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Showing 71 - 80 of 862 results for "Superannuation Trustees"

APRA slaps extra conditions on Insignia trustees

JAMIE WILLIAMSON  |  FRIDAY, 4 NOV 2022
... August 2020, APRA said. In response, Insignia said: "Insignia Financial is committed to supporting its superannuation trustees to uplift their governance and risk management frameworks and practices to meet APRA's requirements. Implementation of ...

Nowhere has there been more change than super: Byres

ANDREW MCKEAN  |  THURSDAY, 20 OCT 2022
... it's been the increased transparency forced upon the industry. "Given the weak accountability that most superannuation trustees are subject to by virtue of their ownership structure and limited member engagement, corporate interest and self-interest ...

Current legislation "wrong way around": Levy

CASSANDRA BALDINI  |  THURSDAY, 22 SEP 2022
... you're likely to be giving personal advice," she added. "The question for the licensee, the bank, insurer, superannuation trustees is, 'What do I need to do to be satisfied that the advice that's been given is good? "If it is difficult or ...

AMP cops $14.5m penalty over fees for no service

JAMIE WILLIAMSON  |  TUESDAY, 20 SEP 2022
... to ensure the payments ceased when members left their employer," ASIC deputy chair Sarah Court said. "Superannuation trustees should treat the penalty imposed today as an important reminder to maintain robust internal governance and assurance arrangements. ...

APRA aims to bolster financial crisis response

CASSANDRA BALDINI  |  WEDNESDAY, 7 SEP 2022
... consulting on new prudential standards to strengthen the financial crisis response of banks, insurers and superannuation trustees. The regulator said the two proposed standards are aimed at ensuring entities are prepared to deal with threats to their ...

Not enough being done to fix super gap: AIST

JAMIE WILLIAMSON  |  TUESDAY, 6 SEP 2022
In opening the Australian Institute of Superannuation Trustees' Conference of Major Super Funds, chief executive Eva Scheerlinck lamented the glacial pace of change for women when it comes to superannuation. Touching on why closing the gender super ...

Four MySuper products fail for second time: APRA

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2022
... supervisory approach, driving trustees to take meaningful action to improve member outcomes. APRA encourages superannuation trustees to continue to explore ways to improve the efficiency of their MySuper products." Commenting on the results, Super Consumers ...

ASIC tells super trustees to improve TMDs

ANDREW MCKEAN  |  MONDAY, 29 AUG 2022
ASIC is calling on superannuation trustees to review and improve the effectiveness of target market determinations (TMD) for their products. The regulator's request follows a sample review of trustee compliance that found some poor practices. ASIC ...

ASIC highlights strategic priorities

CASSANDRA BALDINI  |  TUESDAY, 23 AUG 2022
... communicate its findings to drive improved retirement outcomes for consumers while continuing surveillance of superannuation trustees on issues previously raised by ASIC. It also said it is focused on reducing the risk of harm to consumers of financial ...

NGS Super chief executive retires

JAMIE WILLIAMSON  |  MONDAY, 22 AUG 2022
... before the fund's merger with QIEC Super was finalised. Also commenting, the Australian Institute of Superannuation Trustees thanked Wright for her work in the profit-to-member sector and her commitment to achieving the best retirement outcomes for ...