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Showing 1571 - 1580 of 7728 results for "CRI"

Proxy advice reforms defeated

RACHEL ALEMBAKIS  |  FRIDAY, 11 FEB 2022
The Senate has overturned proxy advice reforms announced at the end of last year, three days after the new regime had begun. On a vote of 29 votes to 25, the Senate disallowed the new regulations that were announced by Treasurer Josh Frydenberg in December ...

Rainy day funds probed

ELIZABETH MCARTHUR  |  FRIDAY, 11 FEB 2022
MP Jason Falinski spent the most recent House Economics Committee hearing probing the implications of super funds creating "rainy day funds" to pay for possible fines and sanctions. At the beginning of the hearing, Falinski asked University of NSW professor ...

ASX chief steps down

KARREN VERGARA  |  FRIDAY, 11 FEB 2022
The chief executive of the ASX has resigned from the post as the company grapples with a long-delayed transformation project. Dominic Stevens is stepping down from the dual roles of managing director and chief executive after nearly six years at the ...

Retirement Income Covenant, CCIV reforms pass

KARREN VERGARA  |  FRIDAY, 11 FEB 2022
Two long-awaited reforms, the Retirement Income Covenant and Corporate Collective Investment Vehicle regime, passed parliament yesterday. Superannuation funds will have to provide a retirement income strategy for members to assist them in their later ...

AMIST criticised for SPC investment

ELIZABETH MCARTHUR  |  THURSDAY, 10 FEB 2022
Australian Meat Industry Superannuation Trust (AMIST) is being criticised for a recent investment in fruit packing giant SPC, due to the other party involved in the capital raise. AMIST made an investment in SPC in a capital raising. Peregrine Corporation ...

AFA responds to Quality of Advice Review

KARREN VERGARA  |  THURSDAY, 10 FEB 2022
The Association of Financial Advisers hopes that the upcoming industry review will listen to the voices of clients and overhaul the advice process. In its submission to the draft terms of reference for the Quality of Advice Review, the AFA is calling ...

Inflation hitting retiree budgets: ASFA

CHLOE WALKER  |  THURSDAY, 10 FEB 2022
Australian retirees' budgets are under threat by the rise of everyday living expenses, according to findings from the Association of Superannuation Funds of Australia (ASFA). ASFA's Retirement Standard for the December 2021 quarter indicates ...

Boards still lagging on diversity

ELIZABETH MCARTHUR  |  WEDNESDAY, 9 FEB 2022
The latest report from Deloitte and 30% Club Australia questions whether boards are fit for purpose, especially when lacking diversity of experience or background. The report, titled Bold moves in the boardroom, asked whether boards are set up to navigate ...

Super baby bonus proposed

JAMIE WILLIAMSON  |  TUESDAY, 8 FEB 2022
The Association of Superannuation Funds of Australia (ASFA) is proposing a $5000 superannuation baby bonus be introduced, as the industry also calls for the government to prioritise the removal of the $450 threshold as parliamentary sitting resumes. ...

LGIA upgrades anti-money laundering tech

ELIZABETH MCARTHUR  |  TUESDAY, 8 FEB 2022
Newly merged super fund, the $24 billion LGIAsuper, has selected a technology partner to provide anti-money laundering services. The fund chose Napier's Transaction Monitoring and Client Screening tools as part of an upgrade of its anti-money laundering ...