All posts tagged "Super Funds"
-
569Australia & NZSuper Funds Pay Out A$1.3b in First Week of Early Release Scheme
The Association of Superannuation Funds of Australia estimates that super funds may have paid out A$7.1bn in total, including the second week of the initiative.
May 4, 2020 -
910Australia & NZAustralia: Super Funds Seek Liquidity Backstop Facility
The government will allow individuals in financial stress to access superannuation savings, but may have underestimated the ability of super funds to meet withdrawals.
March 27, 2020 -
444Australia & NZASIC Takes Legal Action Against Unregistered SMSF Scheme Operators
Investors were encouraged to roll superannuation monies into a self-managed super fund to invest - by way of a loan - in an unregistered scheme operated a former AMP adviser.
December 5, 2019 -
443Australia & NZ
Superannuation Advice to Members ‘Generally Appropriate’: ASIC
ASIC’s survey of 25 superannuation funds found that close to half of them followed best interest duty rules in the provision of financial advice to members.
December 4, 2019 -
708Australia & NZ
APRA ‘Heatmaps’ to Expose Underperforming Super Funds
The heatmap is designed to emphasise underperformance, not to be used as a peer ranking mechanism or give a pat on the back to better-performing superannuation products.
November 20, 2019 -
589Australia & NZ
ASIC Offers Guidance to Help Companies Establish Whistleblower Policies
ASIC is offering guidance to help companies and implement whistleblower policies. It will be a legal requirement to have a policy in place from 1 January.
November 15, 2019 -
511Australia & NZ
ASIC Extends Deadline for Super Fund Portfolio Disclosures
The first reporting day for portfolio holdings disclosure was set for 31 December this year, but the regulations which set out how this disclosure is to be organised have not yet been made.
October 31, 2019 -
462Australia & NZASIC Wins Appeal in Westpac Super Switching Case
The ruling could limit the ability of financial services firms to market and cross-sell investment products using the 'general advice' allowance under the law.
October 29, 2019 -
759Australia & NZ
ASIC Raises Bar for Complaints Handling at Financial Firms
The proposals raise internal dispute resolution standards at financial firms, and introduce mandatory data reporting to help make complaints handling performance more transparent.
May 16, 2019 -
1.2KAustralia & NZAustralia Seeks Mandatory Carbon Risk Reporting by 2021
A green political party in Australia has announced a new policy that will make carbon risk reporting mandatory for banks, insurers, super funds and the largest listed companies in 2021.
May 10, 2019
