Search Results | Showing 1 - 10 of 14 results for "Best Financial Interests Duty" |
| | ... concerns about APRA's effectiveness, particularly regarding perceived shortcomings in enforcing the Best Financial Interests Duty (BFID). Despite its straightforward intention, there's a worrying trend where large superannuation entities, purportedly ... |
| | | ... more for vulnerable members, while ASIC commissioner Danielle Press agreed and pointed out that the best financial interests duty actually allows for different members to be treated differently. "Vulnerability can be intrinsic or as a result of factors ... |
| | | APRA published its updated plan to reinforce the financial soundness of the banking, insurance and superannuation industries over the next four years, with few surprises on offer. The priorities in APRA's new Corporate Plan for 2022-2023 are based ... |
| | | ... superannuation products." The review will also consider concerns relating to the regulatory complexity of best financial interests duty requirements, Treasury said. The announcement is the fulfilment of an announcement made by Jones during the Responsible ... |
| | | ... making these new investments with decarbonisation in mind would actually meet trustees' members' best financial interests duty? It has long been argued, proven even, that investing in fossil fuelled assets is not in members' long-term best interests ... |
| | | ... existing reserves will be drawn on. Trustees must also justify how their approach would meet the best financial interests duty. As applications seeking judicial advice are still before the Courts, APRA notes that matters relating to the charging of trustee ... |
| | | ... campaigns reviewed have since ceased, those that continued after July 1 - when funds were subject to the best financial interests duty - are being addressed by APRA. The regulator has written to the funds, requesting they demonstrate the impact of the ... |
| | | ... address these inadequacies. Hume appeared to take a swipe at some funds when she said that under the best financial interests duty clarification within Your Future, Your Super funds will not be able to spend member money on activities that don't provide ... |
| | | ... Guide SPG 250 Insurance in Superannuation (SPG 250). APRA said the amendments aim to meet the new best financial interests duty and the reverse evidential burden of proof, recently implemented as part of the government's Your Future, Your Super reforms ... |
| | | ... Services Council (FSC) wants superannuation funds' ESG investments to be included in the proposed Best Financial Interests Duty. The government's BFID wants super trustees to make decisions that are in best "financial" interests of their members. The ... |
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