ASIC

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...

Superannuation

The corporate regulator has commenced its third civil penalty proceedings for alleged greenwashing, with the super fund holding investments in Russia when it had listed i...

Superannuation

With three-quarters of Australians viewing data breaches as one of the biggest privacy risks today, the amount of data requested and handled by their super fund remains a...

Superannuation

APRA is worried that it “cannot be confident” that super fund trustees are adequately implementing the Retirement Income Covenant, and work is needed on three key areas....

Superannuation

ASIC has revealed the number of its enforcement outcomes that related to superannuation misconduct in the first half of 2023, including its first interim stop orders....

SMSF

The corporate regulator has taken civil action against an unlicensed director for offering clients at least 25 unregistered property investment opportunities either perso...

Superannuation

Two unions and the Australian Council on Trade Unions have been formally warned by ASIC that its member communication around three super funds need to avoid breaching fin...

Insurance

The regulator has reached out to the Insurance Council of Australia, Council of Australian Life Insurers, and Financial Services Council about its review of over 100 TMDs...

Superannuation

Two RSE licensees are exploring digital planning services and a third is considering a digital advice tool, but the latest APRA/ASIC thematic review has suggested several...

Superannuation

One year into its implementation, a joint ASIC/APRA thematic review has found trustees need to make more progress on enhancing retirement outcomes for members under the R...

Superannuation

The corporate regulator has pulled up super trustees on their efforts to consolidate duplicate member accounts after a review found poor practices in both industry and re...

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Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

4 months 3 weeks ago
Kevin Gorman

Super director remuneration ...

4 months 4 weeks ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

4 months 4 weeks ago

The fund has announced an internal promotion to the newly created role. ...

15 hours 52 minutes ago

Increased regulatory reform and competitive pressures have meant most corporate funds are struggling to meet the scale required to survive, according to an industry profe...

16 hours ago

The final draft of the $3 million super tax legislation remains unchanged and will include the taxing of unrealised gains and no indexation....

18 hours ago