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Super trustee bill before the Senate

DARREN SNYDER  |  MONDAY, 9 NOV 2015
... one group supporting the bill and its managing director and chief executive John Brogden has previously said the law will apply internationally accepted standards of governance to super funds that have yet to adopt the principle of independence voluntarily. ...

CBA embeds ESG into investment, wealth management

LAURA MILLAN  |  THURSDAY, 5 NOV 2015
... support the transition to a low carbon economy and to reduce the bank's direct environmental impacts. CBA also says it will "apply comprehensive environmental risk management frameworks to our lending and investing decisions; use our position to influence ...

ASIC changes market rules for Chi-X ETFs

ALEX BURKE  |  FRIDAY, 30 OCT 2015
... particular explanations of differences in operating rules) and "the need for a harmonised set of market integrity rules to apply to all similar markets and products." The amendments are largely clarifications following industry feedback, including the ...

Westpac to refund unwanted insurance

ALEX BURKE  |  THURSDAY, 29 OCT 2015
Westpac will refund premiums paid for insurance customers did not need following an ASIC review. Over 10,600 Westpac customers will receive notification from Westpac that they are eligible for refunds, the bank having charged them for loan protection ...

Future Fund's morphing objective

ALEX DUNNIN  |  WEDNESDAY, 28 OCT 2015
... "guardians", who have similar ethical obligations but are not bound by laws administered by the superannuation regulator APRA that apply to regular superannuation trustees. The Future Fund and the management agency that oversees it has become a highly ...

Treasurer open to all ideas on super

DARREN SNYDER  |  TUESDAY, 27 OCT 2015
... on superannuation contributions for women returning to work so they can "top up" their super. The tax cap lift would also apply to carers and other people who face lengthy disruptions to their work life. Speaking on Sydney radio yesterday, Morrison reaffirmed ...

CBA refunds $7.6 million to 8400 customers

DARREN SNYDER  |  MONDAY, 19 OCT 2015
... Commonwealth Bank (CBA) has started contacting more than 8000 customers to refund a total of $7.6 million after failing to apply fee waivers and ongoing benefits to its AgriAdvantage Plus package holders. The failure occurred over several years and CBA ...

PROFILE: Blue Sky managing director Mark Sowerby

MARK SMITH  |  MONDAY, 19 OCT 2015
... of a forecast than a reality!" he jokes. Staying in Harvard for another week after the course to think about how he could apply what he'd learned, Sowerby happened across the school's Professor of Investment Banking, Josh Lerner, who still advises the ...

FPA helps advisers with life insurance

DARREN SNYDER  |  WEDNESDAY, 14 OCT 2015
... comprehensive Life Insurance Advice guide had input from members and was developed to provide "practical guidance on how to apply the FPA Code of Professional Practice to life-risk advice." FPA chief executive, Mark Rantall, said the guide incorporated ...

PROFILE: BlackRock head of corporate governance Pru Bennett

ALEX BURKE  |  TUESDAY, 22 SEP 2015
... identify it as a potential conflict of interest." Bennett was so intrigued by the report that she decided to contact CGI and apply for a position. "They were keen to have someone of my background," she explains, "so I started there in January 1997. And ...