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Showing 1111 - 1120 of 2194 results for "Framework"

Super gets an insider in ministry reshuffle

HARRISON WORLEY  |  MONDAY, 27 MAY 2019
... one regulatory regime for Financial Advisers and streamlining the Tax (Financial) Adviser requirement into the FASEA framework." The Australian Institute of Superannuation Trustees got on the front foot early, and said it would continue to strongly advocate ...

Material weakness in super funds, insurers exposed

KARREN VERGARA  |  THURSDAY, 23 MAY 2019
The numerous weaknesses exposed in APRA's prudential inquiry into the Commonwealth Bank are apparent among life insurers and superannuation funds. The prudential regulator wrote to 36 insurers, super funds and ADIs last June off the back of its ...

FCA stokes intergenerational wealth debate

HARRISON WORLEY  |  THURSDAY, 23 MAY 2019
... and competition Christopher Woolard said. "With this paper, the FCA has a specific focus on the role the regulatory framework plays in reducing barriers to intergenerational engagement with their finances. "Now is the time to step back, consider and ...

APRA flexes new muscles

HARRISON WORLEY  |  WEDNESDAY, 22 MAY 2019
APRA has invoked its new powers for the first time, directing IOOF and its superannuation entities to implement and maintain an Office of the Superannuation Trustee (OST) within the group or risk facing a financial penalty. The move comes after IOOF ...

Former Kaz Capital adviser banned

ELIZABETH MCARTHUR  |  FRIDAY, 17 MAY 2019
... conditions on Kaz Capital in January this year following concerns about the adequacy and effectiveness of its compliance framework. Those concerns included how Kaz Capital was monitoring advisers and whether it met its compliance obligations under the ...

Super fund divests companies with all-male boards

ELIZABETH MCARTHUR  |  THURSDAY, 9 MAY 2019
A growing superannuation fund has become the first to divest from every company in its portfolio that has an all-male board. Future Super has sold out of all companies that do not include a single woman on their board, saying they are not only failing ...

ACSI calls for ESG, stronger stewardship

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 MAY 2019
The Australian Council of Superannuation Investors is calling for significant reforms to Australia's framework for investment stewardship to encourage ESG integration. ACSI is asking APRA to revise its investment guidance to specifically reflect the ...

APRA amends member outcomes standard

KARREN VERGARA  |  THURSDAY, 2 MAY 2019
APRA has revised its member outcomes framework to complement the new Bill that passed in April and is now seeking consultation. Following the passage of Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures ...

APRA self-assesses shortcomings

KARREN VERGARA  |  WEDNESDAY, 1 MAY 2019
APRA is taking stock of its effectiveness since the 2013 Stronger Super reforms and flagged more improvements lay ahead for the superannuation sector. In a new information paper published yesterday, APRA said it aims to undertake a post-implementation ...

Design and distribution law set to impact property funds

ELIZABETH MCARTHUR  |  MONDAY, 29 APR 2019
... bring retail products to market." He questions whether two years is long enough to implement significant new compliance framework in the industry, especially when property fund managers already need to consider their compliance measures. The target market ...