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Chester eyes ASIC chair roleBY KARREN VERGARA | FRIDAY, 19 MAR 2021 12:43PM
ASIC deputy chair Karen Chester has confirmed that she wants to be considered for the role as chair of the corporate regulator, taking over from James Shipton who will step down as soon as the right candidate is announced.Read more: ASIC, AUSTRAC, James Shipton, Karen Chester, Australian Banking Association, Australian Border Force, Australian National Audit Office, Daniel Crennan, Nicole Rose, Westpac
In a year the average fund posted over 18% in returns, CommBank's Essential Super was the top one-year performer.
Superannuation funds can expect their results in the first performance test by August 31 under the new Your Future, Your Super reforms, according to an APRA letter sent Friday.
The Federal Court found that RI Advice Group's failure to provide rigorous oversight over a former financial adviser resulted in bad advice to consumer detriment.
Member of Parliament Tim Wilson will lead the charge to determine if big super's domination over the Australian sharemarket is stifling competition.
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