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Showing 2961 - 2970 of 8591 results for "SIM"

APRA to take transparent approach

HARRISON WORLEY  |  TUESDAY, 19 NOV 2019
APRA's new approach to governance, culture, remuneration and accountability will see the prudential regulator focus on strengthening, sharpening and sharing. The regulator today released an information paper on its "more intensive" regulatory approach ...

Value facing unprecedented rally: Schroders

ELIZA BAVIN  |  TUESDAY, 19 NOV 2019
Value stocks are headed towards an "unprecedented" boom, according to Schroders UK fund manager Simon Adler. Adler said part of the reason value stocks deserve more attention is because growth has been doing so well. "The last 10 years has been the ...

CommInsure enters guilty plea

ELIZA BAVIN  |  TUESDAY, 19 NOV 2019
CommInsure has pleaded guilty to 87 hawking offences. ASIC announced that Colonial Mutual Life Assurance Society, trading as CommInsure, has entered a guilty plea for 87 counts of offering to sell insurance products in the course of unlawful, unsolicited ...

FSC, ISA face off over APRA heat map

HARRISON WORLEY  |  MONDAY, 18 NOV 2019
Two of the most influential lobbying groups in superannuation have taken vastly different positions on APRA's recently unveiled MySuper heat map. The Financial Services Council and Industry Super Australia have aired uniquely different perspectives ...

New advice groups detrimental to consumers

HARRISON WORLEY  |  MONDAY, 18 NOV 2019
The co-founder of iPac Securities believes the issues that saw the big banks exit wealth management will pale in significance to future failures he expects will come as a result of "fringe" advice groups. Appearing at the ASFA Conference in Melbourne ...

Media Super winds up income investment option

ELIZABETH MCARTHUR  |  MONDAY, 18 NOV 2019
The $6.2 billion superannuation fund Media Super has issued a notice to members notifying them that its Income Plus investment option will close effective 5 February 2019. The fund said the ongoing low bond yield environment has put performance of its ...

CountPlus expands network

ELIZABETH MCARTHUR  |  MONDAY, 18 NOV 2019
CountPlus has acquired a 30% stake in DMG Financial Holdings. This takes CountPlus' network from 19 to 20 firms. Consideration for the investment is a cash payment of $2.891 million. DMG Financial is an accounting and financial advice firm based in ...

Hume blasts super merger laggards

HARRISON WORLEY  |  FRIDAY, 15 NOV 2019
Senator Jane Hume has slammed the superannuation industry over the excuses used by super funds for not merging, saying there is simply no excuse when members' best interests are at play. Speaking on the final day of the ASFA Conference in Melbourne ...

Rapid pace of regulatory change to continue

ELIZA BAVIN  |  FRIDAY, 15 NOV 2019
APRA's executive general manager Suzanne Smith said superannuation funds should expect the pace of regulatory change to continue into 2020 as she addressed the 2019 ASFA conference in Melbourne. Using her speech to reflect on the changes experienced ...

No pat on the back for high performers: APRA

HARRISON WORLEY  |  FRIDAY, 15 NOV 2019
APRA's superannuation heat map will not feature any means for demonstrating high performance across any of the system's metrics, the regulator has revealed. APRA outlined its superannuation heat map at the 2019 ASFA Conference in Melbourne this ...