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Showing 581 - 590 of 2785 results for "TES"

Initial review of RIC strategies underway

JAMIE WILLIAMSON  |  THURSDAY, 4 AUG 2022
APRA and ASIC have already begun reviewing superannuation funds' retirement income strategies, with a view to publishing its findings later this year. In a speech to the Financial Services Council's Policy Briefing, APRA member Margaret Cole said the ...

Optimum Pensions, Generation Life launch lifetime annuity

CASSANDRA BALDINI  |  WEDNESDAY, 3 AUG 2022
Optimum Pensions and Generation Life partnered to launch an investment-linked lifetime annuity. The LifeIncome products offers a lifetime annuity with 23 different investment options and has reversionary benefit and death benefits. A statement called ...

Adviser banned over early release scheme

JAMIE WILLIAMSON  |  WEDNESDAY, 3 AUG 2022
An Adelaide financial adviser received a five-year ban for advising his clients to roll their super into newly established SMSFs to invest in a company he is a director of and then releasing the money to them in the form of a loan. Antonio Simeone is ...

CHESS replacement delayed further, review underway

JAMIE WILLIAMSON  |  WEDNESDAY, 3 AUG 2022
The ASX has commissioned an independent review of its long-delayed CHESS replacement to enable the bourse to set a realistic go-live date, saying current indications suggest it won't launch before late 2024. The CHESS replacement project has been underway ...

Class bolsters leadership with new general managers

CHLOE WALKER  |  TUESDAY, 2 AUG 2022
The cloud-based wealth accounting platform has added four new general managers to its leadership team, while also bidding farewell to its long serving chief solutions officer. The appointments of Gary Cox, Jo Hurley, Tracy Williams, and Tom Sargent ...

Australian Bond Exchange, ANZ pilot settlement platform

CASSANDRA BALDINI  |  TUESDAY, 2 AUG 2022
Australian Bond Exchange (ABE) has signed a set of agreements with ANZ to pilot its transaction and settlement process using the New Payment Platform (NPP). The pilot program will enable ABE to test its newly built trading system that automates multiple ...

Financial product registrations up 30%

ANDREW MCKEAN  |  TUESDAY, 2 AUG 2022
APIR Systems reported a significant increase in the number of new financial product registrations in the financial year just gone. Product registrations rose 30.1% on the prior year, this also follows an increase of 25.8% in 2020/21. APIR chief executive ...

APRA to improve strategic planning, member outcomes rules

JAMIE WILLIAMSON  |  MONDAY, 1 AUG 2022
APRA is revisiting the design of its rules governing strategic planning and member outcomes in superannuation, including strengthening the way in which outcomes are assessed, closer monitoring of financial resources and new rules to follow when a MySuper ...

KPMG spotlights super's biggest challenges

ANDREW MCKEAN  |  FRIDAY, 29 JUL 2022
KPMG has flagged ESG, tax governance, financial crime, adaptive investment operations and regulatory risks as some of its key considerations for the super sector in 2022. According to KPMG's latest Super Insights 2022 report, last year climate change ...

Future Fund appoints alternatives, credit heads

CASSANDRA BALDINI  |  MONDAY, 25 JUL 2022
Future Fund has named Tammi Fisher as its head of alternatives and James Waldron as its head of credit. Fisher initially joined the sovereign wealth fund in February 2021 as director of private equity. She has had an extensive career in the investment ...