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ASIC
News
The corporate regulator has called on trustees to step up their game when it comes to member services....
Superannuation
The corporate regulator has reiterated its focus on the accuracy and clarity of sustainability representations, especially concerning superannuation and investment produc...
News
ASIC has unpacked the importance of strengthened penalties as part of its market supervision and how it determines regulatory action....
Financial advice
In its latest report, the corporate regulator says the deduction of advice fees has led to instances of “inappropriate erosion of members’ balances”....
Superannuation
The corporate regulator has shared some ‘disappointing’ findings upon reviewing the public communications of more than 20 trustees with regards to death benefits....
Superannuation
The corporate regulator has confirmed investigations are underway into member services by superannuation funds, starting with delays on death benefit claims....
Superannuation
As the merger dust settles and a raft of regulatory changes come into effect in the next 18 months, complaints management looks to be a continued challenge for super fund...
People and Products
Super Review would like to wish all our readers a Happy New Year and looks forward to bringing you all the latest news in 2024. ...
SMSF
ASIC has sentenced former director Mudasir Mohammed Naseeruddin over four years imprisonment for ‘egregious conduct’ and dishonestly obtaining client funds from six inves...
Superannuation
ASIC’s senior executive leader of superannuation and insurance Jane Eccleston believes super funds should be viewing complaints as a “canary in the coalmine” for systemic...
Superannuation
Super trustee OnePath Custodians has been ordered to pay $5 million for fees for no service misconduct, less than six months after being fined $1.4 million by APRA....
Superannuation
While ASIC still believes there is a “lack of urgency” with implementing the Retirement Income Covenant, super funds say they want to ensure their products are well-devel...
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 ...