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| | | ... this month, requiring both funds to engage an independent expert to conduct a review their compliance with Prudential Standard SPS 520 Fit and Proper, as well as their adherence to the duty to act in the best financial interests of beneficiaries when ... |
| | | | ... support members who identify with the provided retirement personas but still need personalised guidance. He told Financial Standard that new roles and functions have been established to facilitate these conversations, allowing members to explore their ... |
| | | | The government has passed legislation that will put in place new powers for regulators to protect financial market infrastructure in the event of a crisis. Treasurer Jim Chalmers said the new laws will provide regulators with more powers to manage financial ... |
| | | | ... investing in the HAFF would "meet the best financial interests of our members." Cbus chief investment officer told Financial Standard that any suggestion that a super fund would be the recipient of funds via the HAFF is wrong. "A super fund is not involved ... |
| | | | ... in it rather than it being a complimentary service as such," RI Toowoomba chief executive Jeff English told Financial Standard. "Lifecover is a process-driven insurance-based business and brings good skill sets to our business, which is very much complementary." ... |
| | | | ... $52,085, according to the latest data from the Association of Superannuation Funds of Australia (ASFA). To fund this standard of retirement, couples would need to have a superannuation balance of $690,000, while singles would require $595,000. ASFA defines ... |
| | | | In a first for ASIC, Libertas Financial Planning's AFS Licence (AFSL) has been revoked for its failure to pay compensation as ordered by the Compensation Scheme of Last Resort (CSLR). Libertas, which went into liquidation in September 2023, failed ... |
| | | | Super Members Council chief executive Misha Schubert has defended the selection requirements for superannuation fund boards in the wake of the CFMEU scandal. Schubert said the shared governance model of profit-to-member funds was created with a "clear ... |
| | | | Voting is now open for the 2024 Financial Standard Power50, which recognises the most influential financial advisers in Australia. Financial Standard has shortlisted 114 financial advisers who have progressed to the voting stage after receiving more ... |
| | | | ... accountant by trade, he's held several finance, insurance and operations roles over the years, including stints at Standard Life and Great Southern Bank. ART chief executive David Anderson said the appointment comes as the fund enters its next phase ... |
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