Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1371 - 1380 of 6849 results for "PRA"

Diversa culls more products

JAMIE WILLIAMSON  |  MONDAY, 30 MAY 2022
The latest round of cuts sees the closure of three more sub-plans. Earlier this year, Diversa moved to close four of its sub-plans - GROW Super, Brightday, MYONESUPER and Super Prophets - which collectively held about $70 million. Now, Diversa will ...

Super funds to reach $1tn by 2040: KPMG

ANDREW MCKEAN  |  FRIDAY, 27 MAY 2022
A recently released KPMG Super Insights report shows Australia could have at least two super funds with over $1 trillion in assets in the next 20 years. KPMG insights suggest AustralianSuper and the Australian Retirement Trust (ART) will dominate the ...

Superhero board signs former ASIC boss

CASSANDRA BALDINI  |  WEDNESDAY, 25 MAY 2022
Former ASIC chair James Shipton has joined the board of Superhero. The trading platform, which launched in September 2020, has close to 200,000 investors and rolled out zero brokerage US share trading as well as its flagship superannuation offering. ...

Dump annual super contributions cap: CA ANZ

JAMIE WILLIAMSON  |  THURSDAY, 19 MAY 2022
Ahead of this weekend's election, the Chartered Accountants Australia and New Zealand (CA ANZ) wants both major political parties to commit to dumping the annual superannuation contribution cap for the benefit of women. CA ANZ said the existing cap ...

Foresters appoints chief risk officer

ANDREW MCKEAN  |  THURSDAY, 19 MAY 2022
Foresters Financial has appointed Greg Hanigan as chief risk officer. Hannigan will be based in Melbourne and report to chief executive Emma Sakellaris. Most recently Hannigan worked in risk compliance at IOOF and NAB as a senior risk partner. Before ...

BlackRock launches ESG model portfolios

JAMIE WILLIAMSON  |  WEDNESDAY, 18 MAY 2022
BlackRock has introduced a range of ESG model portfolios covering a range of risk profiles, saying it is making sustainability more affordable. The iShares ESG Model Portfolios apply a multi-asset strategy and invest in iShares ETFs and BlackRock index ...

Good isn't good enough for the super system: Byres

ANDREW MCKEAN  |  TUESDAY, 17 MAY 2022
At the FINSIA 'The Regulators' event, APRA chair Wayne Byres has detailed the regulator's foremost superannuation priorities. Australia's superannuation system is the envy of the world, but Byres said it could be better. Having initially praised the ...

Super Guarantee increases now ironclad

ANDREW MCKEAN  |  MONDAY, 16 MAY 2022
The super industry has welcomed the Prime Minister's re-election promise that a Coalition government will lift the Superannuation Guarantee to 12% as legislated. The Prime Minister has said he "stands by" the currently legislated 12% increase and ...

APRA identifies NESS Super board deficiencies

JAMIE WILLIAMSON  |  FRIDAY, 13 MAY 2022
APRA has told the $1 billion super fund to improve its governance after a review found deficiencies with its board. The directions follow a review of NESS Super's governance and an independent review conducted by NESS which identified skill gaps ...

ASIC outlines cybersecurity expectations

JAMIE WILLIAMSON  |  FRIDAY, 13 MAY 2022
Following on from RI Advice's Federal Court loss, the corporate regulator has laid out its expectations of licensees when it comes to cybersecurity. Just last week, in what was an Australian-first, the Federal Court found RI Advice failed its obligations ...