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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...
Policy & Regulation
The legislation to set up the Financial Regulator Assessment Authority has passed to assist the corporate watchdog’s new chair to ensure the Australian Securities and Inv...
Superannuation
A second stage as part of the super test benchmark is needed to avoid relying on automation which could create issues similar to that of the Robodebt saga, according to t...
Policy & Regulation
The prudential regulator is unlikely to make any findings on the political appropriateness of advertising from super funds but may recommend a follow-up inquiry....
Superannuation
The Australian Prudential Regulation Authority will start collecting data on annual payments to industry associations by registrable superannuation entities from 1 July, ...
Life/Risk
While individual disability income insurance products recorded a loss of $0.3 billion over the year to end March, 2021, this was a $1.1 billion improvement on last year’s...
Superannuation
Super funds have been warned by the Australian Prudential Regulation Authority that a single serious accusation of misconduct when it comes to risk management is a pruden...
Policy & Regulation
A Parliamentary Committee has found that the Hayne Royal Commission failed to adequately scrutinise industry superannuation fund structures and the Australian Prudential ...
Policy & Regulation
The Government’s attempts to give itself a brake on industry funds investment decisions appears headed for significant amendment in the Senate. ...
Life/Risk
Life insurers are not yet out of the woods on disability income insurance and should remain under scrutiny by the Australian Prudential Regulation Authority, according to...
Superannuation
The Australian Prudential Regulation Authority has raised eyebrows by revealing the degree to which it wants to influence which funds merge with which. ...
Superannuation
Choice superannuation funds have been placed on notice that unless they look to their fees and investment performance they are at risk of being painted red on the heatmap...
Policy & Regulation
While the other regulators grew their staff numbers, the Budget papers point to a net loss for ASIC. ...
Tools & guides
This year’s Federal Budget brought in numerous changes to superannuation including making contributions and managing retirement income streams, writes Tim Howard and Neil...
Funds management
IOOF’s bid to acquire MLC, including NULIS Nominees, has been approved by the prudential regulator, and is working towards a completion date of 31 May, 2021....
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Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...