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ASIC
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...
Superannuation
A fund member has raised concerns about HESTA’s representations of its climate credentials and engagement strategy, which may amount to misleading and deceptive conduct. ...
Superannuation
The corporate regulator’s review of 12 superannuation trustees found all but one failed to ensure their practices or disclosure aligned with their obligations in dealing ...
Superannuation
ASIC is today hosting its Indigenous Super Summit to allow the superannuation industry to discuss opportunities and challenges when First Nations people engage with their...
SMSF
The registrations of 29 self-managed superannuation fund auditors have been cancelled for failing to lodge annual statements....
Superannuation
A property developer has been charged with fraud for misappropriating funds withdrawn from investors’ super funds and savings accounts to invest in a Queensland developme...
Superannuation
The corporate regulator has issued its first interim stop order on a superannuation product under the design and distribution obligations. ...
Superannuation
AMP Life and AMP Financial Planning have been issued a $24 million penalty by the Federal Court in relation to charging deceased clients for insurance and financial advic...
Insurance
The Federal Court has ordered MLC Limited pay a $10 million penalty for failing to pay promised benefits, resulting from a lack of appropriate systems to administer its i...
Superannuation
Minister for Financial Services, Stephen Jones, has reiterated his support for the superannuation performance test and explained the importance of cracking down on greenw...
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 ...