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Showing 1051 - 1060 of 1829 results for "APRA."

Royal Commission on social media: Regulators under scrutiny

HARRISON WORLEY  |  FRIDAY, 17 AUG 2018
As the Royal Commission superannuation hearings turned onto the final straight this week, commentators took to Twitter to have their say. Hardly a surprise given the #BankingRC > "...The banking, finance and insurance sector now has the lowest Ethics ...

APRA banned one person in 10 years: Royal Commission

HARRISON WORLEY  |  FRIDAY, 17 AUG 2018
The Royal Commission heard Australia's prudential regulator has banned one person for not being fit and proper since 2008 - after the law changed requiring APRA take the matter to court. Under examination from counsel assisting Michael Hodge, APRA deputy ...

Entertainment spend retains members: Hostplus

KARREN VERGARA  |  WEDNESDAY, 15 AUG 2018
The Royal Commission has questioned whether splurging on client entertainment is in the best interest of super fund members. Hostplus chief executive David Elia took to the witness stand on the issues of substantiating corporate expenses and multiple ...

Poor systems delay MySuper transitions: CFS

KARREN VERGARA  |  WEDNESDAY, 15 AUG 2018
Operational constraints and poor systems once again took a beating at this morning's Royal Commission hearing, contributing to what Colonial First State admits was a lengthy transition of members to MySuper products. CFS executive general manager ...

CFS and a messy MySuper transition

KANIKA SOOD  |  TUESDAY, 14 AUG 2018
Colonial First State's messy MySuper transition came under the Royal Commission's lens on Tuesday. Taking the witness box, Colonial First State executive general manager Linda Elkins told the Commission CFS initially failed to transition 13,000 members ...

IOOF executives dismiss conflicts of interest

KARREN VERGARA  |  FRIDAY, 10 AUG 2018
IOOF left some superannuation members in expensive legacy products despite board members recognising conflicts of interest existed in choosing to boost revenues over meeting "community expectations." The financial services Royal Commission continued ...

One measure not enough to revoke MySuper: APRA

HARRISON WORLEY  |  MONDAY, 6 AUG 2018
The prudential regulator cautioned against the use of a sole measure to determine whether an underperforming superannuation fund should retain MySuper authorisation. In its latest submission to the Productivity Commission on superannuation's competitiveness ...

Super funds suit up for Royal Commission

KARREN VERGARA  |  MONDAY, 6 AUG 2018
The financial services Royal Commission will put Australia's $2.6 trillion superannuation system under the spotlight over the next two weeks and legal experts say a key question is whether conflicts of interest are influencing super funds and letting ...

Group insurers pressed for resources

KANIKA SOOD  |  MONDAY, 30 JUL 2018
Group insurers are finding themselves pressed for resources as they race to meet the Federal Government's July 2019 deadline to cull the default opt-ins for group insurance. MetLife head of reinsurance and regulatory affairs James Carey said the ...

The case for indexed annuity bonds

KARREN VERGARA  |  MONDAY, 30 JUL 2018
Indexed annuity bonds could be the answer to superannuation trustees meeting members' post-retirement consumption needs while fulfilling fiduciary obligations at the same time. This is according to research from The McKell Institute, which highlights ...