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Reforms will strengthen retirement advice: Experts

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2024
... journey will include an APRA-regulated fund and in some cases it might even include the [both]," she said. Financial Standard is the official media partner of the 2024 SMSF Association National Conference.

Aussies do not underspend in retirement, say super funds

JAMIE WILLIAMSON  |  WEDNESDAY, 21 FEB 2024
Australians are not underspending in retirement and are typically exhausting all their savings, research shows, sparking a call for advice reforms to be expedited, allowing contributions to be made in retirement, and no mandated use of annuities by ...

APRA proposes updated operational risk financial requirements

ANDREW MCKEAN  |  TUESDAY, 20 FEB 2024
... released a discussion paper on potential changes to operational risk financial requirements which are set out in Prudential Standard SPS 114 Operational Risk Financial Requirement (ORFR). The essence of the revisions was to ensure RSE licensees can better ...

Conference to address major SMSF issues

KARREN VERGARA  |  TUESDAY, 13 FEB 2024
... will be held at the Brisbane Convention and Exhibition Centre (BCEC) between February 21 and 23. Heffron told Financial Standard that APRA-regulated super funds have experienced a lot of regulatory and legislative interference in the last couple of years. ...

AustralianSuper calls for an 'account for life'

ANDREW MCKEAN  |  MONDAY, 12 FEB 2024
... which not only build the adequacy of their savings but also their confidence to spend these savings to improve their standard of living during retirement. "We need to work together to ensure we don't wait another generation to ensure all Australians ...

Highest paid industry super executives revealed

ANDREW MCKEAN  |  FRIDAY, 9 FEB 2024
Australia's highest paid industry super executives have been revealed in an analysis obtained by Financial Standard. AustralianSuper chief investment officer Mark Delaney was the top earner, receiving over $2 million in total compensation, according ...

SIX launches share platform

RACHEL ALEMBAKIS  |  FRIDAY, 9 FEB 2024
A former co-founder of Future Super has launched Sustainable Investment Exchange (SIX), a share trading platform that combines activism and investing. SIX is co-founded by Adam Verwey, a former co-founder of Future Super, and Sophie Hall, an experienced ...

Advice reforms can solve retirement income challenges

KARREN VERGARA  |  FRIDAY, 9 FEB 2024
Opening up superannuation funds to more comprehensive financial advice could help solve some of the retirement income challenges Australians face, according to the Actuaries Institute. In its submission to the Retirement Phase of Superannuation consultation ...

ASIC chases 757 adviser registrations

KARREN VERGARA  |  FRIDAY, 9 FEB 2024
... manager policy of advocacy and standards at the Financial Advice Association Australia (FAAA), told a recent Financial Standard podcast that the most important aspect about the new regime is that advisers cannot provide advice beyond that deadline. This ...

Cbus appoints head of stewardship

ANDREW MCKEAN  |  WEDNESDAY, 7 FEB 2024
... proxy voting across multiple European markets and served as a director of operational risk. BlackRock informed Financial Standard that its head of sustainable and transition solutions for APAC, Emily Woodland, is assuming interim responsibilities previously ...