Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 41 - 50 of 3324 results for "Governance"

Trustees, platforms, cyber risk under APRA spotlight

KARREN VERGARA  |  FRIDAY, 21 AUG 2026
... recommending investment options," APRA said. As previously reported, a key theme for APRA this financial year is investment governance with respect to valuation practices and platforms. This is part of assistant treasurer Daniel Mulino's newly announced ...

ASIC draws parallels between ASX and super trustee failures

RIDDHIMA TALWANI  |  FRIDAY, 21 AUG 2026
... result of whole-of-business issues, which took years to develop and will take time, investment and most importantly, governance and leadership commitment - to resolve." She pointed to a recent ASIC report which highlighted persistent failures of platform ...

Federal Court confirms Netwealth's First Guardian failures

MATTHEW WAI  |  FRIDAY, 21 AUG 2026
... trustees play and shouldn't be overlooked. It also follows APRA commencing to uplift platform trustees' investment governance under a new consultation as part of minster for financial services Daniel Mulino's reform package unveiled this week. "Superannuation ...

Industry reacts to Mulino's sweeping reforms

RIDDHIMA TALWANI  |  THURSDAY, 20 AUG 2026
... Burgio highlighted it is important the reforms progress hand in hand alongside strengthening consumer protections and governance requirements across the system. "Recent failures have caused significant financial harm to Australians and highlighted that ...

HESTA appoints new heads of risk and finance

ELIZA BAVIN  |  THURSDAY, 20 AUG 2026
... over 25 years' experience in banking, financial services and superannuation, specialising in risk, assurance and governance. "James's technical expertise and depth of experience managing risk across financial services makes him a terrific addition ...

APRA targets platform trustees, welcomes stronger powers

KARREN VERGARA  |  THURSDAY, 20 AUG 2026
APRA is targeting platform trustees' uplift in investment governance in a new consultation, which is underscored by Labor's proposed new powers that will enable it to police new capital requirements for superannuation funds that offer higher-risk options ...

Mulino brings New Class of Advisers to life, guarantees fairer CSLR funding

KARREN VERGARA  |  WEDNESDAY, 19 AUG 2026
... practices. Referencing ASIC's recent work on advice fee deductions, Mulino said the regulator had uncovered serious governance failures, including excessive fees charged to consumers with low account balances for switching-related advice. "ASIC's ...

Mulino unveils sweeping reforms to cold calling, MISs

KARREN VERGARA  |  WEDNESDAY, 19 AUG 2026
... have the financial capacity to meet those obligations," he said. "These reforms will encourage stronger investment governance and reinforce APRA's ongoing work to address weaknesses in investment governance practices. "We will also strengthen penalties ...

Treasury consults on foreign investment framework reforms

RIDDHIMA TALWANI  |  WEDNESDAY, 19 AUG 2026
... and community impacts and other matters relevant to the national interest. These include tax conditions, board and governance arrangements, land development requirements, obligations relating to sensitive land or facilities, the management of sensitive ...

Former NZ Super investment head lands chief executive role

MATTHEW WAI  |  WEDNESDAY, 19 AUG 2026
... chief executive earlier this year. Mirza brings 25 years' experience in investments, corporate development and governance, including NZ Super, Lazard & Co, BP and IBM across London, Melbourne and Auckland. He is currently a member of Datacom Group's ...