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regulation
Insurance
The Financial Services Council has called on financial institutions to improve their response time to incidents, saying that action was urgently needed if they were going...
Superannuation
The Australian Taxation Office will start issuing excess transfer balance cap determinations to taxpayers with over $1.6 million in their super in the pension phase....
Funds management
Australian Prudential Regulation Authority chairman, Wayne Byres, has warned of the risks of banks and other financial institutions becoming unduly reliant on unregulated...
Superannuation
Most financial planning groups may have signed up with the new Australian Financial Complaints Authority, but superannuation funds appear to be dragging their feet....
Insurance
The Royal Commission has pointed to flaws and inconsistencies in the regulatory environment around life insurance, including that there is no penalty capable of being imp...
SMSF
Amid continued debate over the Government’s triennial auditing proposal for SMSFs, the SMSF Association has warned that the change would not produce significant cost savi...
Superannuation
AustralianSuper has defended its financial backing of Industry Super Australia’s ‘fox in the henhouse” advertising campaign arguing that superannuation funds have a right...
SMSF
The self-managed superannuation fund sector fears that the Government’s three-yearly audit proposal will compromise compliance quality and unduly burden the ATO, SuperCon...
Superannuation
The Australian Prudential Regulation Authority has confirmed it is reviewing its actions against IOOF and Colonial First State in light of testimony given to the Royal Co...
Superannuation
As the super industry faces both structural change and increased regulatory scrutiny, trustees may need to turn to third parties to help provide quality service, AFRM Cla...
Funds management
New research conducted by RBC Investor and Treasury Services has confirmed that regulation is the big challenge facing asset managers....
Superannuation
Royal Commission questions regulatory capability of both the Australian Securities and Investments Commission and the Australian Prudential Regulation Authority where sup...
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 ...