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

Search Results

Showing 731 - 740 of 4574 results for "Trustee"

Trustees must do better on account consolidation: ASIC

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
... to have more than one account and automatically consolidated any multiple accounts identified. Meanwhile, ASIC said the trustee that failed to assess members' best interests in this regard has committed to rectifying this. Meantime, two trustees in the ...

Dealer group adopts profit-for-purpose model

CHLOE WALKER  |  THURSDAY, 29 JUN 2023
... Legacy Program will also comprise of a charity fund, Spark Hope, which will be overseen and governed by an independent trustee and become a mechanism for Spark advisers to contribute towards the program's initiatives. "Our new model will ultimately ...

abrdn sells local trustee business

CHLOE WALKER  |  TUESDAY, 27 JUN 2023
MSC Trustees has acquired abrdn's Australian trustee entity, becoming the corporate trustee of 10 funds. The fund book, comprising $1.5 billion in funds under management, includes the abrdn Sustainable Asian Opportunities Fund, abrdn Sustainable ...

ASIC nudges trustees on member fund compliance

ANDREW MCKEAN  |  TUESDAY, 27 JUN 2023
ASIC is appealing for superannuation trustees to adhere to their legal responsibilities concerning member funds following a review of 12 trustees. A recent review by ASIC revealed that most aren't meeting their legal responsibilities for managing incoming ...

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 ...