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Showing 941 - 950 of 4485 results for "Trustee"

Funds need retirement income strategy by July

ELIZABETH MCARTHUR  |  TUESDAY, 8 MAR 2022
Writing to super fund trustees, ASIC and APRA have confirmed that under the Retirement Income Covenant funds will need a strategy in place by July 2022. Outlining the timeline for implementing the covenant, ASIC and APRA said by 1 July 2022 funds are ...

Super funds drop Russian assets

ELIZABETH MCARTHUR  |  FRIDAY, 4 MAR 2022
Australian superannuation funds are dropping Russian assets in response to its invasion of Ukraine amid escalating global sanctions against Russia. Yesterday Treasurer Josh Frydenberg and Senator Jane Hume released a joint statement requesting that ...

Trustees to be quizzed on climate risk management

JAMIE WILLIAMSON  |  THURSDAY, 3 MAR 2022
Many superannuation funds will soon be asked to self-assess how their current practices align to the prudential regulator's guidance on managing the financial risks of climate change. APRA will soon be sending a voluntary survey to medium-to-large ...

Australian Retirement Trust announces next merger partner

ELIZABETH MCARTHUR  |  THURSDAY, 3 MAR 2022
Australian Retirement Trust (ART), the entity created by the merger of QSuper and Sunsuper, has announced its next merger partner. The Australia Post Superannuation Scheme (APSS) has formally agreed to merge with ART. The APSS trustee's independent ...

CSC turns 100 years old

KARREN VERGARA  |  TUESDAY, 1 MAR 2022
... Commonwealth's public service and military superannuation schemes. The Australian Reward Investment Alliance (ARIA) and Military Trustee Boards then merged to become the CSC. "We are thrilled to be announcing this exciting milestone because for us it ...

U Ethical adds two directors

ELIZABETH MCARTHUR  |  THURSDAY, 24 FEB 2022
U Ethical Investors has appointed two new directors to its board. Annette King and Robin Burns join its board of directors. King has over 18 years' experience in directorships including with MLC Australia, Swiss Re, AFG and FNZ Group. She also has over ...

Remembering Helen Hewett

JAMIE WILLIAMSON  |  WEDNESDAY, 23 FEB 2022
The superannuation industry is mourning the loss of one of its biggest advocates for female representation and mental health following the former Cbus chief executive's passing this week. Remembered as an astute leader and visionary of the super ...

HESTA endorses super splitting initiative

CHLOE WALKER  |  WEDNESDAY, 23 FEB 2022
HESTA is recommending super funds adopt a new process to make the splitting of assets easier following the results of a successful pilot program. HESTA is the first Australian super fund to adopt the Simpler Super Splitting initiative, which uses a ...

GigSuper folds, administrator takes over

KARREN VERGARA  |  MONDAY, 21 FEB 2022
... circumstances of the startup. GigSuper had less than 200 members in mid-2021 and $2.8 million in assets. Diversa acted as trustee, while GROW Inc was the superannuation administrator. Co-founders Peter Stanhope and Martin Batur, who both worked at trading ...

APRA takes next step on super data

JAMIE WILLIAMSON  |  FRIDAY, 18 FEB 2022
The prudential regulator wants to begin publishing data on all superannuation products and investment options, commencing a new consultation today. Last year APRA undertook phase one of its data transformation which saw super trustees required to provide ...