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

Search Results

Showing 891 - 900 of 3320 results for "Trustees"

FSC defends retail super funds

ELIZA BAVIN  |  MONDAY, 22 MAR 2021
... a credible claim," an FSC spokesperson said. "The Your Future, Your Super reforms apply equally to all superannuation trustees regardless of corporate structure, and this is an appropriate approach." The FSC said that while it holds its own concerns ...

Admin fees could balloon from BFID

KARREN VERGARA  |  TUESDAY, 16 MAR 2021
... The reforms, which are part of the Your Future Your Super legislation currently sitting before parliament, will force trustees to prove they are acting in the best financial interests of members thanks to the introduction of the word 'financial' ...

ASIC bans adviser over dodgy super consolidation

ELIZABETH MCARTHUR  |  MONDAY, 15 MAR 2021
... to obtain hardship payments. The regulator claims Bhandari told consumers to make false statements to their super fund trustees to gain early access to their super balances. He also was found to have given consumers personal advice despite only being ...

ATO warns of new SMSF scheme

ELIZA BAVIN  |  MONDAY, 15 MAR 2021
The Australian Taxation Office (ATO) has warned SMSF trustees of a new scheme it has uncovered that aims to avoid paying potential tax liabilities. The ATO said while it is important to plan for retirement and look for ways to maximise retirement assets ...

Global net zero framework launched

JAMIE WILLIAMSON  |  FRIDAY, 12 MAR 2021
... State Common Retirement Fund, the Church of England Pensions Board, PensionDanmark, AP2, Lloyds Banking Group Pensions Trustees, Nest Corporation, AXA Investment Managers, DWS, Aberdeen Standard Investments, PIMCO, Jupiter Asset Management, Robeco and ...

GROW Super rebrands

KARREN VERGARA  |  THURSDAY, 11 MAR 2021
... DeanHouston. The super fund offering kickstarted in 2016 and launched in May 2017 as a product of LESF Super with Diversa Trustees acting as trustee. GROW told FS Super in 2018 that offering artificial intelligence and blockchain-led technology was always ...

Women boost SMSF balances

ANNABELLE DICKSON  |  WEDNESDAY, 10 MAR 2021
... SMSF tax and regulatory obligations while only 5000 SMSF auditors were engaged. In addition, there were 63% of corporate trustees, opposed to 37% of individual trustees. The data shows 55% of SMSFs have existed for more than 10 years while 47% of SMSFs ...

ASIC pursues criminal charges in super

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAR 2021
... December 2020, the Financial Sector Reform (Hayne Royal Commission Response) Bill was passed, delaying the ban on super trustees using member's money to pay civil or criminal penalties resulting from breaches of the Corporations Act or ASIC Act. ...

Former QIC executive joins Qualitas

KARREN VERGARA  |  WEDNESDAY, 10 MAR 2021
... support the next phase of growth at Qualitas," Schoenfeld said. Schwartz was recently named as a board member of Equity Trustees. She is currently a non-executive director on the boards of the Reserve Bank of Australia her family office Trawalla Grou ...

Quasi-mergers in APRA's sights

ELIZA BAVIN  |  WEDNESDAY, 10 MAR 2021
... that the interests of members are prioritised, and their reasonable expectations are met," Rowell said. "We expect the trustees, particularly of the fund making changes to its investment management arrangements, to show that the new approach is in members' ...