All posts tagged "Superannuation"
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249Australia & NZAPRA to Publish Names of Worst Performing Super Funds
APRA plans to publish the names of Australia’s worst performing superannuation funds in a drive to improve investor outcomes, standards and accountability in the industry.
March 15, 2019 -
544Australia & NZAFCA Finalises Over 18,000 Complaints in Four Months
Australia's four months old 'one stop shop' for financial services dispute resolution has finalised 18,390 complaints, yielding more than A$54mn in awards to consumers and small businesses.
March 9, 2019 -
556Australia & NZ
APRA Unveils 2019 Policy Agenda in New Paper
Much of the focus will be on lifting industry standards on governance, remuneration, and the management of non-financial risks, said APRA chair Wayne Byres.
March 4, 2019 -
495Australia & NZASIC Finalises HSBC’s 2016 Enforceable Undertaking
Under HSBC Australia's remediation programme, the bank offered about A$690,000 in compensation to 104 clients who may have received inappropriate advice.
February 22, 2019 -
516Australia & NZASIC Issues Update on Implementation of Hayne Recommendations
ASIC is considering over 40 enforcement cases, a number of which involve misconduct by large financial institutions, their employees or subsidiary companies.
February 20, 2019 -
426Australia & NZ
Senate Passes Bill Empowering ASIC to Pursue Harsher Penalties
The bill increases the maximum prison penalties ASIC can pursue to 15 years, and raises the caps on civil penalties for individuals and corporations.
February 15, 2019 -
448Australia & NZ
APRA Issues Update on Implementation of Hayne Recommendations
APRA details the work already underway to implement the Recommendations and confirms it is examining the 12 matters referred by the Royal Commission.
February 12, 2019 -
290Australia & NZ
Productivity Commission Identifies Structural Flaws in Super Sector
Superannuation members could benefit by an estimated A$3.8bn if two main structural problems were fixed, says the Productivity Commission in a new report.
January 11, 2019 -
250Australia & NZ
ASIC Consults on Fee, Cost Disclosures at Super, Managed Funds
ASIC proposes new disclosure norms for superannuation and managed investment funds to boost transparency and comparability between funds.
January 10, 2019 -
480AML / KYCAUSTRAC Publishes AML/CTF Guidance for Superannuation Sector
While superannuation is not traditionally associated with financial crime exploitation, AUSTRAC's risk assessment has rated the sector as medium risk.
December 17, 2018
