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Showing 571 - 580 of 2805 results for "Regulation"

AustralianSuper skewers draft disclosure laws

JAMIE WILLIAMSON  |  MONDAY, 6 SEP 2021
The draft legislation on superannuation portfolio holdings disclosure is not in the best financial interests of members and only stands to serve rival fund managers to whom the reforms don't apply, according to AustralianSuper. In its submission to ...

ASIC to watch member shunting to untested super products

KANIKA SOOD  |  THURSDAY, 2 SEP 2021
... underperforming fund they may already be in?" ASIC senior executive leader superannuation Jane Eccleston said recent regulation will help ASIC regulate such behavior. "Yes, so it is an issue that I think is a good one to talk about, and some of the regulatory ...

APRA leaves door open for benchmark tweaks

KANIKA SOOD  |  WEDNESDAY, 1 SEP 2021
APRA general manager superannuation Katrina Ellis says the regulator is open to finding better benchmarks, especially for unlisted assets, in both its heatmaps and Your Future, Your Super performance test. Speaking at AIST's annual investment conference ...

WTL posts $3.3m loss

KARREN VERGARA  |  WEDNESDAY, 1 SEP 2021
... founded in 2010, initially under the name of Spring Financial Group. When significant changes to financial services regulation kick started in 2017, the firm began restructuring to become a primarily business-to-business operation. "Rationalising our ...

ASIC red tape unit welcomed

ANNABELLE DICKSON  |  WEDNESDAY, 1 SEP 2021
... announced in ASIC's 2021-25 Corporate Plan which focuses on economic recovery through including through more efficient regulation, facilitating innovation, and targeting regulatory and enforcement action to areas of greatest harm. In terms of its ...

Greater scrutiny of choice products needed: Scheerlinck

JAMIE WILLIAMSON  |  TUESDAY, 31 AUG 2021
On the opening day of its annual ASI Conference, and in light of the APRA performance test results, the Australian Institute of Superannuation Trustees' Eva Scheerlinck has expressed concern about the number of Australians that remain unaware their ...

CountPlus profit plummets

ANNABELLE DICKSON  |  FRIDAY, 27 AUG 2021
... Financial's profit was also down from $1.78 million in FY20 to $1.09 million. The repositioned user-pays model and advice regulation led to the departure of 76 advisers throughout the financial year this was somewhat mitigated with 56 advisers onboarding. ...

ASIC outlines corporate plan

ANNABELLE DICKSON  |  THURSDAY, 26 AUG 2021
... financial system. ASIC's 2021-25 Corporate Plan focuses on economic recovery through including through more efficient regulation, facilitating innovation, and targeting regulatory and enforcement action to areas of greatest harm. It plans to up the ante ...

AFMA names new chief executive

KARREN VERGARA  |  WEDNESDAY, 25 AUG 2021
... risk management and regulatory change and this will be critical as AFMA continues its advocacy for public policy and regulation that promote fair, competitive, and efficient markets. On Lynch departing, Bedwell said: "Under his leadership, AFMA sharpened ...

APRA issues guidance on lifecycle products for performance test

KANIKA SOOD  |  WEDNESDAY, 18 AUG 2021
... instead of eight years' average in the APRA performance test. The last minute changes to the Your Future, Your Super regulation included the shorter time-horizon for administration fees that are included in the test, and softer wording in letters ...