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ASIC
Superannuation
ASIC has stated delays in super complaints of up to two years are a priority issue for them after AFCA reported a 135 per cent rise in complaints about claim handling del...
Superannuation
As it endeavours to strike a balance between implementing a clearer and simpler regulatory framework while still holding industry to account, the prudential regulator has...
Superannuation
Culminating civil proceedings that began in 2021, the Federal Court has found Diversa Trustees did take reasonable steps to ensure its representatives complied with finan...
Superannuation
A roundtable of super fund chief executives has shared their views on the Retirement Income Covenant and its progress with the prudential regulator. ...
SMSF
The corporate regulator’s crackdown on SMSF auditor misconduct continued in the third quarter, with ASIC taking action against 11 auditors who were all referred by the Au...
Superannuation
The regulators have published an information package as they commence joint administration of a new Financial Accountability Regime, which passed in Parliament in Septemb...
Superannuation
APRA has announced plans to strengthen guidance for trustees to enhance member outcomes for superannuation. ...
Superannuation
ASIC has sued the trustee of AustralianSuper, alleging failures by the fund to address 90,000 multiple member accounts for a decade at a cost to members of $69 million....
Superannuation
Parliament has passed the Financial Accountability Regime, a recommendation from the Hayne royal commission, which will impose stronger accountability on super trustees....
Financial advice
ASIC has commenced “urgent proceedings” in the Federal Court of a former Sydney financial adviser regarding fees charged to clients' superannuation....
Superannuation
The regulator failed to overturn a Federal Court finding that the Commonwealth Bank of Australia and Colonial First State did not receive “conflicted remuneration” benefi...
Expert Analysis
A joint APRA-ASIC report has taken aim at super funds’ Retirement Income Covenant strategies. The answers involve a tech upgrade to offer more tailored support, says Andr...
From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...
Super director remuneration ...
No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...