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Showing 1 - 10 of 100+ results for "Danielle Press"

ASIC pushes super governance improvements

ELIZABETH MCARTHUR  |  WEDNESDAY, 6 APR 2022
... governance is integral to maintaining consumer trust and confidence in the superannuation industry," ASIC commissioner Danielle Press said. "This is not something you can set and forget. Trustees must have conflict management arrangements in place that ...

ASIC sets out limited advice expectations

KARREN VERGARA  |  THURSDAY, 2 DEC 2021
... INFO 267 sets out more details about complying with the best interests duty and other rules. ASIC commissioner Danielle Press said: "ASIC recognises that many consumers prefer to seek limited and specific advice rather than comprehensive advice. We also ...

ASIC reviews super calculators

KARREN VERGARA  |  FRIDAY, 19 NOV 2021
... flexibility to trustees to tailor forecasts based on their members' investment strategies. ASIC commissioner Danielle Press said superannuation calculators and retirement estimates can help consumers think ahead about what role their super can play ...

ASIC outlines ROA guidance

ANNABELLE DICKSON  |  FRIDAY, 5 NOV 2021
... will provide clarity and certainty to financial advisers about when and how they can use ROAs," ASIC commissioner Danielle Press said. "ASIC is committed to supporting the advice industry in its efforts to ensure everyday Australians can access quality ...

Super executives switching options in conflict: ASIC

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 OCT 2021
... conflict, resulting in a lack of restrictive measures and oversight to adequately counter this risk," ASIC commissioner Danielle Press said. "This is very concerning given the level of sophistication and governance required of trustees when managing ...

Former Spectrum chief cops additional bans

KARREN VERGARA  |  WEDNESDAY, 20 OCT 2021
... contributed to that culture by occupying senior roles in which he did not perform as was required. ASIC commissioner Danielle Press said the decision is a clear reminder to officeholders that they cannot disclaim responsibility for their regulatory obligations ...

ASIC eyes employee super fund choice

KARREN VERGARA  |  MONDAY, 18 OCT 2021
... its requirements and may consider action where misconduct causing consumer harm is identified. ASIC commissioner Danielle Press said it is important that employers do not take steps that are inconsistent with laws designed to promote good choices by ...

ASIC urged to act on common ownership

KARREN VERGARA  |  FRIDAY, 10 SEP 2021
... has been minimal. In discussing the issue of proxy voting and the approaches super funds take, ASIC commissioner Danielle Press said each trustee will have different ways of voting, some will hand it to a proxy adviser or to the investment manager, and ...

Super funds not ready for IDR

ELIZABETH MCARTHUR  |  FRIDAY, 3 SEP 2021
... their complaint will be heard within a reasonable timeframe, and they will be treated fairly," ASIC commissioner Danielle Press said. "How superannuation trustees treat complainants, and learn from complaints, is a true indicator of whether their funds ...

Westpac cops $10.5m fine

ANNABELLE DICKSON  |  TUESDAY, 24 AUG 2021
... superannuation products. In doing this, Westpac failed to act in the best interests of their customers," ASIC commissioner Danielle Press said. "Consumers' decisions about their superannuation are significant long-term financial decisions affecting ...
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