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Showing 161 - 170 of 577 results for "Scrutiny"

APRA to weed out underperforming choice products

KARREN VERGARA  |  FRIDAY, 29 OCT 2021
... the choice sector's complexity, variety and sheer volume of options have helped to shield poorer performers from scrutiny. "By shining a light on choice products that are failing to deliver quality, value-for-money outcomes, APRA expects to see the ...

SCA slams five super funds' junk insurance

KARREN VERGARA  |  THURSDAY, 28 OCT 2021
... does not meet members' needs. This year, LUCRF Super dropped its ADL definition, saying that the test has come under scrutiny in recent times by both regulators, consumer groups and the wider financial services industry. "The insidious nature of ...

Fed to ban policymakers stock, bond trading

JAMIE WILLIAMSON  |  FRIDAY, 22 OCT 2021
... President of the Boston Federal Reserve Eric Rosengren and Dallas Federal Reserve president Robert Kaplan both faced public scrutiny in recent months over stock trades made during the pandemic. Rosengren retired on September 27 citing health reasons ...

Default MySuper fees drop to 1%: Rainmaker

JAMIE WILLIAMSON  |  WEDNESDAY, 20 OCT 2021
... AustralianSuper (0.77%), AMIST Super (0.81%), Rest (0.89%) and EISS Super (0.89%). The fee cuts follow years of regulatory scrutiny and increased competition, with Rainmaker Information executive director of research Alex Dunnin saying driving fees down ...

TWUSUPER cans merger plans

JAMIE WILLIAMSON  |  THURSDAY, 14 OCT 2021
... members' best interest." The viability of the merger has been in question for some weeks as EISS Super battles media scrutiny following its failure of the APRA performance test in August. In recent weeks, EISS Super has been accused of partaking ...

EISS Super answers tough questions

ELIZABETH MCARTHUR  |  TUESDAY, 12 OCT 2021
After a period of media scrutiny following its failure of the inaugural APRA performance test, EISS Super has faced a parliamentary committee, facing tough questions over the test result and its sponsorship deals. Liberal MP Jason Falinski led the questioning ...

Global firm expands into Aussie wealth management

ELIZABETH MCARTHUR  |  FRIDAY, 17 SEP 2021
... "The Australian wealth management industry is undergoing significant change, fuelled by increased reform and regulatory scrutiny," Oxford Risk head of behavioural finance Greg Davies said. "Working in some of the most regulated markets we have developed ...

Former super fund chief defends tenure

JAMIE WILLIAMSON  |  THURSDAY, 16 SEP 2021
The former chief executive of EISS Super has spoken out about his decision to depart the fund in the wake of media scrutiny and the fund's failure of the APRA performance test. Alex Hutchison resigned as chief executive of EISS Super on September ...

ME Bank faces criminal charges

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 SEP 2021
... moved to acquire ME Bank from the industry super funds that owned the bank for more than $1.3 billion. The bank faced scrutiny in 2020 after some legacy customers had their mortgage redraw facilities adjusted, allegedly without notice. Chief executive ...

APRA intensifies scrutiny of underperformers

KARREN VERGARA  |  FRIDAY, 10 SEP 2021
The prudential regulator is cracking down further on the superannuation funds that failed the performance test, chair Wayne Byres warned this morning. Last week, APRA named 13 super funds that failed its inaugural performance test. The House of Representatives ...