Search Results | Showing 1 - 10 of 65 results for "Sole Purpose Test" |
| | ... other issues identified included an over-reliance by trustees on testimonies that the advice received met the sole purpose test and that the use of fee labels in communications to members may not be clear. Over the 12-month period, four trustees did ... |
| | | ... There was a limited scope to the type of advice that could be provided and collectively charged because of the Sole Purpose Test. And these people could become, over time, the next generation of financial advisers and planners," Abood said. "However ... |
| | | ... the fund achieves its investment objectives, achieves competitive investment returns all while satisfying the Sole Purpose Test as required by the Superannuation Industry (Supervision) Act. "ESG and sustainability principles are a rapidly evolving part ... |
| | | ... of their members," she said. Meanwhile, APRA has decided to retire its 20-year-old guidance curricular on the Sole Purpose Test for superannuation trustees. "The circular was designed more than 20 years ago for a larger number of less sophisticated trustees. ... |
| | | ... stakeholders don't seem to understand that the task of a super fund is first and foremost to satisfy the Sole Purpose Test, deliver investment returns and look after the financial interests of their members." Dunnin added the task of a super fund ... |
| | | ... and financial services Natasha Panagis suggested that the true purpose of super can be found in the existing sole purpose test. "The core objective of superannuation is better captured by the sole purpose test which simply requires that superannuation ... |
| | | ... breach the restrictions on the early release of super, but it also resulted in their SMSFs not satisfying the Sole Purpose Test. "Mr Simeone's conduct demonstrated he was not adequately trained or competent, was not a fit and proper person and was ... |
| | | ... came from his lack of understanding of the value of financial advice and a tight view of the application of the Sole Purpose Test." AFA added the call for the banning of life insurance commissions is equally based upon flawed logic and its removal would ... |
| | | ... implements ESG principles; and performance, or whether the fund achieves its investment objectives and satisfies the Sole Purpose Test. "Funds have clearly stepped up how they are trying to explain their ESG implementation," Rainmaker executive director ... |
| | | ... each new member. The promotion sparked some criticism from the industry, with concerns it conflicted with the sole purpose test. Last month, ASIC announced it would take part in worldwide work on the changing landscape of retail trading markets as part ... |
|