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Showing 861 - 870 of 4484 results for "Trustee"

Frontier appoints new chair

JAMIE WILLIAMSON  |  FRIDAY, 1 JUL 2022
After eight years in the role, Gabriel Szondy has retired as chair of the asset consultant, replaced by a superannuation industry veteran. Szondy joined the board of Frontier in 2008 and has served as chair since 2014. Effective today, he no longer ...

July 1 super changes: Are you ready?

CASSANDRA BALDINI  |  THURSDAY, 30 JUN 2022
... applied to MySuper products in 2021. The test, introduced under the Your Future, Your Super reforms, has been extended to trustee-directed products (TDPs) from July 1. Finally, the long-awaited Retirement Income Covenant (RIC) that has been introduced ...

Retirement Income Covenant a win for advisers - but for how long?

JAMIE WILLIAMSON  |  THURSDAY, 30 JUN 2022
The long-awaited Retirement Income Covenant comes into effect tomorrow and, with super funds unable to consider members' personal circumstances, there's a view that its introduction could significantly impact the financial advice sector - but ...

Corporate fund to join Australian Retirement Trust

JAMIE WILLIAMSON  |  MONDAY, 27 JUN 2022
... manufacturer of explosives, fertilisers and industrial chemicals. Towers Watson Superannuation is currently the fund's trustee. Established in 2006, IPE Super's membership has steadily declined in recent years. As at 30 June 2021, the fund had $210.3 ...

AMP Capital fund manager resigns

CHLOE WALKER  |  MONDAY, 27 JUN 2022
... confident of having a strong replacement for the role." Just last month there were calls for AMP Capital to be replaced as trustee of the fund. It is due to be handed over to Dexus under the terms of its acquisition of the real estate and domestic infrastructure ...

Performance test comms criticised

JAMIE WILLIAMSON  |  FRIDAY, 24 JUN 2022
... retain members also bordered on providing financial advice, ASIC noted. Getting into specifics, the regulator said one trustee used other ratings and rankings to promote performance. "A trustee whose product failed the performance test described it as ...

Super trustees face rough seas ahead: Byres

ANDREW MCKEAN  |  FRIDAY, 24 JUN 2022
... didn't give them to us only to have them gather dust." "These powers are important for making sure the higher standards of trustee behaviour - embodied in a relentless focus on members' interests over all else - are not just aspirational." Surveying ...

Active Super kickstarts reward program

ANDREW MCKEAN  |  TUESDAY, 21 JUN 2022
Active Super has launched a Super Booster reward program to accelerate the growth of members' super balances. The Super Booster reward program is a 'set and forget' tool for members to top-up their super balances with eligible retail purchases. ...

SMSF assets climb to $892bn

ANDREW MCKEAN  |  FRIDAY, 17 JUN 2022
New quarterly ATO statistics estimate that the total assets of SMSFs are $892 billion, up 11% year on year. More broadly, the total assets of SMSFs have grown by $2.4 billion over a five-year period to the March 2022 quarter. Despite significant asset ...

MSC Group launches Singaporean fund service

CASSANDRA BALDINI  |  FRIDAY, 17 JUN 2022
... marketing and compliance. The Australian business has operated its fund service platform for 10 years and currently provides trustee and fund administration services to more than 200 funds, with funds under appointment of $5 billion (SGD $4.8 billion.) ...