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Showing 51 - 60 of 76 results for %22Putting Members%27 Interests First%22

Superannuation bills on hold

KARREN VERGARA  |  MONDAY, 15 APR 2019
... members and low-balance accounts from default insurance premiums, have been put on ice. Treasury Laws Amendment (Putting Members' Interests First) Bill 2019, a highly anticipated Bill that aims to prevent trustees from providing insurance on an opt-out ...

APRA warns trustees on expectations

ELIZABETH MCARTHUR  |  THURSDAY, 28 MAR 2019
... industry. Rowell said: "The Royal Commission highlighted specific examples where trustees did not appear to be clearly putting their members' interests first." "In a number of areas it lacks the maturity in its governance and risk management practices ...

Industry fund executive takes new role

HARRISON WORLEY  |  TUESDAY, 19 MAR 2019
... change after almost eight years at LUCRF, but was reluctant to leave industry super funds. "The philosophy of putting members first, and the Vision Super values of trust, care, commitment and citizenship, really drew me to the fund," Schimmel said. "It's ...

Group insurance reforms to be tabled

JAMIE WILLIAMSON  |  WEDNESDAY, 20 FEB 2019
... and those with low account balances on an opt-in basis will be tabled in Parliament today. The Treasury Laws Amendment (Putting Members' Interests First) Bill 2019 requires superannuation funds to only offer life cover to young members and those ...

Retail super funds in hot water: Royal Commission

KARREN VERGARA  |  MONDAY, 27 AUG 2018
... Smith admitted that members would have been in a better position if they did not have to pay the commissions; and Nulis putting the interests of advisers and the NAB group over members, who continued to receive trailing commissions may potentially breaching ...

ASIC defends enforceable undertakings at Royal Commission

KANIKA SOOD  |  FRIDAY, 17 AUG 2018
... CBA was indicating to ASIC that it did not want an enforceable undertaking. Interestingly, the bank had earlier proposed putting out a media release in lieu of entering an enforceable undertaking. CBA also asked ASIC to postpone its enforcement action ...

CFS and a messy MySuper transition

KANIKA SOOD  |  TUESDAY, 14 AUG 2018
... technology projects at the time," she said. Hodge said CFS made the decision to keep making new contraventions instead of putting up a new computer project. To this Elkins deferred to the complexity of the transfers - which had been flagged with the ...

Default super must protect member interests: AIST

KARREN VERGARA  |  WEDNESDAY, 7 JUN 2017
... super overlook members' interests: AIST". It inferred that default superannuation funds were choosing profits over putting members first. This was incorrect.

Equip eyes merger with Rio Tinto plan

JAMIE WILLIAMSON  |  WEDNESDAY, 1 FEB 2017
... right to nominate one of the employer directors. "As a profit-for-member fund, Equip has an absolute commitment to putting members' interests first. Our fund embodies robust governance, proactive risk management, and a skilled investment framework, and ...

Turnbull putting industry fund governance back on the table

ALEX BURKE  |  WEDNESDAY, 14 DEC 2016
... superannuation system efficient and competitive, argued that changes are needed so that super funds "put the interests of members ahead of any self-interest in the superannuation sector." He referred to the second and third stages of the Productivity ...