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Showing 171 - 180 of 618 results for "MEC"

Government to create ASIC, APRA regulator

ANNABELLE DICKSON  |  THURSDAY, 24 JUN 2021
The government has passed legislation that will see the establishment of an independent body charged with reviewing the effectiveness of both the Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority ...

Retirees freed from legacy products

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
Individuals locked into legacy retirement products will now have the chance to transfer into newer, more flexible products without penalty under a new measure. The government is introducing a two-year amnesty for individuals in market-linked, life-expectancy ...

OPINION: Super for housing was the wrong policy fight

ALEX DUNNIN  |  TUESDAY, 11 MAY 2021
After the shock of the Early Release of Superannuation scheme's COVID-19 amendment, the superannuation sector can breathe a sigh of relief that government hasn't introduced a mechanism to allow members to divert their super savings into a deposit on ...

Aged care expenditure to jump 37%

ALEX DUNNIN  |  TUESDAY, 11 MAY 2021
The aged care sector is set for a major boost to address problems raised in the Royal Commission and prepare for the coming wave of aging retirees. Aged care expenditure will increase 7% during 2021-22 to $24.3 billion and by 37% over the next four ...

State Street tech to back crypto trading platform

JAMIE WILLIAMSON  |  FRIDAY, 9 APR 2021
The asset manager is partnering with a start-up to build a new platform for institutional investors to trade digital currencies. State Street's Currenex business is working with Puremarkets and will provide the trading infrastructure for its Pure ...

Mercer calls for delay to super reforms

JAMIE WILLIAMSON  |  THURSDAY, 8 APR 2021
Appearing before the Senate Economics Legislation Committee this morning, Mercer implored the government to consider a delay to the implementation of the super fund stapling mechanism slated to come into effect from July 1. In opening, Mercer senior ...

Review of AFCA underway

ELIZABETH MCARTHUR  |  MONDAY, 22 FEB 2021
The government has released terms of reference for the review of the Australian Financial Complaints Authority, asking for stakeholder feedback. The review will be conducted by Treasury, aiming to test whether AFCA is operating effectively and achieving ...

MTAA Super awards scholarships

KANIKA SOOD  |  WEDNESDAY, 23 DEC 2020
The industry fund has awarded 15 scholarships to members and non-members to put towards further education in automotive and related industries. MTAA Super said the scholarships are worth up to $5000, with the total standing at $50,000 across 15 winners. ...

APRA hands down self-assessment report

KARREN VERGARA  |  MONDAY, 21 DEC 2020
The prudential regulator said it achieved a lot during a turbulent year to help minimise the impact of the pandemic, but acknowledged there is still room for improvement. A number of stakeholders have also commended APRA's response to the coronavirus ...

Chief economist update: An extra mile for a deal

BENJAMIN ONG  |  MONDAY, 14 DEC 2020
"They say that breaking up is hard to do Now I know I know that it's true..." - Neil Sedaka It's been three-and-a-half years since the UK decided and then filed for divorce from the European Union (EU) and 11 months into the transition period ...