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Showing 941 - 950 of 11074 results for "Members"

Super framework, SMSFs conducive to financial abuse: Inquiry

KARREN VERGARA  |  FRIDAY, 6 DEC 2024
... perpetrators can claim death benefits and continue to commit financial abuse even after the death of a victim-survivor. Super Members Council chief executive Misha Schubert commented: "The sector is united in calling for reform and sending a clear message ...

MLC trustees to pay $65m in MySuper class action settlement

JAMIE WILLIAMSON  |  FRIDAY, 6 DEC 2024
MLC will pay close to $65 million to settle a class action that alleged it delayed transferring more than 300,000 members to cheaper MySuper options. Maurice Blackburn has today advised it reached a settlement with MLC Super Fund, NULIS Nominees and ...

HESTA names general manager of retirement

MATTHEW WAI  |  FRIDAY, 6 DEC 2024
HESTA has named a general manager of retirement as 14% of its members get ready to retire in the next five years. Shannon O'Shea has been appointed to the role. She was previously general manager, new business and growth enablement, a position she ...

GESB renews administration mandate

JAMIE WILLIAMSON  |  THURSDAY, 5 DEC 2024
... was effective December 1. GESB chief executive Ben Palmer said: "At GESB, our focus remains steadfastly on helping our members achieve a quality retirement, with products and services they can rely on." "Our long-standing partnership with MUFG Retirement ...

More work to do on reportable situations compliance, ASIC says

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
... reduced licensees' ability to identify incidents," ASIC said. It added that all licensees placed responsibility on staff members to identify and report situations, but some did not adequately train staff on how to do so. For some, training was only provided ...

Treasury gives Tranche 2 reform package preview

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
... regulations and, where they fail, may incur civil penalties. Abood welcomed this surprise inclusion, saying many FAAA members have expressed interest in employing these advisers as a means of offering more affordable, simple advice to more clients or ...

Cbus lacks stringent director, expenditure policies: Deloitte

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
... has found little evidence to suggest Cbus' pricey relationship with the CFMEU is in the best financial interests of members. It also found the fund's processes for determining the propriety of board directors are lacking. Cbus has released the ...

Trustees, advisers have 'insufficient focus' on performance

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2024
... of our review was not to make judgements about whether a particular option should be made available or recommended to members. Nor did we seek to provide a prescriptive measure or benchmark for underperformance," Kirkland said. "We appreciate that performance ...

Netwealth celebrates $100bn amid 25th anniversary

JAMIE WILLIAMSON  |  TUESDAY, 3 DEC 2024
... futures of one million Australians, we are proud to administer 100 times that on behalf of our investors and superannuation members." He said the group is both proud of what it has achieved as a business and "the positive impact we have had on the industry ...

TelstraSuper and Equip Super merger to go ahead

ELIZA BAVIN  |  TUESDAY, 3 DEC 2024
... Understanding and commenced a due diligence process, confirming a merger was expected to be in the best financial interests of members of each fund. The merger will create a combined profit-to-member fund with more than $60 billion in funds under management ...