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|Most employers and super funds are complying with superannuation guarantee (SG) obligations, but latest ATO data shows there are still some breaching SuperStream standards.|
|Australian Institute of Superannuation Trustees president David Smith is leaving his post after a two-year term and a board director has climbed up to the fill the presidency.|
|The SMSF Association has welcomed the introduction of a new ATO tool designed to help SMSF trustees and advisers remain compliant with new regulations.|
|The life insurance industry is failing to prove it can self-regulate via its two "deficient" codes, according to Maurice Blackburn Lawyers' submission to the banking Royal Commission.|
|One of Australia's largest industry superannuation funds has rebranded as part of its renewed focus on customer service.|
|Australia's largest financial institutions still remunerate senior executives in a way that encourages risk-taking and undermines long-term financial health - but RSE licensees may be doing a better job than their peers, APRA said today.|
|An $89 billion industry superannuation fund is welcoming a new head of insurance.|
|APRA released its 2017 superannuation fund level statistics and it shows that of the 170 funds included in their report, less than half experienced growth in net membership.|
|Federal Revenue and Financial Services Minister Kelly O'Dwyer announced a legal expert will join Peter Kell as ASIC's co-deputy chair.|
|The Australian central bank would definitely welcome this orderly slowdown in property price growth, particularly in terms of its efforts to lessen financial stability risks in the economy.|
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In light of the Royal Commission, the Turnbull Government has increased criminal and civil penalties for corporate misconduct and boosted ASIC's surveillance powers.
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Powerwrap has confirmed it recently completed a pre-IPO capital raise to the tune of $7.5 million.
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Two Blue Sky funds have been rated "unapproved" and "low investment grade" by SQM Research after the manager conceded it had fallen short of shareholder expectations.
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The financial advice industry is grappling with a sales culture mentality and is only at the "cusp" of being a "true profession," this morning's session of the Royal Commission has revealed.
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