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Status quo not option for remuneration: APRABY ELIZA BAVIN | THURSDAY, 20 FEB 2020 11:54AM
APRA chair Helen Rowell used her speech at an Australian Institute of Company Directors breakfast to push the ongoing need for accountability in financial services and said APRA plans to push ahead with its draft remuneration plan despite harsh criticism.
Read more: APRA, Remuneration, Helen Rowell, Australian Institute of Company Directors, Royal Commission
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The earlier than expected easing of restrictions in Australia that defrosted social and commercial activity has had its desired effect - rebounding business conditions and confidence, and the feared one - a second wave.
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Around 300,000 Australians lodged their second application to access their super early at the start of the new financial year.
Spaceship chief executive Andrew Moore says its managed investments business has been the "single, strongest" source of growth for its $300 million superannuation fund.
Nine industry funds are working with Frontier Advisors to probe new longevity risk products for retiree members, which could include tweaking account-based pensions.
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