the onus on the trustee ...

APRA consults on approach to combining product histories

JAMIE WILLIAMSON | THURSDAY, 20 APR 2023

... consulting on a draft technical determination that modifies certain return formulae for the performance test contained in the SIS regulations. "This technical determination will operate in limited circumstances by adapting the performance test to reflect ...

Digital advice association in the works

CASSANDRA BALDINI | TUESDAY, 11 APR 2023

... made is there are other things that will help clear the way for digital advice adoption," he said. "Her proposal to amend the SIS Act, in particular, is a recommendation that makes it clear that super funds can spend money on providing retirement advice ...

Super reform "takes away the right to be tax exempt"

ANDREW MCKEAN | TUESDAY, 28 MAR 2023

... unrealised capital gains tax, has drawn criticism from a top AFSL. Under the existing Superannuation Industry Supervision (SIS) regulations, retirees must draw a minimum pension amount based on their age when they start an income stream. This minimum ...

Gender lens approach wins: Steed

CHLOE WALKER | FRIDAY, 10 MAR 2023

Approaching investment opportunities through a gender lens is key to realising outperformance, according to Melior Investment Management's Lucy Steed. Speaking at KPMG's International Women's Day event in Sydney yesterday, Steed said her view is backed ...

Allan Gray transfers platform, exits super

JAMIE WILLIAMSON | MONDAY, 6 MAR 2023

Allan Gray Australia is exiting the platform market, inclusive of its superannuation offering, to focus on its core funds management business. Effective April, Allan Gray will transfer the Allan Gray Solutions platform to OneVue Wealth Services. The ...

Stafford Capital Partners launches new fund

CHLOE WALKER | WEDNESDAY, 18 JAN 2023

Stafford Capital Partners has launched its fifth Stafford Infrastructure Secondaries Fund (SISF V). The fund has a $2 billion target and seeks to provide access to a diversified global infrastructure portfolio, with core infrastructure risk predominately ...

Draft SMSF auditor registration regulations to update fees, language

ANDREW MCKEAN | MONDAY, 17 OCT 2022

... regime. According to Holding Redlich partner Luke Hooper, Section 128L of the Superannuation Industry (Supervision) Act 1993 (SIS Act) prescribes the matters that those fees are payable for, in respect of approved SMSF auditors including, applying for ...

Focus on providing 'good advice': QAR draft proposals

JAMIE WILLIAMSON, CASSANDRA BALDINI | MONDAY, 29 AUG 2022

... for personal advice provided on their interest in the fund, if the member allows it. To enable this change, Levy says the SIS Act would need to be amended to provide trustees permission to provide personal advice to members about their interests in a ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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