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Showing 1 - 10 of 20 results for "Andrew Leigh"

Common ownership concerns redundant: AustralianSuper

ANNABELLE DICKSON  |  MONDAY, 20 SEP 2021
... company have their own obligations to act in the best interest of the company," Silk said. The committee's deputy chair Andrew Leigh raised concerns that common ownership could be appointing fund managers who want to enjoy "the cushy life" rather than ...

ASIC urged to act on common ownership

KARREN VERGARA  |  FRIDAY, 10 SEP 2021
... different in the way it does it, and very few actually hand all of their voting powers to a single entity," she said. MP Andrew Leigh said the Hayne Royal Commission criticised ASIC for being slow to act on emerging issues. "I worry that on common ownership ...

Tim Wilson grills NAB on super ownership

ELIZABETH MCARTHUR  |  THURSDAY, 9 SEP 2021
... Over the last eight years, McEwan said, there has only been a slight change to the ownership mix of NAB shares. MP Andrew Leigh asked about conversations with Vanguard and BlackRock and the bank, but McEwan said the conversations with these large shareholders ...

Super, ASIC beneficiaries of advice challenges: Hearing

JAMIE WILLIAMSON  |  FRIDAY, 30 JUL 2021
... do have an accessibility issue," Jacobsen said. When the discussion turned to remuneration, committee deputy chair Andrew Leigh asked how life insurance commissions differ from other forms of conflicted remuneration. Jacobsen said insurance is a grudge ...

Future Super, Verve accused of misleading members

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 FEB 2021
... Corporation chair Lindsay Tanner referred to Verve and Future Super as "promoters" of Diversa funds. This prompted Labor MP Andrew Leigh to liken the funds to "giant SMSFs" and question their marketing spends. However, Tanner defended Diversa's business ...

Industry fund called out over board diversity initiatives

KARREN VERGARA  |  THURSDAY, 17 DEC 2020
... which 60% are women, was grilled at a Standing Committee on Economics hearing into superannuation in November by MP Andrew Leigh, who questioned why board diversity initiatives take a backseat. APRA's June 2020 fund level superannuation statistics ...

Mercer restructures fees, asset allocation

KARREN VERGARA  |  TUESDAY, 1 DEC 2020
... for three months in response to regulatory changes and investments in member services. The changes come after MP Andrew Leigh and deputy chair of a recent super inquiry pulled up Mercer chief executive for Australia and Pacific zone leader David Bryant ...

Retail superannuation funds grilled on member priorities

KARREN VERGARA  |  TUESDAY, 24 NOV 2020
... ticket clipping and maximising the bottom line above putting the interests of members first. Deputy chair and MP Andrew Leigh broached the notion: "How does a for-profit fund adhere to the best financial interests duty? This is straightforward for an ...

ASIC chair steps aside pending pay review

JAMIE WILLIAMSON, KANIKA SOOD, ELIZABETH MCARTHUR  |  FRIDAY, 23 OCT 2020
... ASIC and its vital purpose to build a fair, honest and efficient financial system for all Australians." Labor MP Andrew Leigh asked what the rationale was behind Shipton stepping aside but not Crennan. Crennan responded that he has offered to repay the ...

ERS sees Cbus members forfeit TPD cover

ANNABELLE DICKSON  |  FRIDAY, 11 SEP 2020
... concept of preservation is essential to creating a long, higher balance at retirement." Deputy chair of the committee Andrew Leigh questioned how Cbus members would be affected if the legislated 12% increase to the super guarantee does not come to fruition. ...
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