Louise du Pre-Alba has left her role as senior executive leader - super funds at the Australian Securities and Investments Commission (ASIC), an ASIC spokesman has confirmed.
There have recently been structural refinements of stakeholder groups at the watchdog, including a merger of the investment management and superannuation groups.
Du Pre-Alba managed a number of ASIC Superannuation Choice projects and also worked on recommendations leading to the Safety in Superannuation legislation, including superannuation trustee licensing by the Australian Prudential Regulation Authority (APRA), according to ASIC.
Australian retirees could increase their projected annual incomes between 3 and 51 per cent by incorporating personal and household data into their retirement income strategies, according to new research.
The best interests duty and new class of adviser didn't make the cut for the pre-election DBFO draft bill; however, ASFA has used its submission to outline what it wants to see from the final package.
The peak body stressed that the proposed financial advice reforms should “pass as soon as possible” and has thrown its weight behind super funds providing a greater level of advice.
Economists from the big four banks have all predicted the RBA to deliver another rate cut during its July meeting; however, some admit the decision will be a close call.