Search Results | Showing 1 - 10 of 13 results for "Best Financial Interest Duty" |
| | | ... business-related expenses. The regulator's changes seek to align expenditure requirements more closely with the best financial interest duty and for the retirement phase, support the retirement income covenant. The reforms will mandate trustees to justify ... |
| | | | ... stakeholders and Treasury to ensure that members get the best possible outcomes." Super funds' Best Financial Interest Duty obligations will remain as is. "Ultimately every dollar spent will have an impact on member fees, which in turn directly impacts ... |
| | | | ... reforms, which were carefully devised to ensure super funds invest members savings according to the best financial interest duty. Earlier this week, a spokesperson for assistant treasurer and minister for financial services Stephen Jones told Financial ... |
| | | | ... members, with the Conference for Major Super Funds being told that doing so would be a breach of the best financial interest duty is a myth. AIST senior manager, policy David Haynes said super funds could and should be doing more for vulnerable members ... |
| | | | ... chastised Jones for protecting underperforming super funds and for him signalling the gutting of the best financial interest duty. "The Labor government has no plan and no policy to improve member outcomes," Bragg settled. Nevertheless, Mercer senior ... |
| | | | ... 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 ... |
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