ASIC has accepted enforceable undertakings from Westpac and ANZ to address inadequacies with their wholesale FX businesses....
Commbank’s not-for-profit staff fund outperformed by 2.8 per cent per year on one of the largest retail super funds it recommended to customers, according to ISA....
While banks and other retail sectors have been subjected to extraordinary public scrutiny, conflicts and self interest could be found in the APRA-regulated super spectrum...
APRA has signalled it wants more powers while confirming it is examining a number of trustees for 'material shortcomings'....
Bundling of super and cross-selling by banks may amount to third-line forcing, according to Industry Super Australia....
Industry Super Australia claims the major banks are switching customers into under-performing super funds via direct sales tactics....
Banks who cross-sell superannuation with other products should be subject to a ‘better off’ test, according to Industry Super Australia....
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 ...