Senator criticises lazy super systemBY JAMIE WILLIAMSON | FRIDAY, 5 JUN 2020 12:31PMSenator Jane Hume has said the compulsory nature of superannuation allowed super funds to become lazy, creating inefficiencies in the system. She has also hinted the government will soon turn its attention back to the Productivity Commission's recommendation of a best-in-show list. Related News |
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FAAA says super trustees should stump up for CSLR
The Financial Advice Association Australia (FAAA) has called on Treasury to cut the Compensation Scheme of Last Resort (CSLR) special levy on the advice sector to zero and for superannuation trustees to stump up for the scheme.
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HESTA has named a pair of general managers, who will be joining the $107 billion super fund, joining from Aware Super and QIC.
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ASIC has issued another stop order on a PDS offering units in three registered managed investment schemes.
Life CCC spots 10.6k breaches in FY26
The Life Code Compliance Committee has published its FY26 annual report, which saw over 10,600 breaches by insurers with close to 30,000 customers affected.
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ETF Shares chief executive Cliff Man spent his career automating, building and challenging established systems. Now, he is betting that Australia's ETF market has room for something different. Vinny Vucago writes.






