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Showing 1041 - 1050 of 1799 results for "Regulation 2015"

We're watching you, APRA warns trustees

JAMES FERNYHOUGH  |  THURSDAY, 24 OCT 2013
The Australian Prudential Regulation Authority (APRA) has warned superannuation fund trustees it will not tolerate inertia or complacency, in a clamp down that is sparking fears that the role of trustee is becoming a full-time job. Speaking to an audience ...

FPA confronts advisers with their worst nightmare

LAURA MILLAN  |  FRIDAY, 18 OCT 2013
The Financial Planning Association (FPA) has confronted advisers at the annual Conference with the case of a young disabled woman who took $800,000 to a financial planner and lost it all due to bad advice. The client became disabled after a car accident ...

Former Trio director provides enforceable undertaking

JAMES FERNYHOUGH  |  FRIDAY, 18 OCT 2013
A former director of Trio Capital, Kurt Groeneveld has provided the prudential regulator with an enforceable undertaking excluding him from acting as a superannuation trustee for three and a half years. The Australian Prudential Regulation Authority ...

MySuper authorisations creep up to 78

ALEX DUNNIN  |  FRIDAY, 18 OCT 2013
With three months to go until employers will be allowed to send superannuation guarantee contributions only to super funds that have been authorised to offer MySuper products, there are only 78 funds MySuper authorised. According to figures from the ...

Sunsuper launches MySuper fund

MARK SMITH  |  THURSDAY, 17 OCT 2013
The $24 billion Sunsuper fund has launched its MySuper product, a lifestyle fund which automatically transitions members into lower risk assets as they approach retirement. From 1 January next year, it will be compulsory for employers to pay default ...

Hockey Review to push for industry deregulation

LAURA MILLAN  |  THURSDAY, 17 OCT 2013
The Government's Financial System Inquiry will undertake "a general health check" on the industry aimed at removing regulation, Treasurer Joe Hockey said. Speaking at the American Australian Association in New York, Hockey said that the inquiry will ...

Sinodinos confirms election promises will be met

MARK SMITH  |  MONDAY, 14 OCT 2013
In his first public address since taking office the Minister reiterated Prime Minister Tony Abbot's plan to reduce red tape, promote greater competition and improve infrastructure in a bid to make Australia a more productive economy. "The cumulative ...

Get longevity risk right on DLAs, warns APRA

JAMES FERNYHOUGH  |  THURSDAY, 10 OCT 2013
Insurers planning to offer deferred lifetime annuities (DLAs) will need to demonstrate that they have rigorously factored in longevity risk, according to Ian Laughlin, deputy chair of the Australian Prudential Regulation Authority (APRA). Speaking at ...

Asset manager growth ambitions slowed by regulation

MARK SMITH  |  THURSDAY, 10 OCT 2013
Australian asset managers say their growth ambitions are being hindered by regulatory constraints and the burden of updating systems and process, according to a survey of 200 Asia Pacific managers commissioned by State Street. In a bid to improve transparency ...

Sinodinos aims at "fixing the messes" inherited from Labor

LAURA MILLAN  |  WEDNESDAY, 9 OCT 2013
Assistant Treasurer Arthur Sinodinos said that the new Government "will take responsibility for fixing the messes we have inherited" in the financial services industry. Senator Sinodinos said that he is "working hard" to implement the Coalition's election ...