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Showing 131 - 140 of 937 results for "Inquiry"

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 ...

ASIC to strengthen complaints handling

ELIZABETH MCARTHUR  |  THURSDAY, 16 MAY 2019
... the failure of firms to identify systemic complaints were key findings of both the Royal Commission and the Prudential Inquiry into the Commonwealth Bank. "With the benefit of broad consultation, ASIC's new standards will lift complaints handling performance ...

Super, life risk face election test

HARRISON WORLEY  |  MONDAY, 6 MAY 2019
... earning threshold are two key planks of the Women in Super 'Make Super Fair' campaign and key recommendations of the Senate Inquiry into Economic Security for Women in Retirement," Wood said at the time. While SMSFs may end up heavily impacted by Labor's ...

Super leaves retirees vulnerable: Research

HARRISON WORLEY  |  WEDNESDAY, 17 APR 2019
... noting policymakers have been grappling with the issue of financial products for retirement since the 2014 Financial System Inquiry. National Seniors' chief executive John McCallum noted after having their retirement savings managed for them during their ...

APRA to boost staff numbers

HARRISON WORLEY  |  FRIDAY, 12 APR 2019
... too greatly. "Taking into account developments such as the BEAR regime, the Royal Commission, the learnings from the CBA Inquiry - and the fact we have had new powers given to us - we plan to set out a new approach to enforcement that will see us utilising ...

Founder leaves SMSF Association

ELIZABETH MCARTHUR  |  FRIDAY, 12 APR 2019
... energy she brought to the task, whether it was as the chief executive or non-executive director." "The fact every major inquiry into superannuation, starting with the Cooper Review in 2010, has largely given the SMSF sector a clean bill of health is ...

Banks push to leave vertical integration on the table

HARRISON WORLEY  |  WEDNESDAY, 10 APR 2019
... control the entire wealth stack: funds management, financial advice, superannuation and platforms. In a submission to the inquiry, the ABA said it had significant concerns with the bill, and noted previous inquiries had already examined forced structural ...

Inquiry denounces franking credit ban

HARRISON WORLEY  |  FRIDAY, 5 APR 2019
... should not go ahead. Releasing the committee's final report last night, Liberal MP and committee chair Tim Wilson said the inquiry found the ALP policy was "inequitable and deeply flawed", and added the policy will see more people rely on the Age Pension. ...

Financial product design and distribution law passes

KARREN VERGARA  |  THURSDAY, 4 APR 2019
... issued under an employee share scheme and fully-paid ordinary shares are exempt from the new regime. The Financial System Inquiry first recognised shortcomings of financial product disclosures in 2013, recommending the introduction of a targeted and ...

Coalition to boost retail access to corporate bonds

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 APR 2019
... investors are currently able to invest in Commonwealth Government Securities via depository interests." The Financial System Inquiry recommended further simplifying disclosure requirements and the Government agreed to this recommendation, noting that ...