All posts tagged "Superannuation"
-
326Australia & NZAustralia Drafts Laws on 22 Royal Commission Recommendations
The draft legislation is aimed at enhancing protections for consumers and small businesses, and strengthening the role of ASIC and APRA.
February 3, 2020 -
445Australia & NZAPRA Publishes Strategic Priorities for the Year Ahead
Chairman Wayne Byres says publishing APRA's policy and supervision priorities supports the regulator's commitment to greater transparency and accountability.
January 31, 2020 -
514Australia & NZNAB Units Face Class Action for Mismanaged Superannuation
The case will focus on NAB's alleged failure to transfer A$6.3mn of accrued default amounts to MySuper in a timely fashion, as required by law.
January 27, 2020 -
639Australia & NZAustralia Proposes Broad Extension of Financial Accountability Regime
FAR will replace BEAR and apply to insurers, superannuation entities, financial holding companies and eventually ASIC licensees, with higher penalties for breaches.
January 24, 2020 -
532Australia & NZASIC Bans Ex-AMP, NAB Adviser for Four Years
An ASIC review of advice files found a failure to make sufficient inquiries into client circumstances and existing financial products when providing advice.
January 9, 2020 -
312Australia & NZ
APRA Issues 2nd Consultation Package on Superannuation Data Collection
APRA has released two topic papers addressing the most urgent gaps in its data collection, particularly for choice products and investment options.
December 24, 2019 -
267Australia & NZ
ASIC Urges More Progress to Improve Insurance in Superannuation
ASIC has observed improvements by a "significant number of trustees" as a result of the industry’s implementation of the Insurance in Superannuation Voluntary Code of Practice.
December 18, 2019 -
542Australia & 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 -
300Australia & NZ
APRA 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 -
293Australia & NZ
ASIC 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
