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

Search Results

Showing 781 - 790 of 4527 results for "Trustee"

Super, advice class actions dampen CBA results

KARREN VERGARA  |  WEDNESDAY, 15 FEB 2023
... mediate this issue by 13 October 2023. The second class action relates to fees charged by the FirstChoice Fund. CFSIL, as trustee, allegedly acted unconscionably and breached its duties and acted unconscionably because it failed to take steps to avoid ...

Equity Trustees names super head

ANDREW MCKEAN  |  TUESDAY, 14 FEB 2023
... fortunate to have this exceptional expertise and experience to continue the growth story for our specialist superannuation trustee service, which has included the acquisition of Zurich Australian Super and trustee appointments to AIA (Comminsure) in ...

ESG impacts on US pension funds tested

RACHEL ALEMBAKIS  |  MONDAY, 13 FEB 2023
There is no difference between investment returns for US state pension funds in "blue" states that might be more likely to integrate ESG investment principles and "red" states that are more likely to ban ESG investment strategies, according to Rainmaker ...

Assets under custody stagnant: Data

CASSANDRA BALDINI  |  FRIDAY, 10 FEB 2023
Total assets under custody in Australia have seen marginal growth in the six months to December end, however they've barely budged since last year. The latest data from the Australian Custodial Services Association (ACSA) showed total assets under custody ...

Put controls in place for super funds: Associations

CASSANDRA BALDINI  |  THURSDAY, 9 FEB 2023
Superannuation funds could soon break free from the shackles of intra-fund advice but financial advisers aren't happy about it. The Quality of Advice Review proposal (QAR) sitting before Treasury would give super funds the green light to provide ...

"A lawyer's picnic": QAR report slammed

JAMIE WILLIAMSON  |  THURSDAY, 9 FEB 2023
Consumer bodies have criticised the Quality of Advice Review's final report, saying the proposals create a two-tier system whereby poorer Australians will only be able to access conflicted advice. Super Consumers Australia director Xavier O'Halloran ...

Link scores admin, technology mandate

KARREN VERGARA  |  WEDNESDAY, 8 FEB 2023
... footprint as the primary retirement solutions provider for the pension sector." Phillip Bretnall, HSBC's head of global trustee and fiduciary services for the Asia Pacific, commented that by partnering with Link "we will be able to focus on the core ...

Treasury releases Quality of Advice Review final report

CASSANDRA BALDINI, JAMIE WILLIAMSON  |  WEDNESDAY, 8 FEB 2023
True to her word, Quality of Advice Review chair Michelle Levy's final report contains few surprises, however her recommendations include the introduction of both a Good Advice Duty and a Statutory Best Interests Duty. The 267-page final report ...

APRA outlines 2023 super priorities

CHLOE WALKER  |  THURSDAY, 2 FEB 2023
This year, APRA is focused on rectifying sub-standard practices, eradicating unacceptable performance, and influencing improved retirement outcomes. That's according to its 2023 supervision priorities, released today. It said it's all part of holding ...

Cold calling advice firms called out

JAMIE WILLIAMSON  |  WEDNESDAY, 1 FEB 2023
The Australian Institute of Superannuation Trustees (AIST) is calling on the government to extend anti-hawking laws to combat financial advice firms using third parties to solicit business through cold calling. Unsolicited calls to consumers about superannuation ...