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Showing 1 - 10 of 54 results for "Committee members"

Inquiry rips into Diversa: 'All profit, no responsibility'

KARREN VERGARA  |  MONDAY, 7 SEP 2026
... regarding the fund's growth and relied on research reports that are widely accepted across the industry. Committee members challenged the adequacy of those processes, noting that rival platform Netwealth has already acknowledged deficiencies in its ...

Federal Court lifts Merhi's travel ban

KARREN VERGARA  |  MONDAY, 13 JUL 2026
... since February 2025. ASIC recently took action on former Keystone Asset Management directors and compliance committee members who put Australians' superannuation at risk by investing scheme funds in related entities and third parties without proper safeguards. ...

ASIC sues three Keystone Asset Management directors

KARREN VERGARA  |  FRIDAY, 26 JUN 2026
... interest involving Chiodo and Frolov. ASIC is also suing Frolov and Jeremy Danon, who were former compliance committee members of Shield, for allegedly failing to meet their obligations. "We allege hundreds of millions of dollars of superannuation was ...

Treasury to reform managed investment scheme governance

KARREN VERGARA  |  TUESDAY, 10 FEB 2026
... for auditors of compliance plans, while REs should notify ASIC of the appointment, removal or resignation of committee members. This is in addition to increasing ASIC's data collection powers on the retail MIS sector and forcing superannuation trustees ...

Macquarie suffers first strike on pay package

KARREN VERGARA  |  FRIDAY, 25 JUL 2025
... conditions imposed earlier this year by ASIC on Macquarie Bank. There were remuneration impacts for several executive committee members and others, and these impacts also incorporated incentives for all senior executives to resolve the issues." This ...

Trustee valuation processes 'concerning': APRA review

JAMIE WILLIAMSON  |  TUESDAY, 17 DEC 2024
... capability or capacity of those boards. "Overall, APRA observed the need for greater inclusion of independent committee members with specialist knowledge concerning individual unlisted asset classes," APRA said. "In some cases, members of committees ...

Super account advice fees a sticking point for advice bill: Senate inquiry

KARREN VERGARA  |  FRIDAY, 21 JUN 2024
... information that will confirm the extent to which the advice relates to the member's interest in the fund. Committee members and senators Andrew Brag and Dean Smith said the proposed changes to s99FA fails to achieve the aim of the QAR and that the ...

Industry Super Australia names new chair

ELIZABETH FRY  |  WEDNESDAY, 19 JUN 2024
... industries and is a well-known expert in marketing strategy in superannuation. "Umberto was also one of the initial committee members for the development of the very first Compare the Pair campaign and was instrumental in building the core collective ...

Two more executives leave Morningstar

ELIZABETH FRY  |  THURSDAY, 21 MAR 2024
Morningstar has confirmed the departure of two longstanding executives from the manager research side of the business - Tim Wong and Justin Walsh. It is understood that Wong - who oversaw fixed income strategies - is set to join former colleague Tim ...

The evolution of governance structures

CASSANDRA BALDINI  |  WEDNESDAY, 30 AUG 2023
... outside the formal meeting processes, touching base." Likewise, she mentioned that supporting interaction between committee members and the investment management team is promoted. "It's very usual practice for one committee member to be working with ...
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