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Showing 841 - 850 of 3320 results for "Trustees"

Regulators warn trustees of super advice fee obligations

KARREN VERGARA  |  THURSDAY, 1 JUL 2021
The regulators issued a firm reminder to trustees and financial advisers to heed the new law that limits the charges on superannuation advice. From July 1, trustees and financial advisers must have the proper processes and systems in place to meet the ...

Regulators urge wider DDO adoption

JAMIE WILLIAMSON  |  WEDNESDAY, 30 JUN 2021
... discussion as to what defines a product versus an investment option in relation to the DDOs. In responding, ASIC told trustees to take a holistic approach to the DDOs, saying "there can be benefits in applying this thinking across all their products" ...

Sydney boutique swaps RE

KANIKA SOOD  |  TUESDAY, 29 JUN 2021
Harvest Lane Asset Management has swapped out Fundhost for Equity Trustees as its responsible entity after a unitholder vote. The changes apply to two funds: the $9.5 million Harvest Lane Asset Management Absolute Return Fund and the $8.2 million Harvest ...

Catholic Super to drop fees

JAMIE WILLIAMSON  |  MONDAY, 28 JUN 2021
... balanced option to 0.83% per annum for its aggressive option. Equip's MySuper option charges 0.32% per annum. Togethr Trustees said the funds' different investment structures mean the different options will not have exactly the same fees. "With ...

Court orders new group definition in CBA advice class action

KANIKA SOOD  |  WEDNESDAY, 23 JUN 2021
... premiums, dating back to August 2014. The two advice businesses, which are the named respondents in the case, are arguing the trustees should be the applicants as they paid the premiums out of superannuation trusts. They also claim the beneficiaries ...

LGIAsuper to rebrand

ELIZABETH MCARTHUR  |  TUESDAY, 22 JUN 2021
... trustee by repaying the LGIAsuper reserves. At the end of that period it'll be a full SFT of members into LGIAsuper Trustees and at that point amazing benefits will be unlocked for everyone." LGIAsuper has committed to fee reductions for Suncorp ...

Catholic, Equip SFT to see Fairley exit

JAMIE WILLIAMSON  |  FRIDAY, 18 JUN 2021
... bring a skilled chair on to follow me was pretty compelling," he said. The joint venture model which created Togethr Trustees was made possible by the fund's extended public offer (EPO) licence, which enabled Catholic and Equip members to reap the ...

ASIC takes on NAB for fee-for-no service breaches

KARREN VERGARA  |  FRIDAY, 18 JUN 2021
... comprehensive and do not cover all of the clients affected. In 2018, the Hayne Royal Commission heard NAB and its two trustees, NULIS Nominees and MLC Nominees, breached the Corporations Act and Superannuation Industry Act with respect to plan service ...

Industry mixed on YFYS

ANNABELLE DICKSON  |  FRIDAY, 18 JUN 2021
... with an amendment that will delay benchmarking and stapling until November. The Australian Institute of Superannuation Trustees (AIST) originally supported the objectives of the reforms but now said they create more consumer harm and does not deliver ...

ASIC drops Regal action

ANNABELLE DICKSON  |  WEDNESDAY, 16 JUN 2021
... commenced an investigation into the asset manager in relation to its trading in certain securities. At the time, Equity Trustees as the responsible entity requested trading be halted on Regal Investment Fund. "As an active participant in equity markets ...