All posts tagged "Superannuation"
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198Australia & NZAPRA Imposes Licence Conditions on CBA-owned Avanteos Investments
CBA-owned Avanteos Investments charged over 2200 deceased members adviser service fees for 15 years, resulting in a total financial impact of over A$6mn.
December 13, 2019 -
145Australia & NZAPRA Publishes Names of Underperforming Super Funds
APRA has published a colour-coded 'heatmap' to lift industry practices and enhance member outcomes by enabling comparison between superannuation products.
December 11, 2019 -
175Australia & 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 -
174Australia & 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 -
101Australia & NZ
APRA Releases Practice Guide for Super Performance Reviews
The business performance review requirement requires an RSE licensee to undertake a holistic assessment of its performance across its business operations, services and product offerings.
December 3, 2019 -
156Australia & NZAustralia Opens Consultation for Retirement Income Review
The consultation paper outlined the areas a review panel will assess to understand the adequacy, fairness, sustainability and cohesiveness of the three pillars of Australia's retirement income system.
November 27, 2019 -
243Australia & NZ
APRA Proposes Best Interests Duty for Insurance in Superannuation
Superannuation funds which use related parties to deliver insurance will need to certify that the arrangements are in the best interests of members.
November 26, 2019 -
257Australia & 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 -
336Australia & NZ
APRA Launches Superannuation Data Transformation Project
The initiative aims to drive better industry practices, enhance the consistency of reported data, and make it easier to compare fund and product performance.
November 8, 2019 -
278Australia & 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
