The latest issue of Financial Standard now available as an e-newspaper
|Showing 1 - 8 of 8 results for "Best Financial Interest Duty"|
|... movement of members and outflow of funds," he said. APRA will also sharpen its assessment of the best financial interest duty (BFID) so that trustees must have regard to members' financial interest first and foremost beyond other non-financial interests. ...|
|... Super bill last night, with Labor getting away with just one of the amendments on its wish list. Best Financial Interest Duty's proposal to give ministers the power to ban superannuation funds' investments was dropped. However, Labor's other proposed ...|
|... Funds.. It also wants the tests to be applied to choice products as well. Lastly, it will push for the Best Financial Interest Duty to include a materiality threshold, and to remove the directions powers. "Absolute crock, unnecessary extraordinary overreach. ...|
|... contested measures such as July 1 start date, stapling's pre-dating of performance testing, and the Best Financial Interest Duty. In the committee's final report, Labor took issue with seven main features of the Bill: power to the Treasurer to ...|
|A UNSW academic says subjecting superannuation funds to "best financial interest duty" instead of just "best interest duty" is not material, but BFID's flow-on effects will be concerning for trustees. University of New South Wales director for centre ...|
|... addressing MySuper funds' underperformance; launching the YourSuper comparison tool; and the best financial interest duty. Under the new stapling rules, the Australian Institute of Superannuation Trustees chief executive Eva Scheerlinck warned that ...|
|... from the use of fund assets have always been heavily regulated and scrutinised," he said. The new best financial interest duty is part of the government's Your Future, Your Super draft legislation package, which is causing contention across the industry. ...|
|... by the Australian Institute of Superannuation Trustees. The insertion of the word 'financial' in 'best financial interest duty' appears to be unnecessary, according to Natalie Cambrell, principal solicitor at KQH Lawyers. "Both the proposal to add the ...|
According to analysis from Openmarkets Group, on average Baby Boomers and Generation X are making money on meme stocks, while Millennials are losing money.
The chief executive of a soon-to-merge industry super fund has announced he will not seek a role within the merged fund.
Life insurer TAL launched three new offerings that aim to address fairness and sustainability of income protection products.
AMP Capital made two key appointments to its real estate team and infrastructure equity business.
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