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TRUSTEES
Superannuation
Some 16 super RSEs are paying over $1 million to their boards of trustees, according to latest APRA data. ...
Financial planning
ASIC believes there is a “chicken and egg” situation when it comes to product development under the Retirement Income Covenant as super funds and firms are unsure if prod...
Life/Risk
The Financial Services Council has commenced operation of an enforceable standard for handling group life insurance claims in superannuation....
Superannuation
How financial advisers should be monitored by superannuation trustees is among issues raised by a regulatory thematic review of outsourcing in super....
Superannuation
Superannuation trustees have revised their policies after the Australian Securities and Investments Commission found a lack of oversight and control measures in relation ...
Financial planning
Many families are ill-equipped to handle estates after a loved one has died but there are four steps for advisers to smooth the process, according to Australian Executor ...
Superannuation
The corporate and prudential regulators have put superannuation trustees on notice that they can expect a further follow up on their advice fee practices and that they ex...
Life/Risk
Superannuation funds negotiating new group insurance arrangements will have to prove and certify that they are in the best interests of members....
Superannuation
Nine superannuation funds, three of which are not for profits, are paying their trustee directors average six figure fees, according to data published by the Australian P...
Superannuation
Seven super funds have been classifying new members as ‘smokers’ by default and over 5,000 members will receive $3.6 million in compensation....
Superannuation
During the first week of the early super release payments scheme trustees paid members $1.3 billion, according to data....
Superannuation
Legislation will be introduced next year to allow trustees to voluntarily transfer any amount of inactive low balance accounts to the tax office, spelling the beginning o...
Superannuation
In what represents further consolidation of the sector, financial technology company Sargon has announced it has acquired the Trustee Services business, comprising Divers...
Financial planning
Advisers helping clients with estate planning may need to consider more than they bargained for, with funeral plots and burial rites often causing headaches when inadequa...
Funds management
IOOF has acquired National Australia Trustees Limited in a move which gives it a dominant position in the trustee market....
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MARKET INSIGHTS
Podcast
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...
So we are now underwriting criminal scams?...