SUPERANNUATION

People & Products

Margaret Cole will oversee APRA’s superannuation activities, while deputy chair, Helen Rowell, will now be responsible for general, life and private health insurance....

Superannuation

The failure of superannuation funds could become a self-fulfilling prophecy if the Australian Prudential Regulation Authority inappropriately applies the proposed superan...

Superannuation

The rollout of the COVID-19 vaccine in Australia has allowed superannuation funds to continue to enjoy the continued market recovery, according to SuperRatings....

Superannuation

The Your Future Your Super reforms shift a reference portfolio from “being usefully operational to being detrimentally behavioural”, the Thinking Ahead Institute believes...

Superannuation

Along with a benchmark test, the superannuation performance test should also have an independent assessment by a panel of industry experiences, the chairs of major super ...

Policy & Regulation

Superannuation funds would rather see unclaimed remediation money directed away from charities and consumer groups and towards client’s superannuation accounts via the AT...

Superannuation

The Government’s Your Future Your Super superannuation performance test needs a collection of multiple metrics rather than a single metric based on a narrow assessment of...

Superannuation

The superannuation fund performance test needs to test every super product, not just MySuper products, to avoid underperforming funds escape scrutiny, according to a supe...

Superannuation

While much attention was focused on other elements of its Your Future Your Super legislation, the Government has moved at the same time to impose key obligations with res...

Superannuation

Industry superannuation funds want the Government’s new Your Future Your Super legislation referred to a Senate Committee claiming it creates an unprecedented over-reach ...

Superannuation

Members of Parliament earn more super in one term than many retirees can expect to earn during their working lifetime, according to Shadow Minister for Financial Services...

Superannuation

The first month of 2021 has marked the 10th consecutive month of gains for superannuation funds, according to SuperRatings....

Financial planning

The Australian Securities and Investments Commission has declared its support for the provision of good quality limited advice while rebutting Government back-bench sugge...

Policy & Regulation

Major financial services groups are urging the Government to provide incentives for people to top-up their superannuation but there are concerns that a lack of detailed r...

Policy & Regulation

On the eve of a major superannuation conference, the Australian Securities and Investments Commission has reminded superannuation fund trustees the degree to which they w...

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

4 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

3 weeks 5 days ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 1 day ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

2 weeks 4 days ago