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Showing 111 - 120 of 6062 results for "Commission"

ASIC turns spotlight on direct life sales

KARREN VERGARA  |  TUESDAY, 19 AUG 2025
ASIC is warning life insurers to do better when it comes to their direct sales practices that have placed doubt on their compliance obligations and put consumer outcomes at risk. While some life insurance firms have improved since ASIC's 2018 review ...

ASIC calls out super 'leaders and laggards'

ELIZA BAVIN  |  THURSDAY, 14 AUG 2025
ASIC commissioner Simone Constant has told super trustees more needs to be done to meet obligations under the Retirement Income Covenant. "We are three years into the Retirement Income Covenant now. Three years since trustees have been obliged by law ...

PC suggests removing excessive entry requirements for advisers

ELIZA BAVIN  |  WEDNESDAY, 13 AUG 2025
... productivity hurdles in Australia's economy ahead of the government's Economic Reform Roundtable, the Productivity Commission (PC) has recommended paring back some of the entry requirements that have impacted adviser numbers. The PC pointed to feedback ...

CBA sets aside $52m for remediation

ELIZA BAVIN  |  WEDNESDAY, 13 AUG 2025
Commonwealth Bank of Australia (CBA) said it has provisioned $52 million for remediation purposes as it finalises various class actions, including those related to superannuation and advice. CBA said the group is still defending two superannuation class ...

Trump signs order to open 401(k)s to private markets

JAMIE WILLIAMSON  |  FRIDAY, 8 AUG 2025
... Security Act of 1974 (ERISA) and other defined contribution offerings. It also directs the Securities and Exchange Commission to facilitate access by reviewing and revising regulations and guidance where necessary. A statement from the White House said ...

InterPrac hit with $22m in AFCA complaints

KARREN VERGARA  |  FRIDAY, 8 AUG 2025
Sequoia Financial Group's InterPrac Financial Planning is facing $22 million worth of complaints lodged with the Australian Financial Complaints Authority (AFCA) for its advisers' role in the collapse of the Shield Master Fund and First Guardian ...

Payday super delays will cost workers: ASFA

ELIZA BAVIN  |  FRIDAY, 8 AUG 2025
The Association of Superannuation Funds of Australia (ASFA) has called on the government to get payday super reforms signed into law as soon as possible before the proposed start date of 1 July 2026. The super lobby group said any delays to the law ...

Super funds risk 'falling behind': MUFG Retirement Solutions

ELIZA BAVIN  |  THURSDAY, 7 AUG 2025
MUFG Pension & Market Services has called for an industry-wide uplift in digital identity and fraud protection capabilities as it works with the Australian government and super funds to pilot a new digital ID tool. Speaking exclusively with Financial ...

Cbus appoints member director

MICHELLE BALTAZAR  |  THURSDAY, 7 AUG 2025
... risk and compliance. He is also the chair of the Manufacturing and Automotive Industry Skills Council and an SA Skills Commission member. Cbus has over 925,000 members and manages $105 billion of superannuation savings as of June 30 this year.

PC recommends switch to digital financial reporting

ELIZA BAVIN  |  WEDNESDAY, 6 AUG 2025
An interim report from the Productivity Commission (PC) has recommended Australian companies switch to digital financial reporting to allow for data to be better extracted. The report looked at how Australia can better harness the data contained in ...