All posts tagged "Superannuation"
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247Australia & NZASIC Demands More Transparent Communications from Super Trustees
The communication strategies of some trustees may have risked confusing or misleading members about their product’s performance, ASIC said.
June 27, 2022 -
492Australia & NZ
ASIC Issues New Guidance on Prevent Greenwashing in Funds
Being ‘true to label’ is a regulatory must-have when it comes to sustainability-related products, says ASIC deputy chair Karen Chester.
June 14, 2022 -
363Australia & NZAFCA to Start Using New Funding Model from 1 July
The new user-pay model will reward good performance and early resolution while apportioning fees fairly based on the actual use of AFCA’s services.
June 2, 2022 -
481Australia & NZASX to Scrutinise ETF Labels to Tackle Greenwashing – Report
ASX will scrutinise listed instruments to ensure they are “true to label” and only list new funds that comply with ASIC’s naming requirements.
May 31, 2022 -
311Australia & NZAustralia Considers Use of Super Savings to Buy Property
The incumbent government's Super Home Buyer Scheme, seen as a play for voters, is being cricitised by the superannuation industry.
May 19, 2022 -
587Australia & NZAustralian Court Orders Westpac to Pay A$113m in Penalties
The penalties are the result of six proceedings brought by ASIC in November. Westpac had already agreed to pay the penalties and customer remediation.
April 25, 2022 -
372AML / KYCAIST Seeks Clarity on SoF, SoW Expectations for Super Funds
AIST is asking AUSTRAC to recognise that super funds are presented with lower risks than other reporting entities, and to align its expectations for SoF and SoW checks accordingly.
April 18, 2022 -
667Australia & NZWestpac Super Trustee Fined for Overcharging Commissions
On top of a A$20mn penalty, BT Funds Management will pay A$9.8mn in remediation to over 9.900 superannuation members.
April 11, 2022 -
326Australia & NZSmaller Super Funds Face Bigger Sustainability Challenges: APRA
On the whole, assets in small and medium sized super funds are declining. Large super funds can more easily spread their costs over a wider membership base.
April 11, 2022 -
375AML / KYCFSC Australia Issues Guidance on Russian Asset Divestment
The guidance is for superannuation trustees, asset managers investing superannuation capital, and asset managers operating managed schemes with super funds as investors.
April 8, 2022
