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LIBOR phased out by year endBY ELIZABETH MCARTHUR | FRIDAY, 4 JUN 2021 12:48PM
Australian regulators expect institutions to cease the use of LIBOR in new contracts before the end of 2021.Read more: ASIC, USD LIBOR, APRA, ANZ, Cathie Armour, Christopher Kent, Derivatives Association, Financial Stability Board, International Swaps, London Interbank Offered Rate, Reserve Bank of Australia, Royal Bank of Scotland
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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