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regulation
Insurance
The Australian Prudential Regulation Authority has sent group insurers a cautionary letter over their increased use of offshore reinsurers....
Superannuation
Legislation that passed the Senate last week could see the fees slashed to less than three per cent on five million superannuation funds, with AMP, Hostplus, and ANZ OneP...
Superannuation
The Financial Services Council has welcomed the Senate’s passage of superannuation bills which will reduce fees charged on low balance MySuper accounts....
Superannuation
The Federal Government has succeeded in substantially passing legislation which will significantly curtail the ability of superannuation funds to use corporate hospitalit...
Financial advice
The Australian Securities and Investments Commission has been handed tougher penalties with which to pursue people referred to it by the Royal Commission....
Post retirement
The Actuaries Institute has backed the legislative changes requiring superannuation funds to develop retirement income strategies for their members from 1 July, next year...
Superannuation
AMP Limited has acknowledged a multi-million impact flowing from the Government’s legislative changes to superannuation including transferring 370,000 low balance account...
Superannuation
Superannuation funds will likely struggle to meet the Government’s 1 July implementation date for its new superannuation legislation....
Superannuation
A key industry body has advocated for a spousal rollover measure for super fund members to allow couples to even out their balances to try to minimise the gender retireme...
Superannuation
Industry Super Australia has called on politicians to put super fund members’ interests above politics in Parliament this week and debate and pass proposed laws to improv...
Superannuation
The Australian Prudential Regulation Authority has pointed to the need for legislative change before it can act on some of the key recommendations of the Royal Commission...
Financial advice
Industry superannuation funds have welcomed the Royal Commission’s final report, but financial planning groups are concerned about the outcome for their members....
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 ...