Editor's Choice
Fair Work ruling, ASIC put offshoring arrangements on notice
|Fair Work Australia's (FWA) recent ruling in favour of a Philippines-based worker to bring an unfair dismissal case against the former employer could serve as a warning for financial services firms who rely on offshoring, as the corporate regulator also flexes its muscle on these arrangements.
AFCA names and shames in fresh Datacube release
|AFCA has completed its latest update of the Datacube, which makes data on complaints publicly accessible to consumers and financial firms.
Fiji super fund picks Northern Trust for custody
|Northern Trust will become custodian for the $6.5 billion Fiji National Provident Fund (FNPF).
UK to follow Australia's lead in creating megafunds
|In what's considered the most significant reforms to the UK retirement sector in decades, the defined contribution schemes of 86 administering authorities will be consolidated and their assets pooled to create megafunds.
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Featured Profile
Peter Worn
JOINT MANAGING DIRECTOR
FINURA
FINURA
As the co-founder and joint managing director of Finura Group, Peter Worn has built a stellar resume educationally and professionally. But it was overcoming a personal struggle that he's most proud of. Karren Vergara writes.
The combination of the 1 Jan 2017 Centrelink taper for the asset test, plus the $500,000 lifetime non-concessional super cap sends a clear message that the Govt wants to penalise retirement saving, or simply make it more difficult. So many people won't, therefore, get ready for a massive blowout in the Centrelink Age Pension over the next decade once couples get to work rearranging their financial affairs to collect the full age pension, rather than just receiving a partial age pension that will end on 31 Dec 2016.