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Showing 51 - 60 of 10153 results for "Trust"

Advice fee spike raises super concerns: SMC

VINNY VUCAGO  |  MONDAY, 29 JUN 2026
A $1.1 billion surge in advice fees deducted from Australians' superannuation accounts over the past two years has prompted fresh calls for stronger consumer protections. This comes amid concerns younger members are being switched into higher cost ...

Mercer Super fined $10.3m for reportable situations failures

KARREN VERGARA  |  MONDAY, 29 JUN 2026
Mercer Superannuation Australia will pay a $10.3 million penalty after it admitted to breaching the Reportable Situations Regime on several occasions, which the Federal Court found could have had the "potential to have a detrimental effect on members." ...

ASIC calls out platform trustees: 'Clear breach of trust'

RIDDHIMA TALWANI  |  MONDAY, 29 JUN 2026
... protections, like looking into an advice licensee's business model before they are onboarded. This is a clear breach of trust." The report urged trustees to monitor fee caps based on an appropriate cost of advice, set appropriate minimum balance requirements ...

REI Super chief executive steps down

ELIZA BAVIN  |  FRIDAY, 26 JUN 2026
REI Super has announced its chief executive Jarrod Coysh will be leaving the fund in September 2026. Coysh will be taking up the role of chief executive at GMHBA, the profit-to-member private health insurer. The REI Super board said it has commenced ...

CGT, negative gearing changes to become a law

RIDDHIMA TALWANI  |  FRIDAY, 26 JUN 2026
The government's tax agenda announced in the Budget overhauling the capital gains tax (CGT) discount and negative gearing have now passed the Parliament and will become law. The government recently unveiled CGT discount carveouts targeting small businesses ...

Corruption, governance risks: The cost of doing business in emerging markets?

KARREN VERGARA  |  FRIDAY, 26 JUN 2026
... exposure to countries or indices, active managers are selectively allocating capital to companies and management teams they trust, while avoiding those where governance risks outweigh potential returns. The recent Stockbrokers and Investment Advisers ...

BUSSQ beefs up cyber security oversight

MATTHEW WAI  |  FRIDAY, 26 JUN 2026
The Queensland industry fund has welcomed a cyber security expert to its board of trustees, bolstering its oversight on heightened cyber security risk. Matthew Rowan has joined the board as a director; he has been an expert committee member since August ...

APRA investigating Diversa's executive compensation

RIDDHIMA TALWANI  |  THURSDAY, 25 JUN 2026
APRA has commenced an investigation into if Diversa's executive remuneration decisions were made in accordance with prudential standards and trustees' duties under the Superannuation Industry (Supervision) Act. "Prudent remuneration practices play a ...

KPMG details action plan to address whistleblower probe

RIDDHIMA TALWANI  |  WEDNESDAY, 24 JUN 2026
... does not include financial incentives or rewards for whistleblowers as it relies on perceived moral and civic obligations. "Trust will only be rebuilt through sustained action and demonstrable change. We are determined to confront what went wrong, act ...

Greens, Labor agree on LRBA ban on SMSFs

MATTHEW WAI  |  WEDNESDAY, 24 JUN 2026
The Australian government is backing the Greens' policy to put a stop on self-managed superannuation funds (SMSFs) from purchasing residential properties with any capital assistance, arguing the sector is currently gating nearly two million properties ...